Sunday, July 29, 2007
More house price falls
In no other country (I mean civilized country) the attention of the media could be turned so quickly from the human cost of the flooding to the repercussions on property market. Brick and mortar is a national obsession, people need mental help! On another note, this story shows the inherent fragility of the "brick and mortar", there is basically no inherent value in housing... you cant get an insurance policy? no value left! Keep investing all your pension in property, yes keep going, solid as "brick and mortar"! Just hope it does not rain!