Friday, Apr 27, 2007
Collapse risk in UK house market
Bloomberg: U.K. Home Prices Are `Very Inflated,' at Risk of Collapse, Tchenguiz says
The influx of international capital into the U.K. has created a real estate market similar to the one in Japan that collapsed in 1991, said Tchenguiz. Japanese land prices have dropped about 50 percent from their peak. They increased in 2006 for the first time in 16 years.
Posted by james @ 03:17 PM (212 views) Add Comment
7 Comments
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1. lvmreader said...
David20040_0 said...
Everywhere but the UK is crashing, that is because the UK is an island. And I really don't care about Japan comparisons anymore.
Housing will not crash here, end of.
2. lvmreader said...
You need to look at a map of Japan, David20040_0.
You are clearly not too bright.
3. lvmreader said...
http://www.housepricecrash.co.uk/newsblog/2007/04/blog-an-avalanche-of-fraud-made-this-mess-and-an-avalanche-of-defaults-will-end-it-3761.php
4. Wannabeemigre said...
lvmreader said..., although I can understand your frustration with David20040_0 but you can't teach pork
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