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Debate House Prices
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75% LTV cap Rejected by FSA
Comments
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HAMISH_MCTAVISH wrote: »Yes, they utterly fail to grasp the fact that UK house prices were driven by completely different fundamentals.
Are you a relation of David Irving? As you show remarkable similar traits.0 -
this is exactly my point - without the credit crunch there probably wouldn't have been a global recession that has caused all of the economic issues
all of the above is minor in the bigger scheme of things but they're lovely sound bites to reel off now and then
Without the credit boom there wouldn't have been the credit bust.
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Thrugelmir wrote: »Without the credit boom there wouldn't have been the credit bust.
I think it was crunch not a bust
'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 Thatcher0 -
"No mention of LTV cap", as per the mortgage solutions headline, is accurate and fair.
"LTC cap rejected" is pure speculation on Hamish's part.
It is an inescapable statement fact that the Bank is thinking about ways to nip future housing bubbles in the bud and about sharper, more precise, tools to do so than interest rates.
Every half-sensible commentator accepts this. Do you disagree, Hamish? If so, what's your basis for doing so? Would you like me to pull off several dozen broadsheet articles from the last 18 months or so that explicitly state it?
The 'final solution' very likely won't be a 75% LTV cap, and might not even be an LTV cap of any sort. But future housing bubbles are very much in the BoE's sights.
:beer:FACT.0 -
Thrugelmir wrote: »Are you a relation of David Irving? As you show remarkable similar traits.
Oh please......
The only denial and crass attempts at re-writing history going on around here is by those who seem to be claiming it was UK mortgage lending that caused the global financial crisis.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Oh please......
The only denial and crass attempts at re-writing history going on around here is by those who seem to be claiming it was UK mortgage lending that caused the global financial crisis.
Reminds me of this guy
'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 Thatcher0 -
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HAMISH_MCTAVISH wrote: »Oh please......
The only denial and crass attempts at re-writing history going on around here is by those who seem to be claiming it was UK mortgage lending that caused the global financial crisis.
I agree totally. Utter rubbish. Similar to comments like this.Our housing cycle was interupted by a global liquidity crisis long before it's natural end
Shows a complete lack of understanding of the developement of the financial markets from the early 90's.0 -
can you explain what would have initiated the house price drops if there hadn't been a 'credit crunch'?Thrugelmir wrote: »I agree totally. Utter rubbish. Similar to comments like this.
Shows a complete lack of understanding of the developement of the financial markets from the early 90's.
it could have easily have been going now if lending had not of fallen off a cliff.0
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