Friday, Apr 20, 2007
Guardian using the 'Crash' word
Guardian: Lenders pull fixed-rate mortgages. Is a housing market crash coming?
V interesting article, mentions lots of important names stating the market is over-hyped, even covers a piece on this website.
Posted by wsn03 @ 09:48 AM (167 views) Add Comment
9 Comments
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1. fahrenheit451 said...
OK interesting, starts off well but then looses the plot.
They completely fail to mention that there were 2 World Wars, and complete shift in workforce patterns, a total restructuring of the Social Class system (although HRH still lives in the dark ages), and just a bit of inflation as well. If somebody can put all this toghether and come out with a rational article or thesis it would make better reading.
2. Davros said...
It's good to see the mainstream talking about this stuff now. I'm beginning to feel people are starting to expect a crash, which itself is a self fulfilling prophesy.
3. Sam said...
yeah, the last bit it just titilation. I mean, they suggest the £1m house is still on the cards - what they dont' add is how much it would go down in value if the market was to crash say 10, 20, 40, 50% - I mean imagine 'losing' £500K in the value of you home!!!
4. Scott said...
I agree with fahrenheit. I was half expecting the article to refer back to the plague and talk about how 1 in 3 people died from it and how it freed up capacity to buy, although buy to let was difficult because tenants were dropping dead, not to mention the fire that followed.
Perhaps we could go even further back to the stone age where men would fight with clubs over ownership of caves. Just goes to show there were estate agents even before prostitutes, and the respective professions are looked upon with the same discontent.
5. Cheekie Charlie said...
"The investment bank ABN Amro this week issued a Home Truths research note declaring that UK housing was 50% overvalued. Prices, it said, had become "detached from fundamentals" and "a housing market collapse will undermine confidence in sterling, preventing the Bank of England from cutting rates and prolonging the downturn".
6. doomwatch said...
I'm sick of hacks referring to individuals who believe the UK property market is over priced as doom-mongers. They really
are cretins and the peddlers of false wealth VI bullspin.
7. Shipbuilder said...
"However, Halifax and Nationwide said they did not expect base rate to rise above 5.5% and, while predicting a slowdown, were not anticipating a crash."
Talk about a stuck record.....
8. David20040_0 said...
"""""The website housepricecrash.co.uk, the spiritual home of property market pessimists, launched in 2003 but its founder sold out last year as the predictions failed to materialise. However new owner, Brendan McLoughlin says the site has enjoyed its busiest ever traffic over the last week."""""""""
Even the original founder of this site doesn't think a crash will happen??????????????????????
9. webmaster said...
The guardian made that bit up. Of course I think a crash will happen.