Friday, April 20, 2007

Everybody talks about crash…

Boom to gloom?

Interview with the Guardian Money editor... this guy has very bullish views, what struck me is his casual attitude... "yeah, but what is a crash... people has so much equity in their homes... prices fall by 50%?... who cares!" Not a word on the level of indebtedness of the country... not a word on risk!

Posted by confused76 @ 09:06 PM (597 views)
Please complete the required fields.



5 thoughts on “Everybody talks about crash…

  • Find more on HPC in the Guardian at
    http://money.guardian.co.uk/houseprices/story/0,,2061718,00.html

    “The investment bank ABN Amro this week issued a Home Truths research note declaring that UK housing was 50% overvalued. Prices, it said, had become “detached from fundamentals” and “a housing market collapse will undermine confidence in sterling, preventing the Bank of England from cutting rates and prolonging the downturn”.

    Reply
    Please complete the required fields.



  • Is it just me or has the wind changed direction this past 2 weeks? I have been hanging around on this website for 6 months and the crash-related activity in the past 2 weeks has been considerable. Since 2 months ago, I believe there will be a crash soon.

    Reply
    Please complete the required fields.



  • bidin'matime says:

    I liked the bit:- “prices and gonna fall, well they’re not gonna fall…”

    A perfect spoken encapsulation (even if apparently a slip of the tongue on this occasion) of what we read all the time in the press – prices are too high, there’s a bubble (well sort of), it’s madness, it can’t carry on like this – but DON’T WORRY – PRICES ARE NOT GOING TO FALL! Got to keep telling the readers / listeners what they want to hear or they’ll go elsewhere…

    Reply
    Please complete the required fields.



  • Bubbles. . . . says:

    Come freindly crash and fall on Poole, and make it fit for new buyers now!!
    Please fall come soon my dad wants to chuck me out and I aint got the money for a Boom!!! So please god help me soon…

    Reply
    Please complete the required fields.



  • Whiteknight says:

    People have been mewing the equity in their homes and spending it.

    That is the problem.

    I would focus on 80% for a crash figure.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>