I noticed yesterday that the US Lenders ie Lehman Bros/ Bear Sterns were saying that after a initial cut (Today) of US Interest rates to steady the market -that future emphasis should be based on Shared Equity schemes and that the USA were copying the UK in terms of Housing Association/ New Build and rebuild ie New Orleans where the promised rebuild system is still miles behind target.
Given that Gordon Brown has announced (As did John Prescott 8 years ago) a massive new build of some 3 million homes all on Shared Ownership terms - is this the only logical way forward? Or if, as this Forum title forsees then are we truly in for a sudden sharp fall in property values? - Personally, I feel that prices will without question fall in given geographical locations ie the South. Followed by a levelling out in all other areas - But no overall collapse.
On a lighter vein I could not help but notice that both the BBC and Sky concentrated on Northern Rock queues in the South of England - with hardly a reference to their core base in the North.

The good old North and South divide

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