Monday, July 16, 2007

It’s ok, because the stock markets are up.

Mortgage meltdown or Daily Mail hype?

Quite a ullish article. Says that it's different this time because of diversification of risk, that UK housing won't follow the US because of supply, but doesn't explain builders' falling shares. Basically says "don't panic" in large friendly letters.

Posted by dohousescrashinthewoods @ 02:28 PM (483 views)
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One thought on “It’s ok, because the stock markets are up.

  • interesting article, the guy tries to keep the smile going but you can see that oh Sh*t in his eyes..

    you can increase prices all you like, but if people cant buy then what happens? keep increasing prices? Sure, lets market a squat in liverpool for 500 million quid and say there is demand hence price.. rubbish……………..

    This guy writes utter crap.. the market has to correct, as the last thing anyone wants is stagnant prices for 5 years, this will do more damge….

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