Friday, August 31, 2007

Get this brick from Fionnuala

House price slowdown casts doubts on 6% rates

Nationwide said there had been a collapse in new buyer inquiries and that, given the current turmoil in financial markets, it was unlikely the Bank of England would raise the cost of borrowing to 6 per cent.

Posted by confused76 @ 12:46 PM (421 views)
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7 thoughts on “Get this brick from Fionnuala

  • houseprices have nothing to do with IR, in fact very little has anything to do with IR now, , i think they only take 3 items into account for the cpi now…lol fools to themselves, who are they kidding? themselves…

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  • It’s already been pointed out but is worth repeating again (and again, as necessary) – we were told house price growth at current levels was sustainable and would simply carry on forever until the average house cost 20 times the average salary, and all becasue of the divorces, imigrants, old people, restrictive planning laws, etc, etc, etc. So I would imagine this slowdown tells us that all the imigrants have stopped coming? Or is it that no-one is getting divorced anymore? Is it that developers have now been given carte blanche to build wherever they want then? No? Well, Ms Earley, I don’t understand then?

    Sorry, what did you say, “weaker affordability, the effect of higher interest rates, and lower house price expectations.”??? What does that have to do with planning and migrants then?? You mean it was interest rates and sentiment, not the old people after all?? Well I never.

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  • migrants, supply, demand = fantasy

    get the reality of yet another speculative bubble.
    how can supply shortage affect house purchase price without affecting rentals?????

    so there is no supply shortage. bunch of gullible investors believing the latest version of the dutch tulips.
    and this will not be the last time round

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  • Reading the Nils Pratley viewpoint in the Guardian he pointed out that the libor rate is almost 1% higher than the BOE base rate which effectivley means britain has had a .5% interest rate increase. So rates are going up regardless of whether the BOE raise rates or not, surely this is the beginning of the end. any thoughts

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  • Memo to Ms. Earley:

    The entire financial system is a bust.

    The impending collapse of the housing market and the desolation, despair and misery it will cause will be a minor concern.

    Kind Thanks and Regards,

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