Monday, January 15, 2007

Why a crash has got to happen

Why house prices have got to come crashing down

Article from Chris Gilchrist - Basically stating that housing cannot continue to oustrip earnings, FTBuyers not being able to afford to buy houses in 90% of towns, that the housing market cannot survive without a lower rung, and that BTL has replaced FTB as the lower rung in recent years but at poor returns. How raising interest rates for the 2nd time in 3months will have an effect, and how homes are much cheaper in France and Germany etc...

Posted by tormy @ 12:24 PM (509 views)
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