Monday, Apr 21, 2008
"Could"? "Could"?
Rightmove: April house price index
Scroll down to the chart at the bottom of page one, which shows BoE interest rate changes. Priceless. I also like this statement "Lack of confidence amongst banks in the credit worthiness of each other could create a 'correction overshoot'". They're banks, for crying out loud, if they don't trust each other, why should the taxpayer?
Posted by mark wadsworth @ 09:55 AM (688 views) Add Comment
6 Comments
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1. jack c said...
'correction overshoot' - I'll interpret this as a crash
Borough of Kensington & Chelsea now looks very attractive following a -2.2% monthly reduction, taking average price down to £1,458,558
2. hpwatcher said...
''if [banks] don't trust each other, why should the taxpayer?''
Excellent point......BUT Brown and Darling will spend billions to cover their mismanagement and mistakes.
3. bystander said...
"Excellent point......BUT Brown and Darling will spend billions to cover their mismanagement and mistakes."
...agreed hpwatcher, but the truth is: "......BUT Brown and Darling will spend billions of OUR money to cover their mismanagement and mistakes."
4. crash bandicoot said...
The return of the mythical -0.1%, I thought that we'd seen the last of him for a while!
Miles's figures put the whole shebang into context. The average asking price is ~£240k. From that BBC show on wage levels a while ago the top 10% band of earners starts at £46k. So with a return to 3.5x salary you can even be in the top 10% and still not be able to buy an average house. You'd just about be able to manage it on a 5x mortgage, I think that Gordon's next step will be to make those compulsory.
5. dohousescrashinthewoods said...
The big map around page 6 caught my eye -
London and the North West led the falls.
Aren't those the top spots for new-build BTL? Sounds to me like a collapse in the Inside Track "luxury hutch" market.
There are some steep asking-price rises in the South West, West Midlands and East anglia, with pretty much everyone else hovering around zero.
6. Baudot said...
Despite are the furore, houses are allegedly retaining 99.99% of their price. Uh ?