Thursday, Jul 06, 2006

Shock headline from the Times

Times: Shock fall in house prices

House prices in Britain fell by 1.2 per cent last month, its steepest fall since October 2000 and with further falls expected to come, according to the lastest figures from Halifax, the mortgage lender.

Posted by webmaster @ 01:13 PM (604 views)
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4 Comments

1. Bubbles. . . . said...

At last talking sense in the over heated overstreched, unsustainable market...Look at the time as on this site the tulips in holland went rocketing up...ok they werent bricks but the same philosophy is there...If people can pass the parcel and there are buyers that are Willing to pay the price a house is up for, it will continue...Obviously from this latest report that is not the case im just keeping my money in the bank at the moment im now getting 7% intrest woopee!!!! If I moved my money to the good old USA I can get more!! The crash is on its way....

Thursday, July 6, 2006 08:48PM Report Comment
 

2. tyrellcorporation said...

7% interest, where the hell are you getting that?

Friday, July 7, 2006 07:39AM Report Comment
 

3. inbreda said...

Yeah - speak up Bubbles. No secrets here.

I walked into HSBC and asked them what the rate was on their savings account and they said 1%. I said "No, savings account, not current account" and they repeated "1%".

Presumably debt is so much more profitable for them.

Friday, July 7, 2006 09:20AM Report Comment
 

4. denzil said...

inbreda said:
>>I walked into HSBC and asked them what the rate was on their savings account and they said 1%. I said "No, savings account, not current account" and they repeated "1%".

If the British Public did not suffer from such inertia and were so financially illiterate then the likes of the HSBC would never get away with such appalling rates which in actual fact are better than some of the other high street banks

Friday, July 7, 2006 10:06AM Report Comment
 

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