Tuesday, May 13, 2008

HSBC Director of Economics tells us property might not only go up in value

Stephen King: As safe as houses? How harsh realities are dispelling the home market myths

Funny how the 'experts' are so wise now HPC is alive and with us already. With all these experts working for them, it makes you wonder why HSBC piled into mortgage-backed securities and has lost $15.6bn so far.

Posted by doom&gloom @ 04:27 PM (501 views)
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2 thoughts on “HSBC Director of Economics tells us property might not only go up in value

  • This article quite neatly sums up the reasoms why I think that there will be a HPC.

    Charles

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  • scandinavian pessimist says:

    “the baby boomers need to sell their properties to the next generation which, by definition, is fewer in number”

    Now that’s actually something I haven’t heard before. A very interesting observation indeed.

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