Monday, Aug 24, 2009
Sensible lending on sensibly priced homes seems a sensible idea
FT: Fall in house prices is nothing to ‘fear’
Just a readers comment but " News Now" flagged it :
"Sir, Interesting use of the word “fears” in the headline to Daniel Pimlott’s article on the prospects of a further decline in property values (August 13).
This long-overdue correction to our absurdly over-inflated property values is generally agreed to be a good and necessary thing by impartial observers. It certainly doesn’t matter to those of us who just own a house to live in. Indeed a further fall will be a good thing for those looking to trade up, as the gap between what they’re selling and what they’re buying will narrow.
It would be an even better thing for those who are looking forward to the day when homes are once again sensibly priced, so that they can actually buy one."
Posted by sybil13 @ 07:48 AM (320 views) Add Comment
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