Are you not contradicting yourself to suggest there may be problems in the system for mew, as your comment (below) appears to suggest that there is plenty of room for renewed optimism in the housing market, therefore surely mew would be only be a cause for concern if the housing index returned negative?
Fact is for there not to be a contraction in the housing market there will need to be some substantial improvement in the 'sold' figures NOT the asking prices.
'Trillions poured in by central bankers, more promised.
Credit crunch problems slowly subside and become background noise.......(despite cgnoa, RB and a few others fluffing it for all its worth).
Easing LIBOR rates.
Stock markets appear to have calmed remarkably from swinging wildly 5% up one day and 5% down the next to 1% or 2%.
Business and finance in particular return to something approaching normal business.'
QUOTE (expatowner @ Feb 19 2008, 02:28 AM)

Your signature "p.s. dont expect a pension". reminds me why property was the vehicle of choice for so many ordinary peoples financial game plans.
In a way like Eric's LIAR LOANS many folk were getting ripped off by pension companies, endowment policies, life assurance and the like and many turned to property as their safe haven.
If they have held their property without mewing they will be quids in.
If they have mewed then they will be in the do-dos.