Thursday, September 16, 2010

All yours for debate

Property market: double jeopardy for home owners

Home owners have been given a stark reminder of the precariousness of the housing market with a double warning. Firstly, a leading economist said that house prices could fall 10pc within the next year or so, and secondly the head of the British Bankers' Association warned that new banking rules could trigger a second credit crunch, making mortgages harder to come by.

Posted by mark @ 10:21 AM (865 views)
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One thought on “All yours for debate

  • The BBA are cunning old s*ds.

    The original ‘credit crunch’ was a loss of faith that banks had lent out money wisely, so the people who fund banks didn’t want to lend to them any more (and the trusty government stepped in and bailed them out).

    If banks are forced to reduce reckless lending etc, then this is the very opposite – it will make people with a bit of spare cash MORE willing to lend to them.

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