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UK's Housing Market The 'Mother Of All Bubbles'

Posted by: Michael Dudley
Thanks to: Michael Dudley
11 October 2004 - 8:00am

Housing prices in Britain have risen so high and so quickly that experts fear a dramatic drop in prices is inevitable.

Despite the hope that prices might make a "soft landing" and gradually decrease, fears are growing that the loss in value could be rapid and considerable, with serious repercussions for the British economy.

Full Story: 'Mother of all bubbles' warning on house prices
Source: The Guardian Unlimited, October 8, 2004
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The following list shows the top 10 metropolitan statistical areas, as defined by the U.S. Office of Management and Budget, where commuting by public transportation has grown the most. None of them are among the nation's top 10 most populous metro areas, and yet seven are within the top 20.
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