This is not a subject I normally think much about, nor write about here. However, three reasons spring up to make an exception this time.

One: it’s Sunday and there’s not much else to write about. The second is that I’ll be plunging into the market for a property in Devon in the New Year. And three, an entry in Jason Calacanis’s blog suggests that market prices are collapsing in Southern California.

Joining up the dots : what happens in America happens in Britain a few months later. And what happens in California soon spreads to the rest of U.S.

Ergo, I could have timed my prospective foray into the market to perfection. And since this is the new Syntagma Towers we’re speaking about, it’s clearly a matter of global significance. We are after all a “Global Media Network” “widely-read Network Magazine” — with two more to follow.

The interesting point here is that the housing markets have been very strong both in the States and the UK for over a decade, and a main driving force in their economies. Currently, the British market, after a short lull, is picking up strongly again.

A crash in California should give us all pause for thought. “When a butterfy flaps its wings in the Amazon, a hurricane follows in Europe.”

Mind you, there must be trillions of butterflies in the Amazon rainforest. I just can’t remember trillions of hurricanes.