Robert Gottliebsen: Trapped in America’s housing hell
With the aid of two experiences from the coalface, let me explain why US housing sales in July fell to a 15-year low and why markets are so nervous about the implications.
Yesterday I ran into an Australian who works for a prosperous American company which is a global household name. He has been transferred to a senior position in that company based in the US. He immediately saw good value in the housing market in the part of the America where he will be based, and he went into a major bank looking to fund the purchase of a house.


Leave a Reply