why couldnt it happen here, page-36

uk prop specialist compares the difference between the US, UK and AUS........the US had a housing boom, they built thousands of extra houses. they already had a surplus.....represents 6.4% of GDP.....UK had no house growth..but the value represents only 4% of gdp,
and australia had no housing growth, both the UK and AUS have a deficit of houses.............
so the 30 plus % drop in the US will not cause the same drop world wide
the UK is factoring in a modest 10% decline due to the credit crisis.........but thats a small drop from its rise of over 300%......so uk houses will still represent a growth of 290%
hehehehehehehe
same old story but different players..........remember 2000 anyone.....they thought that was the top and sold out......well it did not stop until late 2003-2004 and still rising in some states now...........