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[quote=CA renter]Great find, qwerty!

Back during the early stages of the bubble, I used to read the UK bubble blogs because we didn’t have any here yet (other than the bullish, troll-infested WSJ blog) — thank you Rich, for fixing that!!! 🙂

What they’re saying makes perfectly good sense to me. They are 100% right.[/quote]

That’s interesting. I got the feeling CA was a little ahead of the curve. There is a site called housingpricecrash.co.uk which is big and well attended. I read the same stories as on here (well, on Piggs a while back) and Redfin’s forums etc. Seems Gordon Brown had the benefit of US hindsight and pulled the UK up by it’s socks, with very little real correction in prices. Be interesting to see how things play out there. London was always a good place to invest because of it’s strong rental market. I’m betting cap rates are around 2-3% for inner city apts now.

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[quote=CA renter]Great find, qwerty!

Back during the early stages of the bubble, I used to read the UK bubble blogs because we didn’t have any here yet (other than the bullish, troll-infested WSJ blog) — thank you Rich, for fixing that!!! 🙂

What they’re saying makes perfectly good sense to me. They are 100% right.[/quote]

That’s interesting. I got the feeling CA was a little ahead of the curve. There is a site called housingpricecrash.co.uk which is big and well attended. I read the same stories as on here (well, on Piggs a while back) and Redfin’s forums etc. Seems Gordon Brown had the benefit of US hindsight and pulled the UK up by it’s socks, with very little real correction in prices. Be interesting to see how things play out there. London was always a good place to invest because of it’s strong rental market. I’m betting cap rates are around 2-3% for inner city apts now.

[34f3f3f]

[quote=CA renter]Great find, qwerty!

Back during the early stages of the bubble, I used to read the UK bubble blogs because we didn’t have any here yet (other than the bullish, troll-infested WSJ blog) — thank you Rich, for fixing that!!! 🙂

What they’re saying makes perfectly good sense to me. They are 100% right.[/quote]

That’s interesting. I got the feeling CA was a little ahead of the curve. There is a site called housingpricecrash.co.uk which is big and well attended. I read the same stories as on here (well, on Piggs a while back) and Redfin’s forums etc. Seems Gordon Brown had the benefit of US hindsight and pulled the UK up by it’s socks, with very little real correction in prices. Be interesting to see how things play out there. London was always a good place to invest because of it’s strong rental market. I’m betting cap rates are around 2-3% for inner city apts now.

[34f3f3f]

[quote=CA renter]Great find, qwerty!

Back during the early stages of the bubble, I used to read the UK bubble blogs because we didn’t have any here yet (other than the bullish, troll-infested WSJ blog) — thank you Rich, for fixing that!!! 🙂

What they’re saying makes perfectly good sense to me. They are 100% right.[/quote]

That’s interesting. I got the feeling CA was a little ahead of the curve. There is a site called housingpricecrash.co.uk which is big and well attended. I read the same stories as on here (well, on Piggs a while back) and Redfin’s forums etc. Seems Gordon Brown had the benefit of US hindsight and pulled the UK up by it’s socks, with very little real correction in prices. Be interesting to see how things play out there. London was always a good place to invest because of it’s strong rental market. I’m betting cap rates are around 2-3% for inner city apts now.

[34f3f3f]

[quote=CA renter]Great find, qwerty!

Back during the early stages of the bubble, I used to read the UK bubble blogs because we didn’t have any here yet (other than the bullish, troll-infested WSJ blog) — thank you Rich, for fixing that!!! 🙂

What they’re saying makes perfectly good sense to me. They are 100% right.[/quote]

That’s interesting. I got the feeling CA was a little ahead of the curve. There is a site called housingpricecrash.co.uk which is big and well attended. I read the same stories as on here (well, on Piggs a while back) and Redfin’s forums etc. Seems Gordon Brown had the benefit of US hindsight and pulled the UK up by it’s socks, with very little real correction in prices. Be interesting to see how things play out there. London was always a good place to invest because of it’s strong rental market. I’m betting cap rates are around 2-3% for inner city apts now.

