Quote:
Originally Posted by GreyWolf
OK.. the home market is crappy, but likely to get worse and that has it's own ripple effect. But... more ripples can come from other countries - eg.. smell the overpriced UK home market is going to take a hit next - and the UK was a traditionally high investor in US markets - so can see a ripple from there. It's a vicious cycle and going to be seriously hard to stop.
|
We are all ready seeing the housing market over here slow down and we also have record numbers of people having their houses repossessed, so the rippling effect is allready being felt over here.