Thursday, Jun 28, 2007
Gary Duncan tries to calm the housing market ... Ah, how nice.
Times Online: The brakes are definitely being applied but there is no danger of a crash just yet
Gary Duncan admits that the housing market is cooling and predicts the cooling can not turn into a crash. His reason: There is no trigger to cause the crash. Oh dear.
Posted by talking rot @ 10:47 AM (158 views) Add Comment
5 Comments
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1. royston said...
Gary, mate,
No tigger????????!!!!!! - what are you smoking?
Rising interest rates? No?
Rising inflation?
Collapsing hedge funds? Still, no?
Increasing bankruptcies?
How about contagion from collapsing property markets overseas?
What about tightening lending standards and a credit crunch?
Negative equity?
Negative BTL yields?
Negative media?
- Are you absolutely sure there is not one single potential trigger in that lot?
2. Mike said...
hmmm i know.. my toilet leaked thats the trigger.. cant read his paper anymore
3. Davros said...
Exactly?
What about buy to letters selling up? How about a US led recession?
4. wage slave said...
"Sure, the monthly gains in average UK house prices have slowed to a very modest 0.3 to 0.4 per cent, according to the key Halifax and Nationwide surveys." According to the two key VI surveys, more like.
5. inbreda said...
....which of course means a lot of risk for less return than you can get in a savings account for no risk.
Why would anyone stay in a market like that?