These days, there is a blog for any ailment, even for buy-to-let investments gone bad. Take a look at this sorry tale from America. Here we have a couple who have lost $700,000 from the property market. Now I am waiting for the UK version of this story, written up in a blog.
Talking of the US housing market, recent data is just unbelievably bad. According to the US Commerce Department, housing starts dropped by about 4 percent in November compared to October while permits for future construction slid to a 14-year low.