Tuesday, August 26, 2008
BBC chronicles housing bust in Northern California
The BBC released some great background on the US housing bust in Northern California. Two 20-minute audios of BBC reporter Michael Robinson give a very good on-the-ground feel for what is happening in the housing market in the US right now. Will Britain suffer similar damage? The falls may be as extreme, but do t lack of overbuilding I imagine Britain should escape the blight of massive enclaves of foreclosed housing subdivisions that dot the US landscape. Very sobering account.