Gerri Peev: House price crash across the pond
Here is a terrifying statistic for any home owner in America (as though they needed another negative indicator).
In the city of Detroit, America's car-producing capital, the median house price is now $7,500. I assure you there are no missing digits. That is the equivalent of around £5,300.
http://www.chicagotribune.com/news/nationworld/chi-detroit-housingjan29,0,5435392.story
The car industry across the pond is as affected as the banking sector in the UK. What will this eventually mean for house prices around Edinburgh and London if the rot is not stopped?
In the city of Detroit, America's car-producing capital, the median house price is now $7,500. I assure you there are no missing digits. That is the equivalent of around £5,300.
http://www.chicagotribune.com/news/nationworld/chi-detroit-housingjan29,0,5435392.story
The car industry across the pond is as affected as the banking sector in the UK. What will this eventually mean for house prices around Edinburgh and London if the rot is not stopped?
Labels: America, Edinburgh, Gerri Peev, house prices, London
posted by Administrator at
19:22
1 Comments:
If they were part of the UK that would have never happened.
Post a Comment
<< Home