Tuesday, Aug 25, 2009
HPC is back on track
Yahoo News: Net Mortgage Lending Weakest Since 2000
Despite Mervyn King chasing the next housing bubble, the old magic won't work because of the pesky transmission mechanism. Just like in Japan twenty years ago.
Posted by paul @ 10:32 AM (632 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Smiling said...
thats because there is more cash being saved and used. doh!!!!!!
'HPC is back on track', yeah right! try understanding the figures before commenting
2. paul said...
Compare and contrast the BBC's reporting of the same figures:
Steady rise in mortgage approvals
3. jack c said...
HPC was never off track - the downward path on prices was never going to show up on a graph as a straight line - up's and down's along the way much more likely, however the long term trend (IMO) will resume a downward path for all of the reasons previously (and logically) stated by many regulars on here - affordability being the key ingredient.
Having read the BBC version they very conveniently fail to emphasize that the increase in mortgage activity (way below what is termed "normal" by the way) is predominantly made up of re-mortgages. I'll see if I can find a factual article to illustrate this.