Tuesday, May 27, 2008
"Keep pumping, Darling"
Digital Look: As Safe as Houses?
Intelligent article from Justin Urquhart Stewart on how houses have become not just one bubble but a series of little ones that threaten to, or have already, combined (and then burst).
Posted by dark_horse @ 10:16 AM (173 views) Add Comment
1 Comment
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1. techieman said...
"For most of us therefore our housing markets will just stagnate until one of us is forced to move. This was so obviously highlighted by the plight of the removal companies who last week reported their pain as so few of us are now moving. From a normal moving cycle of seven years it seems we have stretched this out to somewhere between 11 and 15 years – not much there for removals, house fittings and even DIY."
Wrong! - Prices are determined at the margin. in fact the whole paragraph is non sensical. Not so intelligent in my view!