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

Until The End Of Last Year Loans Freely Available To Every Fraudster

Recommended Posts

That Merryn girl again in Moneyweek --- Jeez - she's such a star. She tells it as it is - & doesn't mince her words. Give her a damehood.

"Anecdotal evidence suggests that even in London offers - when they come - are 15%-20% below asking prices.

It turns out prices of houses have been based not on the limited supply of housing at all, but on the excess supply of capital.

Until the end of last year home loans were freely available to every fraudster, low-income earner and desperate first-time buyer, regardless of their ability or willingness to make the payments on their mortgage."

Absolutely BANG ON the nail.... EXCELLENT stuff --- http://www.moneyweek.com/file/43161/2008-w...ver-lining.html

Edited by eric pebble

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.

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.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 295 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.