Sunday, Sep 30, 2007
You thought the housing crisis was bad in the US? Wait ‘til you see what happens in Britain.
The Daily Reckoning: UK Property: Buy-To-Let Speculator Threatens To Bring Down Price Structure
An American take on the UK house price bubble. Nice bearish article to pleasantly round off the weekend.
Posted by baudot @ 07:26 PM (260 views) Add Comment
1 Comment
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1. taffee said...
nice article........spot on to what we have all been saying.....still think 50% fall is far more likely in some areas...or more.
you could buy a 2 bed conversion in hastings in 1995 for £22,000....now £120,000......why couldn't that fall to say £70,000?....no work there and you would still need to earn £20,000+ to buy it...and why buy that when a house would be only £100,000?????