A British expat in New York has written a very thorough debunking of myths about the United Kingdom housing market. Why do we care? Two reasons:
- Most of these same myths are employed here in our own California housing market.
- As I’ve pointed out elsewhere, the UK market appears to have followed a very similar pattern to that of Southern California, with about a 9 month lead time. So it behooves us to know what’s going on in the UK, as it might give us some clues as to what’s in store for CA.
The article is quite long, but since you’ll probably be reading it on your employer’s time I’m not too concerned.