Jump to content
House Price Crash Forum

Simple Message To V.i.s


Recommended Posts

I will try and keep this simple:

The banks are lending but not at the levels or with the looseness of credit that is needed to support current prices. They are not going to do so for the foreseeable future.

If you want the housing market to pick up you need to drop prices.

Understand???

Why should they give it away...nobody gives you anything for nothing. ;)

Link to comment
Share on other sites

I will try and keep this simple:

The banks are lending but not at the levels or with the looseness of credit that is needed to support current prices. They are not going to do so for the foreseeable future.

If you want the housing market to pick up you need to drop prices.

Understand???

All the surveyors I know understand this perfectly well but you have a little further to go with some of the other categories you list. The estate agents I have met recently have been very bearish but this is not true of all of the breed, just the ones who are still going to be in buisness next year.

Link to comment
Share on other sites

I will try and keep this simple:

The banks are lending but not at the levels or with the looseness of credit that is needed to support current prices. They are not going to do so for the foreseeable future.

If you want the housing market to pick up you need to drop prices.

Understand???

You are pretty well bang on there........

One little tweak to your otherwise spot on analysis though..........

"The banks are lending but not at the levels or with the looseness of credit able to lend LIAR LOANS that is are needed to support current prices. They are not going to can't do so for the foreseeable future without it biting them back in the ar$e..."

Edited by eric pebble
Link to comment
Share on other sites

You are pretty well bang on there........

One little tweak to your otherwise spot on analysis though..........

"The banks are lending but not at the levels or with the looseness of credit able to lend LIAR LOANS that is are needed to support current prices. They are not going to can't do so for the foreseeable future without it biting them back in the ar$e..."

Indeed!!!

A question for anyone who thinks that Gorgon the Clown's £90B will kick start liar loans and the rest again. The banks have got away with it once and as with the previous £50B, this will help stop them going bust. But for the foreseeable future, do you really really think they are going to do it again?

Link to comment
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...
 Share

  • Recently Browsing   0 members

    No registered users viewing this page.





×
×
  • 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.