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pah. this means nothing. property only ever goes up. and besides, they wont let it happen here. full employment. immigration. powerhouse of europe. blah blah blah.

It's all so obvious - its just incredible that ANYONE (no matter how thick, or how large their v.i.) can deny it anymore.

slippery when wet, this down-leg of the cycle.

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Kinda reminds me of a report that came out a couple of months ago stating that foreclosures had risen 800% in SoCal.

Will it happen here you ask? Of course it will, British sheeple are the best in the world, at being sheeple that is...

And SoCal is our mirror market don't forget:


Hideous spine-chilling laughter: wuh-huh huh huh huh haaaaah

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June 12 (Bloomberg) -- U.S. foreclosure filings surged 90 percent in May as more homeowners fell behind on their monthly mortgage payments, RealtyTrac Inc. said.


``Such strong activity in the midst of the typical spring buying season could foreshadow even higher foreclosure levels later in the year,'' Saccacio said in the report. That will add ``to the downward pressure on home prices in many areas.''

Errh, yes!

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Oh dear. I hope it's not catching. Working Lunch was a bit worrying today apparently too...

Missed it, saw daily politics. What was in it.

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