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Economists warn jump in home loans is unsustainable

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Comments

  • kennyboy66_2
    kennyboy66_2 Posts: 2,598 Forumite
    Generali wrote: »
    The cynic in me says it is seasonal as you're approaching election season.


    Difficult to be seasonal because of an election when it is highly probable that the election is at least 6 months away and more likely 10 months away (betfair go 6/1 that there will be an election in 2009). We can hardly argue that its seasonal for the next 9 months due to an approaching election.

    What was more worrying about those numbers was that business lending was falling.
    The complete opposite of what we need.
    US housing: it's not a bubble

     Moneyweek, December 2005
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    The reference is to current levels of activity.

    (a) Seasonable demand will weaken ( people move in Spring to get their kids in schools for the autumn for eg.)

    (b) There is insufficent mortgage funding to support continued lending at this level.

    my comments were directed at the quality of the journalism that contradicted itself.

    in saying that, it could be seasonable. until we reach October or November we won't really know. we can only assume.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Bloo_Loo wrote: »
    Houses more expensive? Positive?

    the only thing a house creates is loans.


    errm, and a Tax free wealth store, useful for downsizing retirees. Germans like cash, we like property.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    my comments were directed at the quality of the journalism that contradicted itself.

    in saying that, it could be seasonable. until we reach October or November we won't really know. we can only assume.

    Mortgage approvals are made ahead of the actual advance being made (ie completion). So the trend for the autumn will be fairly clear by the time we hit September.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Conrad wrote: »
    errm, and a Tax free wealth store, useful for downsizing retirees. Germans like cash, we like property.

    I was under the impression that they like utility companies. A better yielding investment than property.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Wookster wrote: »
    http://www.independent.co.uk/news/business/news/economists-warn-jump-in-home-loans-is-unsustainable-1754574.html



    Yup, I thought it was merely seasonal.

    So now it is the summer bounce rather than the spring bounce icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
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