Tuesday, Dec 12, 2006

BBC cries more crocodile tears for FTBs

BBC "news": First-time buyers stretched again

Apparently, the BBC thinks that the new lending multiples used by high street banks are "more sophisticated", and that according to the CML, "first-time buyers had to borrow a record 3.27 times their incomes to take out a mortgage." They carry on "Despite this, rapidly rising prices have forced out many would-be home buyers" (refusing to see any connection between the two - quite frankly over-conservative - statistics).

Why can't the BBC just pluck up the courage to sack their latest intake of journalism graduates? Silly me!
I forget that their pay isn't performance linked, but license-tax linked.

Posted by paul @ 02:22 PM (487 views)
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