Wednesday, October 17, 2007
The IMF are worried!!
IMF: Britain at risk of US-style house price crash
Britain risks the prospect of a US-style crash in its house prices as the credit crunch in the financial markets takes its toll of a heavily over-valued property market, the International Monetary Fund warned today
Posted by crutchley @ 03:54 PM (958 views)
2 thoughts on “The IMF are worried!!”
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paul says:
But, but … last year the IMF said Britain had a “less than 5% chance of a housing crash” …
(or is this “economists” just lazily making it up as they go along rather than bothering with any actual forecasting?)
crash bandicoot says:
So we have no subprime in the UK then. What’s the chances that it is “unforseen” that lending people 8x their salary on a self cert is a subprime loan?