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Debate House Prices
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UK mortgage approvals steady, consumers pay down credit
Comments
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Thrugelmir wrote: »Have the BOE published their figures?
http://www.bankofengland.co.uk/statistics/li/current/index.htm
Statistical releases, lending to individuals.US housing: it's not a bubble
Moneyweek, December 20050 -
For the doom-mongers, if I read the Housing equity withdrawal figures correctly, it amounted to at least 5% of GDP each year from 2002-2007, 2003 being the peak.
It has reversed by about 2.5% of GDP in the last 3 Quarters & looks set to continue.
Not good for German car producers or people building extensions.US housing: it's not a bubble
Moneyweek, December 20050 -
kennyboy66 wrote: »For the doom-mongers, if I read the Housing equity withdrawal figures correctly, it amounted to at least 5% of GDP each year from 2002-2007, 2003 being the peak.
It has reversed by about 2.5% of GDP in the last 3 Quarters & looks set to continue.
Not good for German car producers or people building extensions.
Reversed suggests thats its being repaid.
Stopped in its tracks maybe a more apt term.0 -
Thrugelmir wrote: »Reversed suggests thats its being repaid.
Stopped in its tracks maybe a more apt term.
If you look at the data, it is clear that repaid, whether it is because banks won't lend or people don't want to borrow, the effect is the same.US housing: it's not a bubble
Moneyweek, December 20050
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