House Prices Drop US/UK Housing Crash? Subprime Bubble

Daily Mail: http://www.dailymail.co.uk/news/article-1108023/Dawn-deflation-How-cost-living-falling-2-4.html The cost of living has begun to fall as the cut-throat high street price war finally delivers real savings.
The average fall of 2.4 per cent in the shop price index compiled by the British Retail Consortium is the biggest in its three year history.
It shows that deflation –an annual fall in prices - has arrived.
The price of all non-food items, such as clothes, electrical goods, furniture and others, was an average of 2.4 per cent lower in December than a year ago.
The massive Christmas sales, which have run on into January, are delivering significant falls in the cost of living. Books, CDs and DVDs, electrical items, sofas, expensive televisions and home computers are all cheaper than a year ago.

Original post by little professor

Times: I’m here to help, says Gordon Brown on tour to see nation’s suffering ‘I am here to help’, this ‘is a global financial crisis’, nothing to to with me. Article has some interesting Derby statistics at the bottom including personal bankrupcies up 98% on 2007, repossessions up 78% on 2007 and only 5% of people would even consider selling their house in 2009.

Original post by enuii

CNN: Porn industry seeks federal bailout WASHINGTON (CNN) — Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.

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Original post by flintster1994

Times Online: Punish savers and make them spend money Near-zero interest rates and even a tax on bank deposits are necessary to force those with cash to use it productively

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Original post by mrmickey

Telegraph: Prime country homes see record price falls, Knight Frank estate agents finds “Most desirable areas have plunged by more than 20 per cent, according to the estate agent.” Where I am in Kent, Sussex, most properties have been taken off the market.
Once lower prices are acheived by friends and neighbours, the psychology of those keeping up appearances will lead to capitulation and allow more people to rethink acceptable valuations, comforted by the knowledge that they’re not alone.

Original post by lukeskywalker

MailOnline: Luxury home firesale: Owners of manors and farmhouses ‘may need to cut prices by 25 per cent’, says estate agent Owners of luxury homes could be forced to slash prices by 25 per cent or more to find a buyer, a report warned yesterday.
‘Prime’ manors, farmhouses and country cottages are all being hit, according to upmarket estate agency Knight Frank.

Original post by v stor

CNN.com: Pricing in a jobs apocalypse NEW YORK (CNNMoney.com) — There is no way around it. This is the worst job market in years and it’s going to get even tougher.

Original post by v stor

totaljobs.com: Job details - Property Negotiator Says everything about EA’s: no qualifications needed!
The Eastleigh office of a global estate agency is looking for self motivated and experienced agents, to build a strong personal portfolio in the region.
The right candidates will be responsible for the entire sales process, from valuing properties, advertising, viewings and completion.
Full training on company procedures will be given, with ongoing support and resources.
The right candidates will benefit from taking 70% of the fees they earn, and with an average of £2-3k per sale, theres a lot of money to be made!! The positions are commission only, which is reflected in the flexibility and earning potential of the roles, with some agents earning £100k plus!!

Original post by tyke

TimesOnline: Intel left reeling as sales drop by a quarter Intel, the world’s biggest microchip maker, stunned Wall Street after warning that sales had plunged by almost a quarter as global demand for laptops and mobile phones dried up.

Original post by v stor

FT.com: Investors shun German bond auction Investors shunned one of the most liquid and safest assets in the world on Wednesday as a German bond auction failed in a warning for governments seeking to raise record amounts of debt to stimulate their slowing economies.

Original post by v stor