Friday, Dec 29, 2006

Renters Gloat Over the Housing Slump

yahoo: The Wall Street Journal Online

Can't wait for the gloating to start in the UK

Posted by laksaboy @ 01:48 PM (587 views)
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3 Comments

1. Nohpc said...

I don't think there will be any gloating to be had in the UK as for a house price crash to occur here there would have to be high interest rates and mass unemployment so nobody will be singing out. This is why I believe the government will strongly try and avoid the situation.

Another point is that if you have a decent deposit it can still be much cheaper to pay interest only and rent from the bank than to pay market rental rates. At the same time if you have a decent equity and the market crashes it does not even make you flinch because you can ride it out.

Friday, December 29, 2006 07:31PM Report Comment
 

2. bidin'matime said...

A nice taste of the schadenfreuder to which we can all look forward...

Friday, December 29, 2006 08:53PM Report Comment
 

3. Sambino said...

Is Mr. Killelea any relation to our own realist bear!!!!

Saturday, December 30, 2006 12:50AM Report Comment
 

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