Wednesday, May 2, 2007

Down, down, deeper down

Rents Peak in Housing Glut; New York Escapes Decline (Update3)

More U.S. problems. Is this really about supply and demand, or about the retraction of loose credit? Still, it won't happen here because the unaudited banks and other vested interests will keep telling us the market's rising at a 10 percent-a-year clip. It can't last for ever, though, eh.

Posted by bangybongo @ 07:50 PM (449 views)
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