Thursday, Jun 03, 2010
The start of widespread resignation of an impending HPC?
Times Online: House price rises ‘unsustainable’ as lending falls
Still amazes me how people talk of a "spectre" of price falls. It's that homeowner-ism thing Mark. Boy, do we have a major issue to make people see this differently.
But hey, at least the reality is spreading - and I think we'll all soon be seeing significant price falls again.
Posted by growler @ 07:22 AM (882 views) Add Comment
2 Comments
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1. mark wadsworth said...
Not that soon - see next article :)
2. tenyearstogetmymoneyback said...
So using the figures in the article £200 billion quantative easing enables net lending of £15 Billion a year.
What happens when that QE money is withdrawn ?
A final thought. If the economy isn't growing why should net lending increase at all ?