Should a global recession occur, tourism will take a hit, along with the ability of foreign tourists to buy thousands of dollars of luxury brand handbags, etc.2.

Since the US has become more of a global economy maybe the booms will last longer but I am gun shy.

Try chewing gum in Singapore!

However, Global Property Guide is a pretty good place to research other countries.

- wages start to increase, squeezing employers, and increasing prices - after a long cycle of easing credit and fierce competition among financial institutions for lending business, and consumers & investors stretching themselves more, credit terms start to tighten again - the Federal Reserve increases interest rates, increasing the cost of borrowing - usually, oil/energy prices increase with increased US & global consumption, increasing costs across industries- consumers got used to the wind at their back and got used to it.

What creates the whole 'appreciation mystique' is that it is highly complex, and dependent on local and global influences.

Nation wide like 08 GFC which was global... so i guess if credit markets freeze like they did... that could happen.but seems to me lenders are somewhat more prudent then they used to be.. 

If they ask me to pick up a gum wrapper I say "nope"

I've posted this in the "Real Estate Success Stories" forum but perhaps its would fit better in the "Real Estate Life Lessons Forum".There is a ton of talk in the media but also on these forums of the precariousness of our national and global financial structure and the values of assets as currently traded.  

The heat is getting worse year after year because of global warming and the “ heat island effect”, where more concrete and roads that hold heat mean the temperature stays hotter at night.