{"id":198572,"date":"2007-10-29T20:55:00","date_gmt":"2007-10-30T01:55:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/10\/29\/u-k-home-prices-decline-for-first-time-in-2-years\/"},"modified":"2007-10-29T20:55:00","modified_gmt":"2007-10-30T01:55:00","slug":"u-k-home-prices-decline-for-first-time-in-2-years","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/10\/29\/u-k-home-prices-decline-for-first-time-in-2-years\/","title":{"rendered":"U.K. Home Prices Decline for First Time in 2 Years"},"content":{"rendered":"<p>This <strike>subprime<\/strike>  mortgage default and derivative thing is not just effecting the united states.  They have already had what amounted to a bank failure, Northern Rock Plc, and the Bank of England raised its rate to 5.75% in July <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601010&amp;sid=aT8zwemxNjBM&amp;refer=news\">so the era of easy money in British real estate is over<\/a>.<\/p>\n<p>Seeing as how a lot of Brits have been bidding up properties in places like Spain for vacation homes, this contagion will spread.<\/p>\n<p>The only place possibly innoculated against this is Japan, since they just finished a 15 year long real estate crash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This subprime mortgage default and derivative thing is not just effecting the united states. They have already had what amounted to a bank failure, Northern Rock Plc, and the Bank of England raised its rate to 5.75% in July so the era of easy money in British real estate is over. Seeing as how a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,1265,1088],"tags":[],"class_list":["post-198572","post","type-post","status-publish","format-standard","hentry","category-europe","category-housing-crash","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198572"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198572"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198572\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}