Wednesday, Nov 26, 2008
Good Piece on Chancellor Darling's Response to the Crosy Report
BrightSale Blog: Has Sir James Really Slain the Mortgage Dragon?
This article is somewhat sceptical about whether Sir James Crosby's main recommendation of a state bail out of the wholesale mortgage markets will really occur, and warns of the dire consequences for home-owners if net mortgage lending really does fall to zero in 2009.
Posted by jeremy howard @ 07:24 AM (234 views) Add Comment
1 Comment
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1. gardeniadotnet said...
"Homeowners who need to move in the next 12-18 months should get their properties on the market now and should price them sensibly. There are still mortgage-approved buyers out there, but undue delay or unrealistic pricing could yet mean tangling with a real dragon next year. There is no time for delay."
Ha!