Quote:
Originally Posted by halfpint
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.
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Yep.. can see it's not good news there halfpint and banks/mortgages companies have been playing the sub-prime market.
Always thought there are three countries with "hyped" properties which are going to be possible problem areas - and in this order: USA, UK and Canada.
US we know about and the UK is showing signs - Canada is a long way behind and having a reasonable economic outlook so maybe not a future problem.
PS Got the "aura" of problems ahead in the UK market last year and sold a house there - but, was maybe a few months too early in selling - it could have increased a bit more in value
But hell - it was a very good run and that property increased many times in value - so can't moan.