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A group of property developers and owners in the popular Mediterranean resort of La Manga have threatened to sue Greenpeace for millions of euros, over their dramatic predictions of the effects of global warming, which they say have caused house prices in the area to plunge.
We reported Wednesday that a stalemate on a stop-gap measure to fund the government caused House members to cancel a planned delegation to the climate talks.
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That caused housing shortages that led real estate prices -- and, eventually, property tax assessments -- to rise.
The competition for housing within the city limits has forestalled the foreclosure crisis that has caused housing values to plummet by 40percentt and more in San Francisco's suburbs.
Any way you slice it, the tech industry, paying proportionally higher salaries because of VC funding and creating millionaires through lucrative IPOs, has caused housing prices and everything else influenced by housing prices in the Bay Area to skyrocket.
A credit crunch or recession could cause house prices to tumble in many more countries.
This has led some commentators to suggest that this will cause house prices to rise more sharply.
Foreclosures are causing house values to plummet, local tax revenues to decline and credit to remain tight.
Curiously, actual modelling conducted by the Housing Industry Association suggests that limiting negative gearing could actually cause house prices to go up.
There is some evidence that Labor's changes could cause house prices to fall until investing in real estate earned an income (positively geared).
The Liberals argue that Labor will scrap (grandfather) negative gearing on existing dwellings which will cause house prices to fall and rents to rise.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com