Friday, August 17, 2007

News from the dark side!

Analysts say house prices coming under pressure

An investment bank, who on their home page pride themselves on questioning convention.

Posted by sickboy @ 04:39 PM (791 views)
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One thought on “News from the dark side!

  • dohousescrashinthewoods says:

    “Only a withdrawal of mortgage equity”

    I presume they are not talking about MEW, but rather the probable outcome of a credit crunch (case in point) which is that consumers cannot borrow because the banks can no longer sell that debt to the markets? (and/or because lending criteria will have tightened)

    So, in summary, what they are saying is that “unsold inventory” is up (as we saw in the US less than a year ago) and that if a credit crunch develops that hinders borrowers from getting mortgages, it could be game over.

    Sounds plausible. Didn’t we see this posted earlier today?

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