Our house (was our castle and our keep … )

 EmailPrint This Post Print This Post

As stated before, the unwinding of the US housing situation has some way to go still before the system rids itself fully of all the excesses accumulated during the multi-year upswing. The following graphs from good friend Martin Barnes, managing editor of BCA Research, vividly illustrate the point.


 

But what about the UK residential property market? Is this a scary monster or am I missing something?

   

Source: www.housepricecrash.co.uk 

Admittedly the demand-supply situation in the UK looks entirely different to that of the US, but whether that is enough justification for the relentless surge in prices is another question. 

 

Source: The Economist

The following video, narrated by a person only known to me as Gordon, casts some sobering light on the issue.

[youtube=http://www.youtube.com/watch?v=2B1HJ3INc5k]

Before we all head for the highest bridge or tallest building, I dug out this video from a while ago on the previous UK housing slump done by Spitting Image as a spoof of the Our House hit by Madness.

[youtube=http://www.youtube.com/watch?v=2t8YTvdYXws]

More on this topic (What's this?) Read more on U.S. Housing Market, CORPBANCA at Wikinvest
OverSeas Radio Network

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  

  

  

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

June 2007
MTWTFSS
« May Jul »
 123
45678910
11121314151617
18192021222324
252627282930 

Feed the Bull