Friday, Mar 21, 2008
Did anyone see this coming????????
Financial times: Surveyors lower home valuations
Homeowners coming to the end of cheap fixed-rate mortgage deals are having the valuation of their properties reduced by surveyors, who fear the housing slowdown could gather pace.
Ok guys try not to smile.....dont do it.....Yes the creases at the sides of your mouths are going up...oh no its turned into full blown laughter....ok try not to dance....I do believe a jig has broken out in the room.............
Posted by titaniccaptain @ 10:35 PM (566 views) Add Comment
10 Comments
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3. bystander said...
Has anyone got the URL for the whole article??? This sounds to good to be true. Ofcourse I feel sorry for all those who will be stung by having to move from a 'teaser' rate to the lenders full variable, so my happiness is curtailed somewhat. It will always be 'us' not 'them' who suffer. 'They' will always change the goal posts to make 'their' lives and profits remain the same or increase.
4. The_patient_bear said...
http://www.ft.com/cms/s/0/a93e3ff4-f786-11dc-ac40-000077b07658.html
5. This comment has been removed as it was found to be in breach of our Blog Policies.
6. layers said...
http://www.ft.com/cms/s/0/a93e3ff4-f786-11dc-ac40-000077b07658.html
7. bystander said...
Thanks for trying layers, but it won't let me in.
8. mark wadsworth said...
Bystander, you may have to go the ft home page and register, that link worked for me.
Anyway, the article ends with these fine words "Barry Hall, at the Royal Institution of Chartered Surveyors, said the fact that there were more repossessed properties coming on to the market was also distorting values".
Er ... distorting? Aren't they being sold for ... er ... market value? Or does anything that leads to lower values automatically get described as a 'distortion'?
9. mark wadsworth said...
Bystander, you may have to go the ft home page and register, that link worked for me.
Anyway, the article ends with these fine words "Barry Hall, at the Royal Institution of Chartered Surveyors, said the fact that there were more repossessed properties coming on to the market was also distorting values".
Er ... distorting? Aren't they being sold for ... er ... market value? Or does anything that leads to lower values automatically get described as a 'distortion'?
10. bystander said...
Thanks mark wadsworth i will try that, great last line and your reaction, priceless. Isn't the English language great.