Tuesday, Oct 30, 2007
More downward pressure ...
Daily Mail: Negative equity warning for first-time buyers as repossessions set 'to jump 75%'
"Property economists at Capital Economics are predicting a fall in prices of 3 per cent in both 2008 and 2009" - And the rest!
"Gordon Brown's decade at the Treasury was characterised by years of easy credit fuelling a house price boom and a mountain of personal debt.
"But he has left a legacy of falling take-home pay and an increasingly ferocious credit squeeze - with homeowners and would-be homebuyers left to pick up the pieces."
Posted by jonathan @ 12:02 PM (229 views) Add Comment
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