Wednesday, Oct 17, 2007
The IMF are worried!!
Guardian: IMF: Britain at risk of US-style house price crash
Britain risks the prospect of a US-style crash in its house prices as the credit crunch in the financial markets takes its toll of a heavily over-valued property market, the International Monetary Fund warned today
Posted by crutchley @ 03:54 PM (646 views) Add Comment
2 Comments
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1. paul said...
But, but ... last year the IMF said Britain had a "less than 5% chance of a housing crash" ...
(or is this "economists" just lazily making it up as they go along rather than bothering with any actual forecasting?)
2. crash bandicoot said...
So we have no subprime in the UK then. What's the chances that it is "unforseen" that lending people 8x their salary on a self cert is a subprime loan?