Britain: "Renting is the new buying"

Here’s some "housing doom" from across the pond:

 

Some things transcend international boundaries, and the housing boom and bust cycle seems to be one of them.

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4 Comments for this entry

  1. Hutch says:
    January 10, 2008 at 3:16 AM

    Here’s another UK doomer.
    http://www.ft.com/cms/s/0/39fe37f0-bee4-11dc-8c61-0000779fd2ac.html?nclick_check=1

  2. twist says:
    January 10, 2008 at 6:26 AM

    Hutch-

    The UK is set to be hit as hard or harder than the US is, and I think is headed downward at an accelerating pace.

    Another train wreck to keep an eye on.

  3. DianaK says:
    January 10, 2008 at 7:07 AM

    It’s not just the UK. They just happened to follow us closely. If you take a look at the international numbers for the housing market, this minimization of risk permeated through all the European countries & Canada.

    That’s why I don’t get why people are buying gold & other metals. As soon as the rest of the world realizes their CDOs/MBSs are just as “subprime” as ours, the dollar is going to go right back up relative to other currencies.

  4. danix says:
    January 10, 2008 at 5:09 PM

    DianaK, how would I find this information?

    Dan

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