Monday, May 04, 2009
US housing market still falling after 4 years
Bloomberg: Buffett says no sign of housing recovery
buffett(who owns a realtor) sees housing market gloom continuing,this is even after 4 years and average salary 3 x average house price
In UK we are still ar 6 x average salary(which is falling)...dyor!
Posted by taffee @ 07:47 AM (668 views) Add Comment
4 Comments
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1. new_order said...
"When the chips are down, these so-called civilized people will eat each other.
So you see, I am not really a monster, I am just ahead of the curve"
- The Joker
2. stillthinking said...
You can check the situation in the UK by looking for unemployment and repossessions(this is a dubious figure I think). Install an imageviewer called cooliris for the firefox browser. Probably it is the easiest way to browse charts online, that I have found anyway. House prices will continue falling as long as one of the two is rising.
3. Henryweston said...
Just like the boom, the bust will probably continue for much longer than most people expect.
4. mander said...
That is what I am talking about: House prices after 3 periods of boom. With no economic sense kept going up for years. Shouldn't the governments be more careful with the speculation of the basic elements of people's expediture in life: housing, food, petrol in order for capitalism to survive?