The simplicity of the speech has meant that ordinary people in the US now understand what is going on, according to a thread on the biggerpockets.com forum which is usually highly critical of what has happened in the US property markets.
Bush has his critics. One side sees him as being responsible for the whole sub-prime crisis. But it was, in fact, Clinton who introduced the home ownership polices which have encouraged people to buy beyond their means.
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But general sentiment is summed up by one poster: 'I am not Bush's greatest fan, but I must admit the speech was good. It was a simple speech that allowed Joe and Jane American to finally grasp what is going on and how we got here,' writes real estate investor MatthewG.
But that leads to the next question – will it work? Property investors don't seem to think so. Wall Street is likely to benefit but not ordinary people but the risk of doing nothing would affect everyone. No one seems to be able to answer this key question just yet. 'Let's hope they don't run out of ink' perhaps sums it up.
For those with money to invest the Czech Republic is highlighted on the propertysecrets.net forum for various reasons. The credit crunch has pushed property prices down and developers are offering incentives like mortgages paid for the first year, discounts, free parking slots and financial bonuses.
Developers are undoubtedly feeling the pinch. Banks are introducing stricter lending for developers and are now demanding a minimum deposit of 30% and that some flats are sold before completion.
Banks are also tightening lending to property buyers and the volume of new mortgages has fallen by 20%. A depressingly familiar scenario but it does show there are good deals for those who want to invest.
While the number of domestic buyers are falling those from abroad are rising with interest from Russia, Ukraine and even Vietnam!
But the decline might be more worrying for those who already have investments in the Czech Republic. One poster points out that a report from the developers of White Tower is not just confusing but could affect investment prospects.
The report appears to indicate that capital growth which was predicted to reach 20 to 25% in 2008 has now been downgraded to 10%. Then it says that since the launch of this project prices have risen 2.5%. As poster Dave M says, the maths just doesn't add up and he is now wondering if he has 'bought a lemon'.
The banks in Poland are also tightening on lending criteria. Those with buy-to-let mortgages are being required to put a bigger deposit down and agree to new terms and conditions, according to another thread on the same forum.
Heritage preservation in Hong Kong is not something you hear about very much. But there is a big movement to save properties of importance. One, Queens pier, is mentioned on the skyscrapercity.com site but it certainly isn't a high rise.
This is a long but interesting thread which shows that piers, markets and other interesting buildings are under threat from developers wanting to build more skyscrapers which is not surprising given the shortage of land available in the former British colony.
One campaigner says Hong Kong is one of the richest cities in the world but when it comes to culture it is poorer than the third world.
It is clear that heritage is a hugely controversial subject in Hong Kong, but it is money that speaks. When the building you are trying to protect is one land worth billions of dollars it isn't hard to guess who the winners will be.
