Curb Zone - View Single Post - Global Urban Property Boom -- Is it out of control?

450SEL6.9 · 03-18-2007, 01:23 PM

I have been so busy lately and haven't logged in. How's it going, Rob? My username has been amended slightly because my old one doesn't work any longer! Maybe I'll ask the mods to fix that for me.

That article typifies everything that is wrong with the property market, especially in the USA. The source is Jones Lang Lasalle, a firm whose profits are tied to the health of the property market. Housing in the U.S. is in trouble because an alarming percentage of mortgages are subprime and held by homeowners with the worst possible credit! The only people calling a bottom to the American housing downturn work for organizations with a vested interest in having a strong real-estate market.

03-18-2007, 01:23 PM	#4 (permalink)
450SEL6.9 Inactive Account Join Date: Oct 2005 Posts: 825 My Mood: Thanks: 57 Thanked 60 Times in 54 Posts	Re: Global Urban Property Boom -- Is it out of control? I have been so busy lately and haven't logged in. How's it going, Rob? My username has been amended slightly because my old one doesn't work any longer! Maybe I'll ask the mods to fix that for me. That article typifies everything that is wrong with the property market, especially in the USA. The source is Jones Lang Lasalle, a firm whose profits are tied to the health of the property market. Housing in the U.S. is in trouble because an alarming percentage of mortgages are subprime and held by homeowners with the worst possible credit! The only people calling a bottom to the American housing downturn work for organizations with a vested interest in having a strong real-estate market.