Saturday, Dec 08, 2007

But it will be all right on the night

Times: House prices will continue to fall despite latest rate cut, says HBOS

...strong economic background... supply shortages....underpin market...
All the old cliches here from another cliched VI. Now they have to admit prices are falling, they claim it won't be for long. The frightening prospect is that big interest rate cuts from now on might just keep the whole disaster going, and perpetuate the gross inequalities of wealth that are so apparent here in the SE. Courage my housepricecrashers.

Posted by letthemfall @ 02:11 PM (120 views) Add Comment

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