Friday, Nov 16, 2007
What do you call a bubble? I call it a bubble
Times: Commercial property confidence worst since 2003
No laughs, no shadeufreude (is the spelling correct?) but I have heard of people who really lost big money in property funds this year. and no hope of any rebound, this century at least. "The findings from the Royal Institute of Chartered Surveyors are likely to stoke fears that the commercial property market is heading for a collapse not seen since the early 1990s." One thing about the RICS is that they guessed the timing of the last crash right (months before others had any clue)
Posted by confused76 @ 07:22 PM (224 views) Add Comment
1 Comment
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1. Pipsqueak said...
Nope: Schadenfreude
http://www.google.co.uk/search?hl=en&q=define%3A+Schadenfreude&btnG=Google+Search&meta=