Acrerage you know your comment is probably what most of cheer squad is hoping for. Its just on the crash they wish for, will they be able to access funds from banks and if thing get worse will a lot of the people wishing to get into the housing market be able to, with job loss reductions in hours worked and wages cut. I just find it interesting that with the calls a lot are making then thinking because house have dropped, a lot will step up to buy and gain entry. When its those looking to gain entry and are priced out are most vunerable in a big down turn to economic shock. All well and good to say houses will drop by 60%, will a lot be prepared for the economic devastation that follows with loss of jobs and economic growth. One pod may lose but how many of the other 5 pods will be economically be able to step up. Just like the US house are cheap but because ofjob lossesand unemployment not many can afford to buy because there out of reach.
