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House Price Crash Forum


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About benjamin

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  1. Link to the BBA January announcement (yes I know it's a month outa date) - nice graph - wonder what Feb's graph will look like!! http://www.bba.org.uk/bba/jsp/polopoly.jsp?d=149&a=12452
  2. Had a quick look - not seen it posted yet. http://www.financialsense.com/fsu/editoria.../2008/0320.html "I’m going to let you in on an unfortunate little secret – the real subprime mortgage securitization crisis may not have even started yet. But, there is a good chance the real crisis will arrive soon." "The heart of the subprime problem is that no major stress tests happened in 2007 – and the market still blew up."
  3. would i be right to suggest that northern rock is now the safest place for money on deposit as the govt. are guaranteeing the whole lot, not just £35K. i have some cash looking for a home and am thinking of putting it there - thoughts please?
  4. down south this time http://www.thisisbath.co.uk/displayNode.js...;pNodeId=163047 "However, estate agents say the Bank of England will need to cut interest rates again to stimulate greater interest." Clearly the BOE will be wanting to stimulate greater interest for sellers in the Barth area. clueless
  5. http://www.thestar.co.uk/news/House-prices...ENTH.3873874.jp Today John Francis, principal of Crapper and Haigh estate agents in Sheffield city centre, admitted: "The state of the market is terrible."
  6. http://www.communities.gov.uk/news/corporate/716440
  7. http://uk.reuters.com/article/marketsNewsU...13?rpc=401& Feb 13 (Reuters) - Expectations of the size of the fall in UK house prices have lessened but the market could take longer to recover, property derivative prices showed on Wednesday. Property derivative brokers said the benchmark Halifax house price index was seen falling by 8 percent in the next 12 months, which was less-than-expected last month, but which masks deeper expected discounts in 2009 and 2010. "This seems to point to a more drawn out fall in the housing market rather than a short sharp shock and then recovery,
  8. don't think posted here just yet.. http://news.sky.com/skynews/article/0,,30400-1302896,00.html Banking Giant Reveals Sub-Prime Hit Updated:11:19, Tuesday January 29, 2008 Alliance & Leicester has tried to reassure investors worried about its liquidity in the wake of the Northern Rock crisis. The bank says it has strengthened its funding position to the end of the year, despite a greater-than-expected £185m hit due to the credit crunch. Losses from investments knocked by the credit squeeze and those linked to US sub-prime mortgages is more than three times the £55m it estimated last
  9. but but record mortgage lending from the beeb! http://news.bbc.co.uk/1/hi/business/7199777.stm
  10. i see the word 'unexpectedly' is used yet again. it's as if they believed their own pre-christmas guff.
  11. http://news.bbc.co.uk/1/hi/business/7167629.stm Growth in UK manufacturing slows Growth in the UK manufacturing sector eased in December, as worries about the credit crunch led to new orders hitting a near two-year low, a survey shows. The data is likely to boost hopes of another interest rate cut to cushion against an economic slowdown this year. Firms reported that recent turmoil in financial markets had shaken client confidence, said the Chartered Institute of Purchasing and Supply. New manufacturing orders fell to their lowest level since March 2006. The Chartered Institute of Purcha
  12. http://www.order-order.com/2007/12/gordons...9591442-on.html
  13. whining about immigration into the uk - didn't he 'immigrate' into the US?
  14. http://news.bbc.co.uk/1/hi/business/7117106.stm London house prices dropped at their fastest rate in more than two years last month, according to the latest figures from the Land Registry. Prices were down by 0.6% in October, the first monthly decline in the capital since April 2006 and the sharpest drop since August 2005. Rises in most other regions meant prices climbed by 0.1% across England and Wales as a whole. But analysts fear weakening prices in London could threaten the wider market. Slowdown Prices in London could be markedly hit by City job losses and reduced bonuses Howard Ar
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