It's nice to be out of the UK for a bit - I swear every bloody program on TV there is "housing ladder" and "flip this house" and assorted other housing porn.
Late last year, you could feel the panic. Panic to get on the "housing ladder" or forever be priced out of the market.
Stories about kids and strangers teaming up to buy, four to a flat. Stories about 125% loan-to-value loans. Stories about 5-times income lending. Stories about couples who had no money left over after paying their mortgages.
And I think we all know what's coming next for the Brits - A historic real estate crash that will make the US's housing crash seem like a Sunday tea party.
The UK housing crash of 2008 - 2015 will be one of the largest financial collapses in recorded human history. And it won't stop at the UK's borders - with property-mad Brit spreading their housing ponzi scheme cancer throughout the EU, this crash will take us so many places you'll be amazed. Spain, Bulgaria, Lithuania, Portugal, Slovakia, Ireland and more... Wherever the Brits went, a crash will follow.
Enjoy this in-depth video from Panorama, and enjoy the UK taking over from the US as the failed housing gambler capital of the world.
Late last year, you could feel the panic. Panic to get on the "housing ladder" or forever be priced out of the market.
Stories about kids and strangers teaming up to buy, four to a flat. Stories about 125% loan-to-value loans. Stories about 5-times income lending. Stories about couples who had no money left over after paying their mortgages.
And I think we all know what's coming next for the Brits - A historic real estate crash that will make the US's housing crash seem like a Sunday tea party.
The UK housing crash of 2008 - 2015 will be one of the largest financial collapses in recorded human history. And it won't stop at the UK's borders - with property-mad Brit spreading their housing ponzi scheme cancer throughout the EU, this crash will take us so many places you'll be amazed. Spain, Bulgaria, Lithuania, Portugal, Slovakia, Ireland and more... Wherever the Brits went, a crash will follow.
Enjoy this in-depth video from Panorama, and enjoy the UK taking over from the US as the failed housing gambler capital of the world.
