Realistbear Posted March 13, 2006 Share Posted March 13, 2006 http://www.iht.com/articles/2006/03/12/bloomberg/bxcard.php For homeowners spending their equity, the party may be over By Matthew Benjamin Bloomberg News MONDAY, MARCH 13, 2006 The storm warnings increase. The end of the boom cycle in in House price inflation has arrived. Quote Link to comment Share on other sites More sharing options...
Casual Observer Posted March 13, 2006 Share Posted March 13, 2006 http://www.iht.com/articles/2006/03/12/bloomberg/bxcard.php For homeowners spending their equity, the party may be over By Matthew Benjamin Bloomberg News MONDAY, MARCH 13, 2006 The storm warnings increase. The end of the boom cycle in in House price inflation has arrived. That's about USA, not UK!! Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted March 13, 2006 Share Posted March 13, 2006 That's about USA, not UK!! Phew! UK house prices will keep rising astronomically forever more. Thank God for that! Quote Link to comment Share on other sites More sharing options...
Casual Observer Posted March 13, 2006 Share Posted March 13, 2006 (edited) Phew! UK house prices will keep rising astronomically forever more. Thank God for that! Did I say that? If a Bull were to post an article about low HPs in China, with no hint in the title that it didn't relate to UK, would you criticise that for being a tad mis-leading? Talk about clutching at straws you 2. Do you trawl the world looking for something bearish that you you can claim as evidence of a crash here? Edited March 13, 2006 by Casual Observer Quote Link to comment Share on other sites More sharing options...
Realistbear Posted March 13, 2006 Author Share Posted March 13, 2006 That's about USA, not UK!! Yes it is the USA. MEW culture has been thriving on both sides of the Atlantic. Since WW2 the UK and US house markets have experienced boom and bust cycles and at about the same time. We both went through the Great Crash * together and will go through the Big Correction** together. ______________ *1989-1996 **2005-20?? Quote Link to comment Share on other sites More sharing options...
non-FTBer Posted March 13, 2006 Share Posted March 13, 2006 MEW graph for UK.... was running at £18bn, now running around £8bn, a drop of over 50% in MEW. There you go... a little more Uk related now. Quote Link to comment Share on other sites More sharing options...
Casual Observer Posted March 13, 2006 Share Posted March 13, 2006 MEW graph for UK.... was running at £18bn, now running around £8bn, a drop of over 50% in MEW. There you go... a little more Uk related now. But what does it mean for future direction of UK HPs? Quote Link to comment Share on other sites More sharing options...
AteMoose Posted March 13, 2006 Share Posted March 13, 2006 (edited) But what does it mean for future direction of UK HPs? It means averaged accross the uk every person who earns in the country took a 5% pay cut between 2003 and 2004! If you back at the MEW in the last crash, an identical pattern occured at the peak. Edited March 13, 2006 by moosetea Quote Link to comment Share on other sites More sharing options...
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