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Remember almost 2 3rds world cant even get a mortgage, or afford even the 1st monthly payment.

The Baltics and Bulgaria, big time falls. Just read yesterday China property is now falling fast.

<Edit: Add South Africa, 20% falls, France just started>

Edited by williamdb
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Waydaminute!

Are you saying that this is a....

Global House Price Crash?

The monetary and property investment excesses of the last 10 years were global , the financial system is global. More likely than not the credit crunch is / will be global and so will the HPC.

Those who excusively blame Brown & Co. for what is happening are missing the bigger picture.

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The monetary and property investment excesses of the last 10 years were global , the financial system is global. More likely than not the credit crunch is / will be global and so will the HPC.

Someone should set up a website about that!

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The monetary and property investment excesses of the last 10 years were global , the financial system is global. More likely than not the credit crunch is / will be global and so will the HPC.

Those who excusively blame Brown & Co. for what is happening are missing the bigger picture.

Yeah, brown is innocent, it is just a crash of major proportions.

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Yeah, brown is innocent, it is just a crash of major proportions.

I wouldn't go that far. At best he failed to foresee the problems and enthusiastically ramped the boom for political popularity (or to keep Labour in long enough that he could nab Blair's job).

I don't think his spending spree on the public sector was anything other than a genuine attempt to improve the conditions of the less well off. Not sure it was entirely successful or affordable though.

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I wouldn't go that far. At best he failed to foresee the problems and enthusiastically ramped the boom for political popularity (or to keep Labour in long enough that he could nab Blair's job).

I don't think his spending spree on the public sector was anything other than a genuine attempt to improve the conditions of the less well off. Not sure it was entirely successful or affordable though.

Thats the way i see it, but his mates are the ones to blame.

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I wouldn't go that far. At best he failed to foresee the problems and enthusiastically ramped the boom for political popularity (or to keep Labour in long enough that he could nab Blair's job).

I don't think his spending spree on the public sector was anything other than a genuine attempt to improve the conditions of the less well off. Not sure it was entirely successful or affordable though.

Agreed. The most generous thing you could say of him is that he was an 'innocent bystander'. Only problem is it was his job to do something about it.

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