Thursday, Jul 12, 2007
Signs of desperation
Times: All set for slowdown
The Times blames the MPC for - finally - doing their job. These greedy property cheerleaders, with their boss Anne Ashdown, crying and crying about rate rises. For love sake, prices have gone up 100% in the past 4 years now these b@...rds have to write entire pages that if house prices just flatten the blood is on the BoE hands! The best of it is that they will not be able to talk the market up for long, BTLers will exit en masse as soon as they stand no chance to make capital gains (i.e. now)
Posted by confused76 @ 11:18 PM (172 views) Add Comment
2 Comments
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1. Davros said...
So there you go everyone. You might as well close this site down, because Paula Nostradamus Hawkins tells us exactly what is going to happen in detail to the housing market.
'Paula Hawkins explains what impact the latest rate rise will have on the housing market.'
Note will, not might.
2. Pinetree said...
“The impact of a rate rise takes a while to kick in. It’s a bit like turning a supertanker. My fear is that if rates increase too sharply, they will overshoot the mark and we could find ourselves in a recession.”
Exactly, but in the real world the same rules should apply on the way uip and on the way down. If rates drop 5 times in 1 year everyone starts re-mortgaging and spending like crazy.........those people shouldn't moan when they go the other way.