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Feeling A Bit Depressed About Hpi Continuing?

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Here`s part one http://firstrung.co.uk/articles.asp?pageid...1275&cat=44-0-0 I think.

I tell you what, my favourite quote of the week is this,

Firstrung often compares the US with the UK as the dynamics that drove the property market to unsustainble heights are remarkably similar.The final word should be given to the insurance agent Joe Kelly over lunch downtown at the Leesburg Restaurant. When questioned regarding the severe downturn in consumer confidence in real estate, his reply,"They ran out of stupid people."

Like this also:http://firstrung.co.uk/articles.asp?pageid=NEWS&articlekey=1270&cat=47-0-0

Jim Williams, executive vice-president of the Northern Virginia Building Industry Assn., knew the "feeding frenzy" had gotten out of hand when a waiter in a restaurant he frequents confided that he had bought four houses on spec. "I'm sitting looking at him and thinking even with tips...he must be dying on the vine."

Edited by Converted Lurker

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  • 302 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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