Turkeyburgers!I guess it is not even an invention from your side ... it may be there somewhere!
Like you said earlier ... you have not had "American" in school, so maybe there are more surprises for you down the road ... linguisticly!
I hope you get your house sold in England. Is it really that hard? I have a grandnice looking for a house there in the greater London area. Does that include your offer halfway geographically?
Good holiday!
GMatt
Or is it linguistically?? Well, at least it is not my first language, so I have an escape door open!
The market knows it too hence the fall in shares. Joe Public will slowly realise that his $400k house is now a $340k (if he can sell) and the neighbour's house hasn't sold in a year. Then market psychology will really turn.
Of course it will all come back in 2 years. I sold a house in 1996 which has gone up 350% since then and I had 1 viewer in 18 months and then 8 in 2 weeks when the market turned. They were fighting over it and threatening to sue if I didn't sell to them. Only the well heeled can sit it out and all our money is dead money until then....
Anyone who owns a house right now is losing big investment income less free rent and is carrying anxiety if they need to move
Anyone who rents has low anxiety about house prices turning up soon and has flexibility and investment income from bank interest which should cover their rent and much more if it goes into shares at the right level.
I am just thinking aloud and not lecturing but thats the way I see it
I will buy a DOW index fund at 12000 and stay in cash until then
I have stopped buying USD with my GBP until it hits 2.10 again
Think I will rent out that UK house after I become an expert on avoiding capital gains tax which is today's project
, you probably live around Leeds 
