Financial collapse for America? | Thread profile

Would I be right in assuming that people are mainly renting now instead of buying? Would it make sense for someone to buy a house and rent it out in the states?

I think is UK about to be hit as well. Blessings of Iraq and Afghan adventure by Double BB's.

Quote: Originally Posted by lahori I think we are seeing a collapse in the making! One thing led to another after the mortgage credit crisis and Bear Stearns, the 5th largest investment bank in the US has collapsed. Literally from $50/share a week ago to $2/share this morning. This is not only going to affect the US but the entire global market as ...

Quote: Originally Posted by lahori I feel for you man. My entire portfolio is in short indexes though so I benefit from the market drops. I'm not a pessimist in general when it comes to investments but this time enough is enough so I will not hesitate to go the opposite way. As far as 401ks are concerned, I would advise everybody to immediately ...

This whole affair is over rated by the media! Yes the American economy is in a downturn as shown by the liquidity crisis of Bear Stearns, and yes the British economy is showing signs of slowing growth, but from some of these media reports, you would guess we're in a full blown recession. Something needs to be done to restore consumer confidence. Mervyn King made an attempt today by giving ...

1 bedroom flat in london in the suburbs cost around $360000 in london. In central upwards of $600000. My uni mate's sister lived in an apartment off regents park and there flat was claustophobic hardly could get a single bed in and that was $700000. 3 bed terraced House in Leyton cost around $ 680000 - cheapest i have seen. Mind you these homes are small compared to the states! Prices...

Quote: Originally Posted by Toony™® The £ can go a long way! Not against the Euro it can't . If it falls any further say to around 1.10 which is possible, UK will be forced to adopt the Euro as its currency. Hmmm, maybe that was the plan all along!

CNN reported a 12% drop in housing market.