July 26, 2007
Just wait. The Brits ("get on the housing ladder!") were even more housing-speculation obsessed than the Americans. And they polluted all of Western and Eastern Europe with their get-rich-quick schemes.
But now, the Great European Housing Crash begins.
It's strange moving from US-housing-bubble-central Arizona to Worldwide-housing-bubble-central England. If only you could see what I've seen.
You live in historic times HP'ers. Tulip Bubble, South Sea Bubble, NASDAQ Bubble, Worldwide Housing Bubble. This one will be studied for thousands of years.
Oh, the folly of man. Will we never learn?