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Reply #14: Mortgage bubble, relating UK and US [View All]

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(1000+ posts) Send PM | Profile | Ignore

Tue Jun-08-04 05:33 PM
Response to Reply #7

14. Mortgage bubble, relating UK and US

Edited on Tue Jun-08-04 05:35 PM by DanSpillane

With relative debt levels higher in the US than the UK, and a debt panic starting in the UK, do you think the US bubble is actually closer to popping than the UK? Or vice versa?

Home price levels in the US seem to have reached the final threshold of affordability--when income is stretched by the lowest possible interest levels to afford the highest possible home price. Seriously, statistics have started to show this.

What say you?

I just did a piece on some of the things you mention. The M3 rant escapes my analysis.

www.libertywhistle.us

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