I'd like to welcome you to my blog and will begin by explaining
why I'm here and what I'm doing. As a student at Queen’s
University I have been asked to create a blog. Now as an average or at least
what I consider average, university student from Northern Ireland blogging has
never been something I considered a hobby but as part of my Money and Banking
module for my Masters in Accounting and Finance I have been asked to do
so.
With the various and open ended topics
given I have chosen to take a look at the UK housing bubble for a number of reason.
Firstly I believe housing can be a real money maker and a sound investment if
you do your research and it is most certainly something I would like to be
involved in when I have the capital to do so, and after all who doesn't want to
make more money? Secondly I have many questions I want to ask, and I will
hopefully find my answers out there, whether it be through the Internet,
academic journals, textbooks, the newspaper or the news. Finally I want to
compare how the UK housing market and the housing markets across Europe and
the rest of the world are matching up in comparison.
What does this blog set out to do? I will
briefly look at the history of bubbles, specifically housing bubbles, and I
will be focusing primarily on the UK housing bubble and where we are today. I
will glace at how the American housing bubble and global recession has affected
the performance and recovery of housing in the UK. Key areas I aim to address
are the "mini-economies" across Britain, the likes of Aberdeen and
London where the recession was hardly felt and how housing was affected there.
I will finalise by drawing back a comparative analysis to Northern
Ireland and present my conclusions.
Now at this point I’m not sure if my peers
are interested or motivated by the concept of writing a blog but I feel this
could be an interesting journey to keep myself motivated and up to date in
parts of the economy that interests me and this could well develop into
something more than coursework but a hobby instead. Let’s see how this turns
out I suppose…..
