Friday, Feb 20, 2009
Even CML admit 2009 will be worst year ever for repossessions
Bankrupt: One out of every 290 mortgage holders see homes repossessed in 2008
Interesting that despite all the efforts being made by the Government and apparently lenders, and despite the growth in sell to rent schemes, even the CML is saying repossessions during 2009 will be the worst ever. It was only a year ago that talking heads on TV were telling us that it was never going to be as bad as 1991 because it was different this time!!! Almost as way off the mark as the property experts urging people to buy before they were priced out of the market altogether.
Posted by george @ 03:57 PM (266 views) Add Comment
2 Comments
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1. mountain goat said...
Worst so far perhaps...
2. Eternal Sceptic said...
The only reason "experts" obtain airtime is because they can babble coherantly most of the time. Believe any of them at your peril.It is worth noting that events over the last 18 months have proved all their predictions to be so absolutely wrong as to be laughable. They are nothing but a continuous comedy act, but should be transmitted accompanied by a health and wealth warning.