Monday, December 3, 2007

UK housing crash almost “certain” !

UK "almost certainly" facing housing market crash

Its looking bleak for the UK economy if the UK housing sector crashes which will spread far and wide. Could be the start of the fear fear scenario when prices drop which creates fear and the snowball effect begins.

Posted by doomberger @ 06:24 PM (742 views)
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6 thoughts on “UK housing crash almost “certain” !

  • Equitystasher says:

    So don’t put house price inflation into the BofE remit when house prices are going through the roof but look to put them in now that house prices are deflating!!!!! No thanks.

    Why should the responsible bail out these people that overstreched themselves through inflation? I don’t remember anyone being held at gunpoint to buy a house.Rates are only returning to the average long term. Why shared ownership on the way down to further distort the market and hold prices up! The house market needs a big shake out to bring it back to sanity. Then the FSA need to crack down on the banks and stop them ever being able to lend like they have. Simple

    Vince should be attacking Gordon Brown on his economic policy and should not be trying to keep the bubble inflated.

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  • dohousescrashinthewoods says:

    Hot dang it, took the word ride outta my mouth.
    There isn’t much left to say 😉

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  • Cheekie Charlie says:

    “According to Mr Cable, the Bank of England should set interest rates that “reflect inflation or deflation in housing”.”

    Err if interest rates reflected HPI then we wouldn’t be in this position! Well maybe he’s just telling us what we already know that the BOE will include falling house prices in CPI.

    “Banks should also take rapid action to repossess houses when mortgage holders go into arrears, he suggested”

    Yeah. Yeah. Yeah. Make the B!tches suffer.

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  • Cheekie Charlie says:

    Hang on a minute!

    “He said the government needs to work with banks in order to arrange for people to stay in their own homes and there is no “flood of distressed selling and people [being] pushed out into homelessness”.”

    Thats what x blogger means by the banks being the new landlords.

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  • Blimey!

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  • According to Mr Cable, the Bank of England should set interest rates that “reflect inflation or deflation in housing”. Hmmm – so it should currently be at 15%??

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