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I thought this one was interesting. Still very much in embryo, but a sort of tea party for housing bears. http://www.facebook.com/group.php?gid=104936389547036

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I thought this one was interesting. Still very much in embryo, but a sort of tea party for housing bears. http://www.facebook.com/group.php?gid=104936389547036

[34f3f3f]

I thought this one was interesting. Still very much in embryo, but a sort of tea party for housing bears. http://www.facebook.com/group.php?gid=104936389547036

[34f3f3f]

I thought this one was interesting. Still very much in embryo, but a sort of tea party for housing bears. http://www.facebook.com/group.php?gid=104936389547036

[34f3f3f]

I thought this one was interesting. Still very much in embryo, but a sort of tea party for housing bears. http://www.facebook.com/group.php?gid=104936389547036

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I read a book a while back that suggested the bond market is the surreptitious driver of everything. However, my understanding is that a huge pool of cash was chasing better rates than US Treasuries were providing, and that it was MBSs and CDOs that filled this gap. The rest is history.

California is probably a bit of a unique case, and since the effects of both the subprime crisis were magnified it’s perhaps not surprising that government intervention has had an exaggerated effect.

Emotions have a habit of driving one’s point of view, but a snap shot of where we are currently still paints a sullied picture, which may not be ever-worsening, but is still never-lessening. I’m speaking of jobs and foreclosures, and hedged predictions by many eminent pro’s of a double dip. While you may ignore this at your peril, it’s not possible to say with real certainty where things will go from here.

[34f3f3f]

I read a book a while back that suggested the bond market is the surreptitious driver of everything. However, my understanding is that a huge pool of cash was chasing better rates than US Treasuries were providing, and that it was MBSs and CDOs that filled this gap. The rest is history.

California is probably a bit of a unique case, and since the effects of both the subprime crisis were magnified it’s perhaps not surprising that government intervention has had an exaggerated effect.

Emotions have a habit of driving one’s point of view, but a snap shot of where we are currently still paints a sullied picture, which may not be ever-worsening, but is still never-lessening. I’m speaking of jobs and foreclosures, and hedged predictions by many eminent pro’s of a double dip. While you may ignore this at your peril, it’s not possible to say with real certainty where things will go from here.

[34f3f3f]

I read a book a while back that suggested the bond market is the surreptitious driver of everything. However, my understanding is that a huge pool of cash was chasing better rates than US Treasuries were providing, and that it was MBSs and CDOs that filled this gap. The rest is history.

California is probably a bit of a unique case, and since the effects of both the subprime crisis were magnified it’s perhaps not surprising that government intervention has had an exaggerated effect.

Emotions have a habit of driving one’s point of view, but a snap shot of where we are currently still paints a sullied picture, which may not be ever-worsening, but is still never-lessening. I’m speaking of jobs and foreclosures, and hedged predictions by many eminent pro’s of a double dip. While you may ignore this at your peril, it’s not possible to say with real certainty where things will go from here.

[34f3f3f]

I read a book a while back that suggested the bond market is the surreptitious driver of everything. However, my understanding is that a huge pool of cash was chasing better rates than US Treasuries were providing, and that it was MBSs and CDOs that filled this gap. The rest is history.

California is probably a bit of a unique case, and since the effects of both the subprime crisis were magnified it’s perhaps not surprising that government intervention has had an exaggerated effect.

Emotions have a habit of driving one’s point of view, but a snap shot of where we are currently still paints a sullied picture, which may not be ever-worsening, but is still never-lessening. I’m speaking of jobs and foreclosures, and hedged predictions by many eminent pro’s of a double dip. While you may ignore this at your peril, it’s not possible to say with real certainty where things will go from here.

[34f3f3f]

I read a book a while back that suggested the bond market is the surreptitious driver of everything. However, my understanding is that a huge pool of cash was chasing better rates than US Treasuries were providing, and that it was MBSs and CDOs that filled this gap. The rest is history.

California is probably a bit of a unique case, and since the effects of both the subprime crisis were magnified it’s perhaps not surprising that government intervention has had an exaggerated effect.

Emotions have a habit of driving one’s point of view, but a snap shot of where we are currently still paints a sullied picture, which may not be ever-worsening, but is still never-lessening. I’m speaking of jobs and foreclosures, and hedged predictions by many eminent pro’s of a double dip. While you may ignore this at your peril, it’s not possible to say with real certainty where things will go from here.

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