Thursday, Apr 17, 2008
London house prices slumped already by 15%
LSE: Hamptons MD: London house prices down 15%
I like the "Free mortgage quote" link at the top of the article; where there's sh1t there's brass eh.
Posted by doomwatch @ 02:31 PM (239 views) Add Comment
1 Comment
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1. waiting for the crash said...
One though from me
If people stopped believing in gold as an investment - what would the price of gold be? Well not above $1000 per ounce.
If people stopped believing in property as an investment - what would the price of houses be? Not as high as they are now.
This change in peoples view will cause prices to correct - heavily and fast and this change is view is now affecting the housing market.