Austin Allegro Posted October 5, 2008 Share Posted October 5, 2008 It does make you realise how bad it is over there. I do wonder how many of those were people who couldn't pay the mortgage as it switched to a much higher rate, or who just lost their job. I just don't see it getting that bad over here though, theres no-one going to switching up to 8-10% as happened in the US. American society is based on self-reliance and individual responsibility for one's own actions; we don't have that here. I doubt if we'll ever see large scale repos in the UK; the wailing and gnashing of teeth will be so great that some socialised bailout of enormous proportions will be forthcoming. Quote Link to comment Share on other sites More sharing options...
Taylorrian Posted October 5, 2008 Share Posted October 5, 2008 You get a whole lot more house for your cash over there. $189 (£110k) gives you a lot. As has been mentioned, the running costs are prohibitive. Always had a good time in the USA, but the grass is always greener... Quote Link to comment Share on other sites More sharing options...
Bear Monger Posted October 5, 2008 Share Posted October 5, 2008 That was incredible . Things couldn't get that bad here, could they?! Quote Link to comment Share on other sites More sharing options...
thombleached Posted October 5, 2008 Share Posted October 5, 2008 That was incredible .Things couldn't get that bad here, could they?! *cough* Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted October 5, 2008 Share Posted October 5, 2008 Things couldn't get that bad here, could they?! No we are well placed to weather the storm. Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted October 5, 2008 Share Posted October 5, 2008 That was incredible .Things couldn't get that bad here, could they?! it is incredible isn't it, fwiw no I don't think it will get that bad here in the UK. We build roughly 120k units a year the US at its peak did (iirc) 1.5mil. Quote Link to comment Share on other sites More sharing options...
notthereyet Posted October 5, 2008 Share Posted October 5, 2008 Half of all sales in S.Cal last month were repos....who buys the repos? There's your bottom perhaps... FTBs Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted October 5, 2008 Share Posted October 5, 2008 FTBs Like your thinking. Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted October 5, 2008 Share Posted October 5, 2008 (edited) The mighty Colorado has flowed into the Pacific for millions of years. In the 70 odd years since the Hoover Dam was built, and cities like Las Vegas flourished, it has dwindled to the point that it no longer reaches the ocean. Incredible - all the water goes to keep lawns, gold courses green and also to provide drinking and swimming pool water in a desert - complete nonsense. Wow, never seen it put into context like that before Edited October 5, 2008 by Converted Lurker Quote Link to comment Share on other sites More sharing options...
Y-QUERK Posted February 12, 2009 Share Posted February 12, 2009 Update: Episode 119 http://kcet.org/socal/2009/02/socal-connec...pisode-119.html Quote Link to comment Share on other sites More sharing options...
Minderbinder Posted February 12, 2009 Share Posted February 12, 2009 The area is called "Inland Empire" and is in Riverside/San Bernadino counties in SoCal. Quote Link to comment Share on other sites More sharing options...
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