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Newsnight On House Prices.


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LINK???

Yes, over on the main forum Eric. There is an entire thread about it.

A full 20 minute discussion with RICs and an Economist how the banks can no longer lend because they simply don't have the money, how sellers are deluding themselves by not dropping asking prices and how houses are sitting on the market for years because the asking prices are too high and that sellers, and indeed estate agents, have not got it into their heads that the banks are simply refusing to lend vast sums on houses anymore.

The banks are going to drive down house prices by not lending. Sellers have not realised this yet.

You thinking of buying in Wales Eric? Nice of you to pop over to the Wales forum! :lol:

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Yes, over on the main forum Eric. There is an entire thread about it.

A full 20 minute discussion with RICs and an Economist how the banks can no longer lend because they simply don't have the money, how sellers are deluding themselves by not dropping asking prices and how houses are sitting on the market for years because the asking prices are too high and that sellers, and indeed estate agents, have not got it into their heads that the banks are simply refusing to lend vast sums on houses anymore.

The banks are going to drive down house prices by not lending. Sellers have not realised this yet.

You thinking of buying in Wales Eric? Nice of you to pop over to the Wales forum! :lol:

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