Wednesday, May 28, 2008
And why is this a bad thing? Oh, it means sellers' fears are fuelled - right.
Independent: Fears for house sales are fuelled by 39% fall in mortgage lending
Another article looking at the issue solely from the perspective of sellers. Classically silly quotes here: "Savings inflows have improved, thanks to rising interest rates and the climax of the ISA season, although every pound saved is one denied the nation's retailers and housebuilders." So every penny kept in the pockets of consumers is bad, and every penny "denied" by those people for housebuilders is a bad thing? Sean O'Grady needs to check his priorities.
Posted by paul @ 07:44 AM (239 views) Add Comment
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