tag:blogger.com,1999:blog-18675105.post2251146577918921701..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Cash-back mortgage fraud. Builder incentives masking values. Duped appraisers and lenders. Inflated values. Sounds like the US but it's the UK!bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-18675105.post-2770610940048797112008-02-08T20:17:00.000+00:002008-02-08T20:17:00.000+00:00Ooh, good. Before it was Channel 5, but now we've...Ooh, good. Before it was Channel 5, but now we've gone mainstream on Panaroma. Excellent! <BR/><BR/>Another wave just crashed ashore...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40012872757014581522008-02-08T15:18:00.000+00:002008-02-08T15:18:00.000+00:00Europe will be much worse than the US. I remember ...Europe will be much worse than the US. I remember the 70sf closet masquerading as an apartment that sold for $300,000 or so?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32603838629355187202008-02-08T15:10:00.000+00:002008-02-08T15:10:00.000+00:00Talk about taking it up the wazoo! Pay 175K (is th...Talk about taking it up the wazoo! Pay 175K (is that like DOUBLE in U.S, dollars?) valued at 200K (she got a bargain, right!,) sell at 75K. OUCH!<BR/><BR/> Notice that the new owner plans to rent it out for 600 a month. Do you think that he was being very polite (while laughing his a$$ off inside) when she asked what he thought about renting for 1200/mo.<BR/><BR/> I wonder how large those London banker's bonuses will be this year?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-35831046754740170032008-02-08T12:43:00.000+00:002008-02-08T12:43:00.000+00:00Sure is worse. The chart around these parts has be...Sure is worse. The chart around these parts has been on a plateau. How great if prices could normalize in 1.5 years. But they are just creeping down compared to the meteoric rise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-39891101922428739362008-02-08T10:07:00.000+00:002008-02-08T10:07:00.000+00:00She paid 170k pounds and less than two years later...She paid 170k pounds and less than two years later it was purchased from the bank for 74k. Almost a 200k haircut it dollars. Nice!Anonymousnoreply@blogger.com