Tuesday, Oct 16, 2007
See the future of U.K housing market in this crystal ball
patrick.net: US Housing Crash Continues
The differece between us and the U.S is that we are even more vunerable to what is about to happen and I doubt if HIPS will stave off this wave of catastrophe by starving supply. Now in the U.S. rents are cheaper than mortgages, shortage of first time buyers, fraud, bad lending/borrowing practices, baby boomers retiring, surplus of speculators etc. All of this and no unemployment or reccession. Did I say in the U.S.??
Posted by helena @ 11:41 PM (172 views) Add Comment
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