Thursday, Jan 17, 2008
Round-up of US housing market
Fool.co.uk: More Housing Horrors Across The Pond
"The US housing market slump is widening out. It seems that even New York is feeling the pinch as residential areas east of Manhattan are now suffering. [...] There are clear differences between our own [UK] housing market and the US or Canada. UK prices may well not crash. But once property values start to slide, the decline can last not just for months, but for years."
Posted by drewster @ 01:13 AM (253 views) Add Comment
1 Comment
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1. Wilee said...
Not a comment on the article, but a link to a new Motley Fool podcast. Several regular posters here will really enjoy comments by Justin Urquart-Stewart in this recording. It's insightful and amusing in equal measure, and will strike many a chord. He touches upon inflation, the global economy, the state of the Dollar, the relationship between the US and China, "pushing on a string", recommended asset investments, property, gold, India and China, the UK's real inflation rate around "7%" and much more. Highly recommended listening so hope the link works....