Tuesday, Dec 16, 2008
Data revealing the scale of the world house price falls
Busuness World: World House price Slump
In 2008, the crash of the world’s housing markets, which began in the US in 2007, precipitated the world’s most severe economic crisis since the Great Depression.
Inflation-adjusted house prices fell in more than 21 countries out of the 29 for which Q3 figures are available. In no country is there cause for strong optimism. The latest quarterly figures bring grim news, even in countries which recently saw price rises.
Posted by gone-to-colombia @ 06:07 PM (393 views) Add Comment
2 Comments
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1. crunchy said...
House price falls in the UK seem to be accelerating. The figures show house price declines of 6.67 % (inflation-adjusted) during the latest quarter in the UK. This is the largest quarterly fall among the countries where data is available.
The Global Property Guide expects 2009 to be a deeply unpleasant year. Research shows that house prices are most affected by three influences: economic growth, momentum, and interest rates. Unfortunately, all these 3 influences are moving in the same direction � downward.
crunchy. What was that about UK property bottoming out soon. DIsinformation.
Unemployment figures out Wednesday.
If this Golden Goose cant deliver in 2009 with rates @ 0% when will it? Looks like The Badger has the begging bowl out again. Banks need more of your money so they can lend you that SAME money with INTEREST! nice of them TO GIVE YOU THE RISK TOO! NOW THAT'S WHAT I CALL A BUSINESS MODEL. Can you Imagine doing that to a bank?
Baby Boomers lend to kids, now Kids lend to Baby Boomers.
Words fail me.
2. crunchy said...
Global blood on the streets coming.
When the last cusion of the comford zone goes along with the puppy fat,
we will all be amazed that the bull dog spirit is still alive and well,
DEPRESSION/HYPERINFLATION.