Thursday, February 18, 2010
CML think it willbe like 1990s – except HPC of course
The bit that just shows the balls-out home ownerist "inflation is good" message is the two parapgraphs. The CML said that recent price gains had cut the number of homeowners in negative equity from 900,000 in April last year to 650,000. Simon Rubinsohn, chief economist at the Royal Institution of Chartered Surveyors, said: â€œThe latest figures from the Bank of England show the cost of mortgage finance to be easing. This ... should help to continue to push prices higher for at least the next few months.â€ Interesting - do we read "it will fall" as a translation for at least the next few months.â€?