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America 29% v UK 20% .....be very careful !

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Comments

  • Wookster
    Wookster Posts: 3,795 Forumite
    bluey890 wrote: »
    I know. For any truce to take place, people need to want something and have something to offer. I do think both sides at times might enjoy it. ;)

    A reminder why I have him on my ignore list...
  • bluey890
    bluey890 Posts: 1,020 Forumite
    Wookster wrote: »
    A reminder why I have him on my ignore list...
    Everyone knows that you putting someone on 'ignore' means quite the reverse. ;)
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    I think the 29% figure quoted only tells half a story. I think its missed out that many US states (Kansas, Tennessee, Texas and many others) never really took part in the bubble at all, whereas others (Florida, California, Arizona most obviously) were much more bubble like. While there is a lot of sense in comparing the UK with the US, I think its also interesting to compare the UK with, say California - two entities that had really quite pronounced bubble conditions

    I think the slowness of the falls in the US, and the (comparatively) small drops are diluted by the non-participant states. Looking at California I think the rises and drops are much more pronounced. In all the bubble states I think the falls are greater than 40%. I think Los Angeles, Phoenix, Vegas, Sacramento have all had periods 25% year on year falls at various stages during this.

    I think the UKs falls will be more pronounced than the US as a whole, and more comparable with states that went through a similar bubble to the UK
    Prefer girls to money
  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    Googling around on this yesterday was surprised to see peak in Florida was as late as Dec 06, only a 9 month start on UK
    Prefer girls to money
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