Wednesday, Nov 14, 2007
Interest rates are now beginning to slow the housing market
Times Online: Further slide in mortgage applications
Further evidence of a slowdown in the housing market has emerged yesterday after the Council of Mortgage Lenders (CML) revealed that the number of mortgages advanced for house purchases continues to fall.
Posted by peter @ 08:18 AM (295 views) Add Comment
5 Comments
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1. dohousescrashinthewoods said...
In the words of captain Caveman "uh oh, bad time for power failure"..
Looks like we have a trend. I think Q2 and Q3 2007 will retrospectively be known as the start of the [great] house-price crash / second great depression / end of the financial world (depending on your level of optimism).
Did we say April for the party at the Land Registry offices?
I can recommend Jacob's Creek as a delightful but inexpensive (at current prices) champagne (or Laurent Perrier if you have invested in gold). I plan to use spreadshirt.net for the "unmasking" apparel.
2. seanb303 said...
i'll come to the party
it will be interesting to see you guys in person
3. confused76 said...
I am now becoming a bit worried we will need some hard currency or gold to buy drinks and food for the party
By April or May, God save the Pound!
4. seanb303 said...
we could barter houses for beer
5. confused76 said...
80 bricks for a pint?