OK, micro bull trap, that's encouraged the one-post-wonder "bulls"
Personally, I'm not too concerned that my str interest is about to fall, compared to the bigger picture. So far, str has saved me 150K+
spoke to an EA today
he said that dec and jan had been much better for activity as sellers were getting more realistic about price cuts.
he was far from enthusiastic about the halifax 'bounce' figure.
Saw a video on Doomberg a couple of weeks ago (sorry, can't remember the guy's name) saying there was 19 sq ft of retail space per consumer in the US when there should be 12 sq ft. He reckoned many of the mall owners and operators were going BK.
Sorry I'm late to this thread , been away for a few days, no internet.
Dec, Jan and Feb are the big seasonal adjust months (+1.4% in Jan).
I'm looking forward to March already
As the boom progressed, the trend line moved up and up, from around 1.6% to the current 2.9%.
I guess we'll need a decent sized "slice" below the line to start dragging the trend down again. I guess a year before it starts to fall.
I'm not
btw, here's another one that's virtually impossible to offload (referred to in one of la beany's progs as a great example)
http://www.rightmove.co.uk/property-for-sa...&radius=0.0
http://www.bbc.co.uk/iplayer/episode/b00g3...eek_18_12_2008/
Watch from 13:10s http://www.bbc.co.uk/iplayer/episode/b00g34cd/This_Week_18_12_2008/' rel="external nofollow">
"A pyramid in theory can go on forever ....."
Wonder how her pyramid is doing?