Wednesday, Jun 24, 2009
Of hidden property’, which in turn is likely to depress house prices further
Citywire: Morning Line: The negative equity threat to the UK housing market
Some startling or not so startling figures regarding negative equity and the rmbs market finishing by saying: " As the FT points out this morning, all these people stuck in their homes are creating a ‘glut of hidden property’, which in turn is likely to depress house prices further. Even a short term rise in prices, Fitch argues, is likely to make things worse in the longer term, by encouraging trapped sellers to put their homes in the market, which in turn will push prices down again. It sounds like a vicious circle with no way out, for the immediate future at least."
Posted by sybil13 @ 09:05 PM (405 views) Add Comment
3 Comments
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1. bellwether said...
Excellent article. Odd it seems to have been overlooked
2. House said...
A good article. The 64 dollar question is, Are we going to have inflation which appears to be definite, how are we suppose protect ourselves from it. I know interest rate should go up to combat inflation but are the rates going to be the same as inflation rate. Any comments out there.
3. house said...
A good article. The 64 dollar question is, Are we going to have inflation which appears to be definite, how are we suppose protect ourselves from it. I know interest rate should go up to combat inflation but are the rates going to be the same as inflation rate. Any comments out there.