Monday, September 3, 2007

it makes a good read

UK Housing Boom Leads The World

look at the difference between UK and USA.. it can only mean our crash will be much worse the last couple of lines the C word is mentioned... yes crash crash crash, now does the crash position have the same affect as brace position on a plane? break your neck???

Posted by mark @ 04:39 PM (768 views)
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7 thoughts on “it makes a good read

  • Come on Mark were second, weve been beaten by the Spanish, so were not even world leaders at HPI!!

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  • yeh but spain is crashing…lol soon to be cricklewood..

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  • Hey you guys ‘the bigger the boom the bigger the bust’ …… don’t believe me then look at Japan!

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  • I think these figures show an interesting picture a higher owner occupancy leading to higher prices.
    I did hear that Spain housing was going though a down turn with almost 50% fall in some areas, and some uilders going bust.
    Interesting to see 2007 prices coming into the statistics this year.

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  • I love the comment by the edior at the end about the Vested interests of the author, a well known property bear.

    I really hope that the Editor makes the same comments about the Vested Interests of property bulls (e.g. “the author owns a 5 bed house with a 200K mortgage and 3 BTL”. – I bet he does not.

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  • dohousescrashinthewoods says:

    “a deeply held national aversion to debt (partly caused by the economic disaster of the Weimar Republic)”

    This strikes me as the reason property will not recover for a few decades. When the current debt hangover abates (a decade or two in itself) the children of the current generation will be so averse to debt that it’s not until their children come along that we may see a recovery.

    After all, how long since the Weimar Republic? If you’re in property “for the long run”, better make sure this is the kind of “long run” you had in mind..

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  • I have to say though that Greece hasn’t experienced HPI as high as some other countries but it also has a very high level of owner occupation around 80%

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