Wednesday, Dec 12, 2007
This is the worst article ever! The Express Sucks.
Express: HOUSE PRICES SLOW… BUT DON’T PANIC
A healthy slowdown is one thing but unless the Bank takes decisive action, the current decline in the housing market could cause real economic pain
WHAT!!!!!!!!?????????? And house prices at these levels aren't already!!!!!!!!
Posted by david20040_0 @ 06:21 PM (673 views) Add Comment
4 Comments
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1. david20040_0 said...
This has to be worst article ever written, the Express has gone to even greater lengths in support of house prices now.
"The Bank of England should cut rates again – and soon"
Why because horror of horrors house prices might become affordable again.
Jeez.
2. planning4acrash said...
Welcome back David!
3. confused76 said...
Welcome back David!
“A healthy slowdown is one thing but unless the Bank takes decisive action, the current decline in the housing market could cause real economic pain.” And Alex Murray, head of mortgages at Thinc Group, said: “It is interesting to note that flats in particular appear to be losing most value, but this is potentially good news for first-time buyers who will find it easier to get on the property ladder.
Those looking to move on to their second homes might find themselves disappointed with the value of their flats. My advice to them would be to hold on until the value begins to rise again.” Separate figures yesterday showed that almost 300,000 houses in England – or 1.6 per cent of all privately owned homes – stand empty.
This article is very confused, it is like what s going on the head of the BTLetters at the moment. To bail out, or not to bail out. Will the market pick up again in the spring? well can I be solvent until the spring?
I think in a month or two - with some luck - there are going to be a couple of big insolvencies, then the market will nosedive... beyond help
4. david20040_0 said...
Kinda doubt it though with the BoE, and the Bank of Canada plus the Fed going to inject shit loads of cash into the system to keep this afloat.
It sucks, house prices just start to dip and the whole banking system slashes rates because it isn't healthy.
But when the hell was house prices of 20% and up "healthy"?