Thursday, Aug 30, 2007
But the article talks mostly of stability
FT.com: Outlook uncertain for housing
The British housing market has not yet shown any of the fragility of the US market. In a report on Thursday, David Miles of Morgan Stanley argued that the risk of falling prices in the UK was “material” but the market knock-on effects would be much lower as European lenders have not engaged in subprime loans on anything like the US scale.
Posted by dohousescrashinthewoods @ 07:38 PM (302 views) Add Comment
3 Comments
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1. Ilejustwait said...
maybe the scale may not be so large, but then the US is a` LARGER COUNTRY THAN THE ( uk ) perhaps an oversight in your maths
2. crash bandicoot said...
"With a firm housing market helping household finances"
How does this help your finances? Even if you MEW your outgoings still increase. Will someone please enlighten me, in my twisted mind the only way I can imagine it helping is if you sell your house.
3. Papabear said...
"European lenders have not engaged in subprime loans on anything like the US scale."
What is a 100% (or more) mortage if not sub-prime? What does it say about you if you could not even save a few thousand quid for a deposit? And 100+ mortages? Please Mr. bank manager give me some money to buy a house... actually give me some more because I can't even afford to buy furniture!