Tuesday, Aug 26, 2008
BBC chronicles housing bust in Northern California
Credit Writedowns: The Housing Bubble and Bailout
The BBC released some great background on the US housing bust in Northern California. Two 20-minute audios of BBC reporter Michael Robinson give a very good on-the-ground feel for what is happening in the housing market in the US right now.
Will Britain suffer similar damage? The falls may be as extreme, but do t lack of overbuilding I imagine Britain should escape the blight of massive enclaves of foreclosed housing subdivisions that dot the US landscape. Very sobering account.
Posted by edwardnh @ 06:29 PM (171 views) Add Comment
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