Housing Crisis 55 Responses

Last post: 4 years, 9 months ago | Thread started: Sep 22, 08, 8:50 a.m.

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• ian00

  I listened to this over the weekend. I highly recommend it to anyone who wants an objective, thorough break down of how we got in the mess that we are in.
  http://www.thislife.org/Radio_Ep…

  Sep 22, 08, 8:50 a.m. – Permalink

• 23kon

  Yup,
  The credit crunch we are seeing in the UK is a knock-on effect from the american banks folding or tightening their purse strings.
  Thats another fine mess you got us into america
  

  

  

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  Dog-earSep 22, 08, 9:15 a.m. – Permalink

• sherman

  Anyone actually save some money and are looking for a place? seems like a good time to buy.

  • no sir, impossible to get a mortgage here atm. also prices will continue to drop for a while yet.– kingsteven

  

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  Dog-earSep 22, 08, 9:28 a.m. – Permalink

• lvl_13

  listening to it now...

  

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  Dog-earSep 22, 08, 9:31 a.m. – Permalink

• _salisae_

  this is a link i pasted in the americans thread but just for good measure i'll post it here as well. very important aspect that everyone is kind of skipping over.

  http://www.NPR.org/templates/sto…

  

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  Dog-earSep 22, 08, 9:32 a.m. – Permalink

• designbot

  Yeah heard this awhile back...pretty good.

  It will continue to fall imo, most housing prices are still much higher than the average income can afford. Anybody else see the problem? I honestly think the days of purchasing a home, and calling that an "investment" are over. The thing that kills me is that they are continuing to build these cookie-cutter houses everywhere....these builders are going to be in such a heap of shit, I bet they are going to begging people to buy these houses in the future. I also notice all these new homes are huge...how about building a "normal" size house that more people would be interested in and can actually afford. Such a waste of resources. I also see these big office buildings everywhere that are completely vacant, brand new nice buildings...and they can't get any businesses into them.

  If only we all got raises every time inflation went up.

  

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  Dog-earSep 22, 08, 9:37 a.m. – Permalink