Thursday, March 20, 2008

UK housing on bring of recession

UK could be on brink of a house price crash more severe than in the US, economists warn

House prices in Britain could be facing a crash more severe than the one in the United States, economists warned today

Posted by confused76 @ 09:39 AM (914 views)
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9 thoughts on “UK housing on bring of recession

  • This latest ‘news’ is from Roger Bootle’s outfit and we all know what he thinks on this subject! Good headline though.

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  • lucky no one on this site has a house I guess!!

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  • I have a detached house that is totally overvalued. I can take a drop of 80% no problem. I know that prices will drop by 60% at least. Lets get some sanity back. Bring it on baby.

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  • Newworlddisorder says:

    That “Fools” guys or girl, or guy who thinks he’s a girl or girl that thinks she’s a guy…. sounds a lot like a B.T.L who has been or is about to be SCREWED by the up ‘n’ coming HPC. They sound so bitter and sarcastic about their fate.

    Whether prices go up or down someone “wins”, its about time homes were affordable to all. If they have to crash then so be it.

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  • And your authority for this DB?

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  • sorry to ask a daft question daftboy….but if you feel/ know this will be the case why don’t you consider selling?

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  • @ Newworlddisorder said…That “Fools” guys or girl, or guy who thinks he’s a girl or girl that thinks she’s a guy

    you sound pretty screwed up man!! I love this statement ‘its about time homes were affordable to all’ A bit like Blair, who reckons he bombed Iraq for the good of humanity! Stop being in denial, if you want to profit from a drop in house prices just say so, no ones gonna hold it against you!

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  • planning4acrash says:

    This is being over egged. Only BTL will experience such a crash. Other bailed out ages ago and will benefit from
    Falling rent and falling prices.

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  • Loved that comment from the BTL landlord in Norwich who said that his outgoings were already higher then his rental income but he was relaxed about that because of the price rises of the last two years…

    Some people just don’t see it coming !!!!

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