Jump to content
House Price Crash Forum
Sign in to follow this  
mbga9pgf

Housing Bubble May Lose Some Wind

Recommended Posts

Interesting article demonstrating what this government SHOULD have done instead of allowing a huge debt bubble to build in this country. Prudence my Backside.

CNN

NEW YORK (CNN/Money) - With the popularity of exotic mortgages, it's never been easier for homebuyers to afford their dream house even if it's out of their preferred price range.

But the increasing use of interest-only and option adjustable rate mortgages has put federal regulators on high alert. This fall, the Office of the Comptroller of the Currency, along with other financial regulators, will issue guidelines for mortgage lenders that could make lenders think twice before readily offering exotic mortgages to potential buyers.

Rest of article Here

Oh, for all you doom-Mongers out there, here is something from the CNNFN website about Bird Flu to give you all a hard-on.

Flu doomsday scenario for world economy

Experts say flu crisis similar to 1918 outbreak would leave world economy 'in shambles' for years.

Here

Share this post


Link to post
Share on other sites
Wasn't SARS supposed to be like this too?

That's what I was thinking. Hopefully 'bird flu' will be as much of a non-event (on a global scale) as SARS was.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

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.