There's an long, long way to go for an awful lot of property to fall yet for most of the states and the uk. (the mortgage brokers association in the states, for example, reports today that 10% of mortgages that are not in foreclosure at the moment are delinquent...)
Property has an awful, grinding way back down to it's trend.
-----Added 5/12/2008 at 10 : 45 : 05-----
Oh, and don't bank (sic) on those interest rates, when the market starts to slide for the dollar - and it will - they'll be heading north in fine style.
if you can get something fixed atm, do it.
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"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
Last edited by tisonlyi; 12-05-2008 at 07:45 AM..
Reason: Automerged Doublepost
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