Tuesday, October 28, 2008

Even if you want to dive in, someone stole the springboard!

23 per cent of mortgage products withdrawn in last week

moneysupermarket.com comments on the number of mortgage products pulled by lenders in the week to 27th October 2008

Posted by whostolemyendowment @ 08:53 AM (742 views)
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2 thoughts on “Even if you want to dive in, someone stole the springboard!

  • Forget the statistics for a moment, on lenders offering mortgates, and ask yourself a more fundamental question.
    “Why are house prices in freefall?”
    Could it be because the housing market cannot survive without FTB’s?
    And if so, when people predict how much house prices are going to fall by, 35% 50%, arent they really predicting, when FTBs will return to the market?
    Well, I can tell you. We wont be going anywhere near them until they return to 2000 prices. OR LESS!
    And the longer the wait, before they drop. The longer EA hold out. The more time there is for that mesage to reach the millions of us FTB’s out there.
    My advice? If youre in the housing game, get the hell out quick!

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  • japanese uncle says:

    This is a good news as diving into an emply swimming pool is lethal.

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