Thursday, Jan 11, 2007
Sabre-rattling from RICS
BBC News: Warning over home repossessions
Home repossessions could become more common if UK interest rates rise this year, the Royal Institution of Chartered Surveyors (RICS) has warned. Ho hum, just in time for the MPC meeting...
Posted by harold @ 09:32 AM (154 views) Add Comment
9 Comments
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1. Sm9ai said...
Hmmm, Just like clockwork, remind me what happens today?
2. tyrellcorporation said...
More regular than an atomic clock! I wonder if the MPC has RICS PR dept plumbed into their spam filter?!?
3. doomwatch said...
do these people really believe the BoE will factor in their pathetic little articles ?
4. autopilotengage said...
Bleat, bleat.
5. Surfgatinho said...
How gives a **** It's either many of us don't have a house because we can't afford one through circumstance or many of us can't afford a house through our own stupidity. Who do I feel sorry for, hmmmm?
6. bidin'matime said...
Well it did'nt work, did it...?!!
7. Inbreda said...
Maybe an admittance that it's their own stupid fault for not accounting for the fact that interest rates could rise would have been nice rather than expecting the rest of us to suffer for their stupidity.
""Unless the government builds more affordable housing, and raises the stamp duty threshold, many households will continue to struggle to access the housing market," he said. "
So is he saying that only idiots would buy at todays prices and that prices actually need to come down???? Surely then rate rises would be a good thing?
I think he needs to have a holiday and sort his thoughts out.
8. the bald man said...
If they are so concerned why do they keep putting ridiculous valuations on houses that support excessive lending.
9. C'mon Correction said...
Too true Bald Man.
The very people who have blown air into this massive bubble to serve their own interests, are now the ones complaining people are in danger from over-borrowing and that interest rates are too high.