Estate Agent group say housing sector is fragile

joe_blotts

Mr._Pricklepants wrote: »

It's in the article, joe
Homeowners are paying down debt.
What they are not doing however is...
And why would they, with these rates?

Thanks, Do you mean debt tied to the house, like kitchen and extension loans etc or personal debt? Can't quite get my head around it.

Edit. Maybe penny dropped, is it they are paying off old housing equity withdrawl loans but not the mortgage? That might make sense

Graham_Devon

FTBFun wrote: »

Your thread title is wrong - you say "estate agent group say housing sector is fragile", but what was actually said was "the housing market for first time buyers as fragile".

Obviously that wasn't deliberate in the slightest to make a point. Ahem.

Get on to the BBC quick. Their title is "housing market is subdued".

If the title of my thread is the only thing you can fault, then I'm pleased

Graham_Devon

joe_blotts wrote: »

Thanks, Do you mean debt tied to the house, like kitchen and extension loans etc or personal debt? Can't quite get my head around it.

Edit. Maybe penny dropped, is it they are paying off old housing equity withdrawl loans but not the mortgage? That might make sense

Basically they are paying their monthly mortgage amount.