Jump to content
House Price Crash Forum
Sign in to follow this  

Who Ate My Cheese

Recommended Posts

Some idiot over on another thread pointed out this afternoon...

the CML estimates that home-owners still have around £2.1 trillion of unmortgaged housing equity

(this has shrunk £.3tn since their 2008 estimate - of £2.4tn)

Is anyone else amused by the uncanny similarity between the notional gap, and the notionals involved in the (now failed) UK mortgage securitisation market?

It's uncanny, it really is...

My prediction (that'll rile Noel for sure) for 2010's CML read - £1.75tn equity...

Edited by ParticleMan

Share this post

Link to post
Share on other sites
yes, but what does it mean ?

It means that without the benefit of having RMBS crammed down our neck like a fois gras goose, the notional value that can be applied to the assets in the housing market (entire, and individually) are going to go right back and rest on their fundamentals (and at this rate, it's really going to bruise a coccyx or two).

Literally - "willingness and ability to pay" - free of new sources of capital, the rate at which the market can recapitalise is now being set by an inverted demographic (and that, while the labour market is glutting globally).

"Oh bother!", said Pooh.

Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   291 members have voted

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.