Connection of recession to house prices

MrDT

purch wrote: »

:eek: .....funny how I suddenly begin to lose interest when everyone starts using these abbreviations

MEW ?

Does anyone expect a normal 'sane' person (ie. not someone who spends all day on an internet forum) to have a clue what that means ?

frequently asked question.

see here: http://forums.moneysavingexpert.com/showpost.html?p=16814043&postcount=112

caveman38

.....funny how I suddenly begin to lose interest when everyone starts using these abbreviations

MEW ?

mortgage equity withdrawal- extending your mortgage to give you some cash

as explained to me, when I asked same question.

Pennywise

Lots of the smallest new business startups over the past few years have been financed by zero percent credit card deals and mewing. Now that they can't mew and the credit cards aren't as free with their cash, I've noticed a real nosedive in the number of small business start-ups. People simply got used to mewing their mortgage to live their normal day to day lives. Add in that the people who were constantly remortgaging their unprofitably buy to let empire and it isn't hard to see why the property price crash has beggared the entire economy.

kennyboy66_2

Pennywise wrote: »

Lots of the smallest new business startups over the past few years have been financed by zero percent credit card deals and mewing. Now that they can't mew and the credit cards aren't as free with their cash, I've noticed a real nosedive in the number of small business start-ups. People simply got used to mewing their mortgage to live their normal day to day lives. Add in that the people who were constantly remortgaging their unprofitably buy to let empire and it isn't hard to see why the property price crash has beggared the entire economy.

Any actual evidence for this ?

http://www.bytestart.co.uk/content/news/statistics/startups-q1-2008.shtml