Monday, Oct 22, 2007
High oil prices can only put further downward pressure on house prices.
Money week: Oil & Housing: A Volatile Combination
Explores some interesting relationships between oil and housing, such as suggesting that the credit crunch caused by sub-prime will increase the cost of fuel by increasing the credit costs to fuel speculators, whilst high oil further reduces house prices by pushing up inflation, thus pushing up interest rates. Sounds like a race to the bottom to me.
Posted by planning4acrash @ 04:39 PM (222 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.