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The nervous wait before the plunge
Is the UK housing rollercoaster about to drop? Every sign seems to be pointing down. The US experience shows what should have been obvious: house prices can fall without a recession as a trigger. But a more cheery view of the US housing meltdown is that the economy is still growing and consumers have hardly flinched – yet. And outside the subprime sector, homeowners will not default in droves purely because prices fall: it will take a wider recession to do that...
- Saved By: db99
- Tags: finance , money , real estate , uk , house prices , and property market
- Groups: UK News and UK Business.
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