Tuesday, August 26, 2008

BBC chronicles housing bust in Northern California

The Housing Bubble and Bailout

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.

Posted by edwardnh @ 06:29 PM (510 views)
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