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July 31, 2005
Will U.S. Learn From U.K. Housing Bust?
The U.S. also might learn from the Los Angeles housing bust of the early 1990s.
I've been telling friends they should purchase real estate if they can survive a 20-30% drop in prices for 4-5 years. Unlikey, but that's what happened in L.A.Can we learn from the British? A new article from the AP draws a parallel between the UK housing market in 2004 and the US market in 2005:
As in the United States, British housing prices began a big ascent in the late 1990s, and the gains were dramatic. But after peaking last summer, the market has cooled largely …
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Posted on July 31, 2005 05:43 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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