Gordon Brown to UK homedebtors and speculators: "Don't panic - all is well, all is well". Meanwhile, the panic starts

One day these politicians will realize there's nothing they can do to stop the country-by-country housing crash.

It hath been foretold.

In the UK's case, what went up - really, really up, must come down - really, really down. And the fall in housing-ponzi-scheme Great Britain after the dust clears may be the worst the world will see.

Anyone want to predict peak-to-trough crash percent in the UK?

Put me down for 52%. And they won't hit bottom until 2015.

Don't panic, says Brown – as experts fear housing crash

GORDON BROWN yesterday insisted Britain's housing market crisis was "containable" despite a string of reports showing prices plummeting at their fastest rate since the 1990s' crash.

The Prime Minister sought to allay fears of a full-blown property slump after the country's biggest lender revealed an average price drop of 2.5 per cent during March – the biggest monthly fall since 1992.