Friday, Nov 06, 2009

How much longer can house prices defy gravity

BBC: Personal insolvency rises by 28%

A record number of people were declared insolvent in England and Wales in the third quarter of 2009, according to figures from the Insolvency Service. There were 35,242 personal insolvencies, up 28% from the same period last year and an increase of 6.6% on the previous three months. This extended the record number recorded earlier this year................businesses going bust in the third quarter of the year was still 14.6% higher than the same period a year ago.

Posted by jack c @ 09:56 AM (902 views)
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5 Comments

1. mark wadsworth said...

Jack! The govt has to "... help hard working and prudent home-owners from the spectre of eviction! We can't make people homeless because of the burden on social housing!" (from page 73 of the Home-Owner-Ist Manifesto).

Friday, November 6, 2009 10:01AM Report Comment
 

2. Wave Goodby said...

that darn home page graph. looks like a v shape to me

Friday, November 6, 2009 02:05PM Report Comment
 

3. brickormortis said...

Perfect backdrop for house price rises in topsy-turvy land!

Friday, November 6, 2009 02:53PM Report Comment
 

4. 51ck-6-51x said...

Jack c said, "How much longer can house prices defy gravity"
- Longer than you can stay solvent ( As per Keynes )

Friday, November 6, 2009 05:33PM Report Comment
 

5. mr messy said...

why not declare yourself bankrupt ???? this country has a habit of rewarding failures who have overstretched their budgets with 4 bed detached houses , new cars, holidays abroad ect: nobody seems accountable for their own actions anymore are we supposed to feel sorry for them ? well i dont , nobody forced these people to take out loans they could ill afford to pay back. i know of 2 people who have declared themselves bankrupt and yes they still have their big houses and their new cars

Saturday, November 7, 2009 05:26AM Report Comment
 

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