Monday, Jul 28, 2008
FT's expert view
FT: Rebuilding the housing market
One of the Ask the Expert series from the FT. An antidote to some of the rubbish appearing in the other papers. Quite long but worth a read, for instance this quote on unemployment:
"I would therefore argue that any bounce back will take time to re-assert itself and that we are still in the very early days of the correction. It is worth noting that unemployment actually only began to rise from May 1990 with housing acting as a lead indicator."
Posted by letthemfall @ 01:41 PM (410 views) Add Comment
1 Comment
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1. paul said...
Lots of very hopeful questions a la "when will the market bounce back?". The short answer he gives is "it won't".
I prefer John Hunt's explanation of when the market will "bounce" back:
"When people cease talking about property prices at dinner parties, when they've become so boring a topic of discussion." That, he ventures, is the moment to strike, "when there's blood on the street but it's drying - it's stopped flowing". Nevertheless, his "absolute golden rule is sell before you start looking".