Thursday, Nov 29, 2007
Grim faces on the tube tonight as the penny drops
London Evening Standard: Fears of House price crash grow
"Fears of a housing crash dramatically increased as figures showed the biggest
monthly fall in property prices for more than 12 years."
Posted by doomwatch @ 06:26 PM (661 views) Add Comment
5 Comments
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1. japanese uncle said...
Anyone with the intelligence of an 11th form student could have predicted this ten years ago, albeit without predicting pricisely when. The violent swing of the housing market will never fail to shake off millions to where god knows. It is those propagandists including not least the FRB charimen, and other central bankers (Merding is less guilty as he at least hinted "House price is a matter of opinion, debt is real)." that are to the severest blame as they, unlike the sheeple without enough knowlege and information, were fully aware what should be around the corner, yet chose not to warn in a timely manner but usher the herd of less privileged into the pond of blood and tears, just to make a few coppers.
Anyway, what a salvo of scaremongering campaign, after enough population is aboard the plane named "Prop Ladder Bound for Hell". " Now folks, you don't have to wear seatbelt, as this plane will nosedive to the ground. You are all dead anyway. Sorry about that but no hard feeling. Job's a job. Chao" And they will escape with silky golden parachutes.
2. Stevie Dee said...
Grim faces.. house prices falling... a corrupt government.. a dodgy stockmarket.. tell me the good news!!
3. planning4acrash said...
First time I've bought the standard for a long time!! Well, now bigging up the crash will sell papers, away we go!!! It could be sharp and painful, 1992 had nothing of the credit crisis or debt levels we see today.
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5. dohousescrashinthewoods said...
p4c ... or the levels of speculation - a lot of people own multiple properties they don't live in so the speed of the market is much increased.