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Converted Lurker

News From The States

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I`m beginning to believe that the press is a lot freer (sp?) in the States, there are far more bearish articles from over there on a daily basis. 86 % of households cannot afford to buy the median house in Calafornia

On a rolling San Diego street, where home prices have doubled in three years, real estate agent Shawn Ommid kept a quiet vigil, chocolate chip cookies at the ready, waiting for buyers.

By Sunday afternoon, the cookies remained plentiful and prospects were scarce, with few turning up to tour a two-story tract house in a neighborhood known for its striking canyon views and equally stunning home prices of around $800,000.

"It's a shame because it's better to be a buyer now," said Ommid, citing a rise in San Diego home listings.

It is a scene that is playing out across some of the hottest property markets from California to Florida.

http://today.reuters.com/business/newsarti...SLOWDOWN-DC.XML

Edited by Converted Lurker

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I've often wondered the same. Even with a Nazi like Dubya in charge, Americans still seem to enjoy a degree of free speech, whereas in the UK it's almost treasonous to suggest anything negative regarding the Government or its economic policies.

On a more serious note. Did you know that Fannie (as in Fannie Mac & Mae) also means bottom in the States? So when you apply for a mortgage over there, you're effectively saying, "a*** Mac to bum Mae".

I know, I'll get that other geezer's coat...

I`m sure I read a report on the web last year on the lines of "something smells as fannie reaches the bottom" :o

Edited by Converted Lurker

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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