Friday, Aug 17, 2007
News from the dark side!
Landlord Expert: Analysts say house prices coming under pressure
An investment bank, who on their home page pride themselves on questioning convention.
Posted by sickboy @ 04:39 PM (497 views) Add Comment
1 Comment
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1. dohousescrashinthewoods said...
"Only a withdrawal of mortgage equity"
I presume they are not talking about MEW, but rather the probable outcome of a credit crunch (case in point) which is that consumers cannot borrow because the banks can no longer sell that debt to the markets? (and/or because lending criteria will have tightened)
So, in summary, what they are saying is that "unsold inventory" is up (as we saw in the US less than a year ago) and that if a credit crunch develops that hinders borrowers from getting mortgages, it could be game over.
Sounds plausible. Didn't we see this posted earlier today?