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Old 10-03-2008, 02:08 PM
Fizzypopp Fizzypopp is offline
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Join Date: Jan 2007
Location: London Canada - and the UK
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Default Current state

Despite what the media states the market is pivotal. If the UK or anywhere in Europe thinks it will get away with no affect it is probably wrong. The credit crisis - which is now self - fullfilling is getting worse. Many in the North American sphere predicted it would over 2008 and into 2009. The UK and Gordan Brown' army of supporters still think he can pull it out of the hat. The only option he has is to pull more debt out of the bag and push the UK into a more difficult position later on. Without 125% mortgages and with a lowering profit margin due to increased costs there is only one option that makes sense. A complete slowdown. History says this is impossible. A crash is more likely. Why. Not just because of the basics that there is not enough money to be had without borrowing it - but also we now see -- right up to the corporates and realisation that something is going to give. The UK government on one had say it will be OK -- not to worry, while they are pulling the plug on projects left and right because even they cannot raise the capital to proceed. That is due to the lack of confidence in the markets to proceed and stabilse.

If it is best to buy in the middle of this coming crash it is not yet there. It took years to fully entrench in all previous crashes - why does the media think that it will happen in a couple of months and then turnaround.

It just escapes me at the moment.
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