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UK Getting Nailed by Housing Bubble Pop

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January 10, 2008 – Comments (2)

Thanks to Housing Doom for pointing this one out. 

2 Comments – Post Your Own

#1) On January 10, 2008 at 11:03 AM, saunafool (98.94) wrote:

Surprise, surprise, even if you pay too much for a house somewhere like England, you can still get squished.

Funny, last time I was there a few months ago, the news was full of stories about how there was a "shortage" of housing and therefore prices would rise until 2020. Again, I point out, if renting is cheaper than buying, there is no shortage of housing as a place to live, there may just be a shortage of properties on the market for sale to feed speculative demand. Once the reality of falling prices is recognized, a huge swath of speculative demand will mysteriously disappear, all those houses on the auction block will land on a market that no longer wants them, and within a few years, no more housing shortage. Instead, housing glut and much lower prices.

Great news for rentlosers everywhere!

I am in Spain right now. Prices falling here too. 

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#2) On January 10, 2008 at 10:09 PM, Allstar13913 (99.80) wrote:

Hey Bent, can I ask you a question?  How do I post pics/email in my blog posts?  I somehow got a youtube clip in once before, but I dont remember how I did it. :(  This is really annoying me, so if you could help me out, I would be very appreciative.


Thanks so much,

Allstar13913

Mike

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