Saturday, Jun 24, 2006
Where is the housing crash?
Moneyweek: Where is the housing crash?
The last housing crash happened over a seven-year period, much like a falling line of dominos. So far, our domino effect has halved mortgage equity withdrawal, the rate of personal spending and economic growth in the space of just a few months.
Posted by Steve @ 11:29 AM (197 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Geed said...
A thorough and interesting post. The financial advice in this article is pure "common sense". Ironically its the lack of financial "common sense" which has lead us into this mess.
"If you or anyone else you know is buying a house right now, make sure you can comfortably cover the mortgage payments – even under adverse circumstances. If you can’t, you’re paying too much and that could spell trouble ahead."
My Dad taught me this when I was 10.
A perfect example of how we have forgotten financial fundamentals, its not rocket science but greed is all conquering. I can only imagine that such truthful articles will be appearing more frequently in the press as the latter half of 2006 rolls by. Reality will dawn for many.
2. tyrellcorporation said...
This article is like therapy for me! :)