Monday, April 21, 2008

“Could”? “Could”?

April house price index

Scroll down to the chart at the bottom of page one, which shows BoE interest rate changes. Priceless. I also like this statement "Lack of confidence amongst banks in the credit worthiness of each other could create a 'correction overshoot'". They're banks, for crying out loud, if they don't trust each other, why should the taxpayer?

Posted by mark wadsworth @ 09:55 AM (3341 views)
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6 thoughts on ““Could”? “Could”?

  • ‘correction overshoot’ – I’ll interpret this as a crash

    Borough of Kensington & Chelsea now looks very attractive following a -2.2% monthly reduction, taking average price down to £1,458,558

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  • ”if [banks] don’t trust each other, why should the taxpayer?”

    Excellent point……BUT Brown and Darling will spend billions to cover their mismanagement and mistakes.

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  • “Excellent point……BUT Brown and Darling will spend billions to cover their mismanagement and mistakes.”

    …agreed hpwatcher, but the truth is: “……BUT Brown and Darling will spend billions of OUR money to cover their mismanagement and mistakes.”

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  • crash bandicoot says:

    The return of the mythical -0.1%, I thought that we’d seen the last of him for a while!

    Miles’s figures put the whole shebang into context. The average asking price is ~£240k. From that BBC show on wage levels a while ago the top 10% band of earners starts at £46k. So with a return to 3.5x salary you can even be in the top 10% and still not be able to buy an average house. You’d just about be able to manage it on a 5x mortgage, I think that Gordon’s next step will be to make those compulsory.

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  • dohousescrashinthewoods says:

    The big map around page 6 caught my eye –

    London and the North West led the falls.
    Aren’t those the top spots for new-build BTL? Sounds to me like a collapse in the Inside Track “luxury hutch” market.

    There are some steep asking-price rises in the South West, West Midlands and East anglia, with pretty much everyone else hovering around zero.

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  • Despite are the furore, houses are allegedly retaining 99.99% of their price. Uh ?

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