Wednesday, July 11, 2007
Bearish news on property in the press
Money section
Have a look at the front page of the Independent "money" section... the first three property news are bearish. If the press keeps talking this way momentum will soon vanish.
Posted by confused76 @ 10:08 AM (694 views)
5 thoughts on “Bearish news on property in the press”
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Orwell says:
Yes, the article does seem a bit bearish. Latterly I’ve come to the conclusion that I do not wish to meet you on anybody, however, people were warned about the fact that interest rates could increase quite dramatically.
I suppose at the end of the day, one must have some sympathy. However, greedy these people were. They do not deserve to be fleeced by the financial institutions.
And this is only the beginning of higher interest rates to try to curb firstly, an inflationary market and secondly far higher spending on debt than should ever have been encouraged by either the Bank of England or the financial institutions. I do not see a way out of getting the £1.3 trillion in by higher interest rates. This will adversely affect the market and adversely affect the economy. This is a shame, and one can now understand the approach that Mrs Thatcher had to household economics.
I hope that these financial institutions will not be bailed out by the British public, and that they will have to have recourse to any insurance policies that they have effected. But don’t hold out any hopes.
confused76 says:
Full sympathy for home owners, no sympathy at all for BTLers.
sold 2 rent 1 says:
“Full sympathy for home owners, no sympathy at all for BTLers.”
Many homeowners have been reckless with their money – MEWing to pay for holidays, cars and TV’s
The reckless will be punished and the prudent will get off with a severe warning.
Whoever drinks the most at the party will have the biggest hangover.
talking rot says:
I have no sympathy for adults. Adults, by their very nature, are responsible for their own actions. If an adult gets into financial trouble, it is their own fault for not researching the risks and possible outcomes thoroughly enough; they made the decision to take the risk in the first place. I do not want my taxes used to wipe the arse’s of adults who claim their actions are not their responsibilites.
And yes, I do invest in gold as part of a balanced portfolio!
wiltshire says:
Got to agree. I’m not and never have been in debt and there are plenty more like me. It’s wanton consumerism that has got us into this situation. I look forward to the day when the MEW-ers and the ‘keeping-up-with-the-Joneses’ realise that they need to live within their means.