Housing

International Business Times: Housing statistics Statistics. Just for any permabulls out there clinging to the government’s postive stats. It seems they have found a little problem
Original post by cityfool

House Price Bookmark
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BBC: Cheap homes for sale? Documentary in which newly-married presenter Alex Riley finds out what it takes to climb on to the property ladder. Alex has a dream of buying a home for himself, his wife and possible future children, but as he embarks on a jaw-dropping journey he discovers nearly a million properties lying […]

Times: Persimmon says housing market will not worsen “We still have visitors coming to our sites who want to buy, but sales are worse simply because of the difficulty in getting a mortgage, …”. In other words house prices are still too high.
Original post by letthemfall

House Price Bookmark
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FT.Com: UK Homes For Rent Exceed Demand Supply of rental accommodation rose at its quickest pace on record in the three months to July, outstripping the increase in demand from tenants, according to the latest data from the Royal Institution of Chartered Surveyors……….
Original post by aje141269

House Price Bookmark
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PrudentBear: The Great Consumer Crash of 2009 I hate to tell you, but the storm has reached your location and it is a Category 5 hurricane. The levees are leaking. Ignore it at your own peril. The 6,000 sq ft McMansion buying, BMW leasing, $5 Starbucks latte drinking, granite countertop upgrading, home equity borrowing days […]

Global Economic Trend Analysis: M3 Contraction - The Future Is Now The Telegraph is reporting Sharp US money supply contraction points to Wall Street crunch ahead.
The US money supply has experienced the sharpest contraction in modern history, heightening the risk of a Wall Street crunch and a severe economic slowdown in coming months.
On a three-month […]

SOTT: Apocalyptic times for Britain’s economy The collapse of the property market has plunged one businessman into the gloomiest of moods.
Tim Wheeler, chief executive of Brixton, one of the country’s biggest warehouse owners, has adorned the cover of his half-yearly report with an illustration of the four horsemen of the apocalypse accompanied by the words […]

Enfield Independent: UK: Orange rugby ball-shaped UFOs seen in Winchmore Hill A stream of orange, rugby ball shaped UFOs making their way purposefully through the skies has been seen in Winchmore Hill.
Mystified Alison Moynihan, of Hillcrest, said she was watching television with her husband at 10.30pm on Sunday 10 when she first caught a glimpse […]

telegraph: “Nobody dares pinpoint the country involved because as soon as we do it will cause a market reaction and lead to a meltdown for the banks,” said the source. The latest data from the Bank of Spain shows that the country’s banks have increased their ECB borrowing to a record €49.6bn (£39bn). A number […]

Daily Mail: Every petrol pump ‘will be prepay by 2011′ A little bit of topic for this site but very very important all the same.
Here are some of the readers comments on the article in question.
“Another reason why people pay in cash is that they work in the ‘cash economy’. A side benefit of this […]