Saturday, June 14, 2008

Morgan Stanley’s negative-equity-o-meter

More pain for borrowers

This article appeared in today's Times (although it is dated 12 June?), the killer sentence is "Morgan Stanley, the investment bank, believes that a further two million households are at risk of owing more than the value of their property if house prices fall 20 per cent by 2010" So that's a nice round 100,000 households in Nequity for every 1% fall in prices!

Posted by mark wadsworth @ 12:12 PM (613 views)
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One thought on “Morgan Stanley’s negative-equity-o-meter

  • Bad news is retrospectively buried. Expect no better from Times online I’m afraid.

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