Friday, Jan 30, 2009
The Times raises an eyebrow for a moment
The Times: Why househunters need not hurry
"Estate agents, ever the masters of optimistic analysis - who else uses the word charming when they mean rundown? - were quick to jump on these figures as an indication that the housing market could soon bottom out. Sadly, their prediction is likely to prove as accurate as describing a Victorian terrace as a unique opportunity."...........I like it......
Posted by titaniccaptain @ 09:59 AM (392 views) Add Comment
3 Comments
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1. Old_traveller said...
Refreshing indeed, although something still not quite right in that article. The writer suggests that HPI may come back normally after a short lived downturn... needs to realize that lending practices mau have been changed forever and will not get nowhere near pre boom LTV and multiple of income ratios...
2. stillthinking said...
"Though the mortgage drought, rising unemployment and falling confidence are dragging down prices, they are but short-term variables that will correct themselves eventually. "
Eventually...
3. drewster said...
Pretty sure this was posted a few days ago. Haven't time to dig up the link.