Tuesday, Jun 26, 2007
When Landlords go Bear....
Landlord Expert: House price crash will be much worse second time around!
Something has got me fretting recently: if house prices do crash, what are the chances it will be even more painful for families than last time round?
The Bank of England predicts that fewer households will suffer negative equity - where your mortgage becomes worth more than your home. But there is another aspect to the mortgage market which could compound the blow. And, even more worryingly, few people know how serious the effects will be.
Posted by tangara @ 07:07 AM (134 views) Add Comment
1 Comment
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1. sold 2 rent 1 said...
Nothing new here.
It is clear that any HPC will cause people's pensions/investments to fall as well.
If "landlord expert" can see the risk then it has a high chance of happening