Wednesday, Feb 28, 2007
In the US, is the worst over?
The Indy Online__: As home values fall, is the US heading for the much-feared 'hard landing'?
A doom and gloom article which suggests the economic situation in the US might take a turn for the worst - a 'soft landing' might not happen afterall.
Posted by talking rot @ 11:22 AM (33 views) Add Comment
1 Comment
- 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.
1. Pedagog said...
"At the same time, rising interest rates were driving up mortgage repayments, eating up spare cash. Overstretched buyers, drawn into a red hot market by taking on over-large loans with teaser initial rates, would be forced to put their homes on an already overloaded market - adding to the downward pressure on prices, and perhaps dragging other squeezed mortgage holders over the brink."
Ring any bells?!