An interesting contrast to the house buying problems youngsters face today. Amazing to note that a dishwasher was well over twice the money needed for a house deposit. Of course when youngsters could buy a house at twenty they were far more likely to have children in the next couple of years to fill it with.

Published in January, but has some interesting figures from historic crashes.

Its become a business not a place to live

Posted by deepak @ 10:02 AM 8 Comments

Would love to understand why the divergence from any other House price index? Also the volume of sales and turnover and the rate being offered.

BNP freezes $2.2 bln of funds over subprime https://www.reuters.com/article/us-bnpparibas-subprime-funds-idUSWEB612920070809 This was the precursor in Aug 2007 when BNP barred investors money due to illiquidity of the funds. Interesting how reading the two articles, how similar words have been used to explain the situation

For all the bleating from the landlord lobby, rents show no evidence of increased costs being passed on. I'm sure it'll come! Hopefully the gvmt will learn the lesson and increase taxes on owner occupied property as well and use the proceeds to reduce the damage done by taxing people in poverty.

The BoE wants to ensure Mortgage lending doesn't get out of hand