Originally Posted by fredblack 2

Le Moore..Not sure if I buy this mortgage crash business and the housing market is no different than any other..irrational moved by whim and extreme speculation predicting worse case scenarios at both ends of the spectrum. Sure there may be a correction but crash not to sure about that...and even if there is it will be concentrated within certain sectors and regions..

True to say some people are going to get burnt especially those who went crazy during the buy to let days and they tend to be a particular type of business person pursuing a particular type of strategy...People going from owning one home to fifty in next to know time on the assumption that honey lasts for ever, as well as first time buyers...But personally I don't buy the crash and burn scenarios particular analysts like to come with...