Saturday, Sep 20, 2008
The fool says it straight
Fool.co.uk: A House Price Crash Is Unstoppable!
House prices will continue to fall... and there's nothing anyone can do about it! How do you catch a falling housing market? Prime Minister Gordon Brown has given it his best shot. Housebuilder Barratt is giving it a go. And with nine out of the top 12 mortgage lenders recently cutting their rates, you could argue that banks and building societies are doing their bit as well.
Posted by quiet guy @ 03:03 PM (769 views) Add Comment
3 Comments
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1. nooneo said...
Almost everyone except the bulls (remember them, try hard they were the dominant force 3 or 4 years ago, surprisingly quiet of late) on HPC new this 3 or 4 years ago at least.
2. beartil2010 said...
It reminds me of Friends where Chandler asks Joey's advice- and he says'you're not going to like it' - and he says tell me anyway - and Joey says 'you shouldn't have done it'.
That's no help!
The way to avoid the crash is not to have really low interest rates and everyone lending like nutcases. Gordon Brown didn't know this.
And there's no use telling anyone now it's too late. Let the crash happen yeehah!!!!!!!!!!!!!
3. beartil2010 said...
article's a bnit wishy-washy and supportive of more lending.