Tuesday, February 26, 2008

The housing slump is here to stay

The housing slump is here to stay

The UK housing market is looking more sickly than at any point since the housing crash of the early 90s. The optimists are still clinging desperately to the hope that falling interest rates will save the market. But those hopes look like being dashed, now that one of the country’s top mortgage lenders has admitted that it would rather turn away business than dish out any more risky loans…

Posted by damien @ 09:42 AM (953 views)
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3 thoughts on “The housing slump is here to stay

  • Good.

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  • Answering Harriet Harman’s Comments: she has let the “cat out of the Bag” The Treasury actually decides Interest rates and not the BOE as everyone thinks. MK is someone to blame when things really go bad for Nu Labour

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  • Yes at the moment they wont make risky loans until high risk starts to give high rewards and we will be back where we started… chasing market share.

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