UK House Prices -The next bubble waiting to burst ??
Little Beaker - Tue, 20 Dec 05 :
It is quite a funny argument - the energyi argument - saying house prices are overvalued because people (US, UK) are over-indebted (which I agree with, btw), but then saying they are investing in metals instead.
Call me old fashioned, but when it comes to priorities, what are people going to do first? Buy a plasma TV, gameboy, and new car, or ensure they have enough money to pay their house bills and keep their house? Metal prices, and oil prices, would go through the floor along with your poxy, useless, speculative exploration companies.
