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coolaftershave

Bubble Bursts!

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Whoever has been buying these things has an appetite for destruction.

Losses on mortgage bonds backed by subprime loans that will be made next year may rise to 7 percent, contrasting with 2 percent for bonds issued the past two years, should home prices hold steady, said Kenneth Posner, a New York-based finance analyst at Morgan Stanley.

I wonder what the losses are estimated to be should prices fall?

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Whoever has been buying these things has an appetite for destruction.

Losses on mortgage bonds backed by subprime loans that will be made next year may rise to 7 percent, contrasting with 2 percent for bonds issued the past two years, should home prices hold steady, said Kenneth Posner, a New York-based finance analyst at Morgan Stanley.

I wonder what the losses are estimated to be should prices fall?

Yes and I find it quite odd that housing appears to be the only asset class whose prices have the option to "hold steady". Bonds commercial property stocks commodities dont "hold steady". It's a consistent subliminal message that whatever happens the price can't go down. There must be a tipping point soon though as no analyst will want to be the last to call the turn.

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  • 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%



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