Saturday, Mar 29, 2008
Now talking about a bust
The Times: Credit crunch: Pinpointing the boom's turn into a nasty bust
At last, a tipping point is looming for Britain's national obsession: the housing market. The long boom in residential property prices has clearly been over for months, with volatile moves up and down in prices pointing to the market's shaky foundations.
But with hindsight, it may well be that the past month or so will come to be seen as the decisive turning point when the long housing boom mutated into a nasty bust.
Posted by bufferbear @ 03:18 PM (227 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
1. bystander said...
Love the way the media subtly moves around a topic as it reads the changing public reactions. It was only a few months ago when all you could read in the Times was how much you could make from property and what a mistake it is to sell to rent, but now HPC has become "de rigeur, Daaaarling". So hop on the bandwaggon and sell some more copies. Lets hope this time there really are major drops so normal salaries can cover affordable mortgages and help to build a stronger society based on the common good, not the "I, Me, Mine" mentallity of the past decade, at least until the next time.
2. titaniccaptain said...
@Bystander
That comment of your was so good I stood infront of my screen hand on heart and swore my allegiance to queen and country.
Even went up the attic to get the 1981 charles and Di wedding mugs out for display with Jerusalem Blasting out of the Hi Fi with a grin that was so churchill I could of insured your car "oh yes"
" Lets hope this time there really are major drops so normal salaries can cover affordable mortgages and help to build a stronger society based on the common good, not the "I, Me, Mine" mentallity of the past decade, at least until the next time."
Damn Right long live the revolution
3. inbreda said...
And for an added bonus - let's hope it clears out some range rovers along with the fugwits that drive them.