Tuesday, June 10, 2008

Why this housing crash is already worse than the 90s

Why this housing crash is already worse than the 90sWhy this housing crash is already worse than the 90s

House sales the lowest ever recorded; bank rates still high; factory gate prices at their highest ever. But the crisis is no longer simply about bank solvency: there is wider panic afoot.

Posted by damien @ 01:37 PM (921 views)
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One thought on “Why this housing crash is already worse than the 90s

  • it_is_going_with_a_bang says:

    ““We are well placed to meet the challenges of the global credit crunch, the fundamentals of the economy are sound with low unemployment and historically low interest rates, and long-term demand for housing remains high.”

    Typical government cr4p.

    Although I feel fairly sure that they will do all they can to keep the ‘pressure’ on housing demand in an effort to keep prices high. How nice of them.

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