over in US? yes we have heard that and the sensible of us also know your housing market has been wobbly for some time and have been clear it will happen here.. But we have a gambling attitude to our housing here and like all bull markets it is really over the top.
The mortgagee sales are just starting here. Sadly I am old enough to know what happens next. The US economy is so huge internally that it has way more reserves than us.
We have an extra problem here in that some think we shoud just keep bringing in immigrants to keep the figures rising......