tag:blogger.com,1999:blog-11719208.post8722360867241766410..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: They still call it a "ladder"?Timhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11719208.post-23905391975699479242008-07-01T11:16:00.000-07:002008-07-01T11:16:00.000-07:00I've been to the U.K. many times over the last fiv...I've been to the U.K. many times over the last five years and have always been astounded by the resilience in their housing market since they have many of the economic problems that the U.S. has such as a low savings rate, budget deficits, trade deficits, etc. The London area has had lots of investment money and foreign money (Russians, Saudis, and others) chasing prices higher, but how well the outlying areas have held up just until a few months ago has been very impressive.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-7380083666616406062008-07-01T10:44:00.000-07:002008-07-01T10:44:00.000-07:00maybe a housing escalator, moving in a steady down...maybe a housing <A HREF="http://media.techeblog.com/images/escalator_1.jpg" REL="nofollow">escalator, moving in a steady downward direction</A>, would be more apropos?Anonymousnoreply@blogger.com