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MEtallic

Across The Pond

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http://thehousingbubbleblog.com/

Interesting what is happening over in the States. Speculators are out of the market and things seem to be in free fall. At least the media over there seems to be highlighting the issue. Over here, its still la la land.

Before someone says that "It's different over there", not it's not! Where the US goes, so does the UK and a recession in the US bought about by significant debt is going to mean recession world wide.

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http://thehousingbubbleblog.com/

Interesting what is happening over in the States. Speculators are out of the market and things seem to be in free fall. At least the media over there seems to be highlighting the issue. Over here, its still la la land.

Before someone says that "It's different over there", not it's not! Where the US goes, so does the UK and a recession in the US bought about by significant debt is going to mean recession world wide.

And they know its all over:

http://www.in2perspective.com/nr/2006/04/a...le-to-burst.jsp

'Most Americans expect housing bubble to burst'
By Laurie Osborne, Editor
Published 22nd Apr 2006, (a Saturday) at 08:00AM
See also... US, Gallup, Experian, housing-market, overseas, economy, house-prices
Many Americans believe that the 'housing bubble' will burst at some point during the coming year, according to the latest Experian/Gallup Personal Credit Index survey.

If Gallup did the same poll in the UK it may show 5% expecting a crash. Look into my eyes, look into my eyes: its a Miracle Economy--prices never go down only up

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The US has been agressively raising its base rate from a low of 1%, house prices had to be affected:

The Federal Reserve has raised interest rates for the 14th time in a row, following the last meeting for retiring chairman Alan Greenspan.

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And they know its all over:

http://www.in2perspective.com/nr/2006/04/a...le-to-burst.jsp

'Most Americans expect housing bubble to burst'
By Laurie Osborne, Editor
Published 22nd Apr 2006, (a Saturday) at 08:00AM
See also... US, Gallup, Experian, housing-market, overseas, economy, house-prices
Many Americans believe that the 'housing bubble' will burst at some point during the coming year, according to the latest Experian/Gallup Personal Credit Index survey.

If Gallup did the same poll in the UK it may show 5% expecting a crash. Look into my eyes, look into my eyes: its a Miracle Economy--prices never go down only up

If in2p have mised anything out it`s in here

House price pessimism may be warranted

http://firstrung.co.uk/articles.asp?pageid...1808&cat=47-0-0

or

"Housing Bubble to Burst" according to 70% of pollsters questioned

http://firstrung.co.uk/articles.asp?pageid...1807&cat=47-0-0

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If in2p have mised anything out it`s in here

House price pessimism may be warranted

http://firstrung.co.uk/articles.asp?pageid...1808&cat=47-0-0

or

"Housing Bubble to Burst" according to 70% of pollsters questioned

http://firstrung.co.uk/articles.asp?pageid...1807&cat=47-0-0

Seven in 10 consumers expect the housing bubble to burst. However, only about 4 in 10 expect housing prices in their own areas to remain the same, or decline.

I gotta love that. 7 in 10 expect the bubble to burst, but only 4 in 10 expect their housing bubble to burst. The "it wont happen here because bla, bla, bla."

Edited by Karen

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You should all be wary of the the UK Press whom are, somewhat gleefully, doommongering the USA with their usual limited knowledge of facts and reason.

Remember these are the same ersatz economists who are predicting house price 'booms' for 2006. Here are a couple of facts you should ALL know:

1. house prices in the USA are very regional for example Houston houses are cheap by any western standards as you can see in the link below: this is a nice house in a nice area that most UK dinkies would dream of.

http://www.har.com/search/engine/indexdeta...=0&backButton=Y

The fact is there are many nice cities in the USA where you can live comfortably with good employment prospects. Overheated markets like San Francisco are not the norm but they do capture the headlines. Compare that with the UK where an average house looks like scum lives in it - by US standards.

2. Get this straight. Whick country has the largest oil reserves. Saudi right? ..... Wrong, it's the USA. They have a vast, untapped, resource waiting on a sustained oil price of around 35USD per barrel. The current estimate is the US is sitting on a 1.2 trillion barrel lake of oil and the only thing between the oil and market is acceptance that the environmental costs are acceptable. Tree huggers in the USA should be ashamed that they are the cause of this, and past administrations, medalling in the middle east. American paranoia about a loss of energy supplies has resulted in poor decision-making and simmering hatred amongst any Arab without the laughable title of royalty. As for Britains role in the mess remember who sold the arabs down the swannee during the second world war and then decided the arabs should ape the royalty model which has half of britain tipping their hats to vested interests that make estate agents look like vicars.....

Cor blimey, oow' is this bloke, oow' does 'e fink 'e is. The queen, god bless her, remember the war and ow she helped after the blitz! A mans 'ouse is is castle, even if it does 'ave a tiny rooms and has a carbunkle add-on to give the impression of an inside bog, er, i mean toylet.

Remember the founding fathers of the united states gave the youth of America the freedom to go surfing whereas the ruling elite of the UK gave you all the right to go serfing ! First there was the class war and now you have that and the intergenerational equity war to live with. Good luck matey's

;-)

Edited by bpw

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  • 332 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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