Friday, July 6, 2007
Well… this is actually good news
Market starts to feel side effects of rising rates overdose
I can t help thinking that what worries this commentator is actually very good news. Hedge funds feel the pain? Who gives a toss! Banks will suffer bad loans? They are welcome, they lent recklessly in the first place!
Posted by confused76 @ 09:43 AM (403 views)
3 thoughts on “Well… this is actually good news”
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Searching For Accommodation says:
Since the rate rise yesterday, one property I’ve been looking at to rent (and it was for sale too) has been withdrawn whilst the owner dropped the asking price £50K (about 15%) to try and sell it. Another property I inquired about today – the rent has gone from £750 to £850 overnight. Looks like panic to me…
Rep013 says:
We’re about to move into a new rental and yet again we have secured a > 10% reduction on the asking price and this is in the “sunny” south east. Don’t believe the price tag, people will be accommodating rather than lose tenants.
dohousescrashinthewoods says:
Sit tight for a few months and presumably it will be a renters’ paradise.