Friday, Mar 30, 2007
Will UK housing market go the same way as the US?
Assetz News: Can UK property avoid American humble pie?
Worries abound as to whether the UK market will experience the same crash as has hit America recently. Mervyn King is confident that the UK market is sufficiently robust to stay strong although other experts disagree.
Posted by Caroline @ 01:07 PM (176 views) Add Comment
5 Comments
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1. lvmreader said...
Mervyn King is smoking crack.
Somebody stop that man.
2. royston said...
Let's get one thing straight - Mervyn King is not your friend and he is not your uncle!
He doesn't give you helpful advice on how to maximise your own welfare, he tries to control your behaviour.
Why? Because if you and the likes of you spend too much, he ends up with an inflation problem to solve. And because if you and the likes of you stop buying houses, he ends up with a market crash problem to solve.
3. japanese uncle said...
He is being paid for not speaking out the truth. What if the BoE cheif sparks panic by yelling, HPC!?
4. Davros said...
Just as the boom was a global phenomenon, so will be the crash. Anyone who argues that the UK market is somehow different from all the other countries which are now showing a sharp slowdown is deluding themselves.
5. paul said...
Particularly incisive and independent research here Caroline - thanks for posting.
You know following the opening of a Boots that sells electric trimmers in neighbouring Wabsnazm, their barber went out of business. My barber in Manfold-Thirtysixborough poo-pooed that this would never take on in our village. After all everyone here uses scissors he said, and people liked it that way.