Thursday, December 27, 2007

Things going seriously pear shaped across the pond

House prices in US fall at record rate

But apparently due to an influx of Polish strawberry pickers combined with sound fundamentals, homes here according to some sources will go up by 1% in 2008.

Posted by sovietuk @ 10:01 AM (748 views)
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2 thoughts on “Things going seriously pear shaped across the pond

  • tyrellcorporation says:

    Many commentators in the States are now seeing the bottom at around 5 years from now! Absolutely amazing that (so far) we’ve seen hardly any of this. It just goes to show we’re probably even more stupid that the average American when it comes to personal finance!

    This guy sees a US consumer led recession is now unavoidable.

    http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vONKGcIK8kcw.asf

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  • Quite a change from a few months ago when most experts were saying there would be no housing slowdown at all!! Give it 9 months to a year and exactly the same things will be happening here.

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