Mortgage Availability

Bantex_2

Generali wrote: »

Amazing huh. He lives on Capitol Hill as well, not in some crappy suburb outside the beltway.

Does make you wonder where we went wrong when (I would guess) a decent sized place on Capitol Hill costs the same as a two bed flat in Balham.

Generali

Bantex wrote: »

Does make you wonder where we went wrong when (I would guess) a decent sized place on Capitol Hill costs the same as a two bed flat in Balham.

The Green Belt.

purch

The ability of a couple of random blokes to get their desired mortgage financing is not a vote on the health of the Worlds economy.

Mortgage rationing implies a deliberate act, that can easily be changed, or that should easily be changed.

Credit is in short supply, and should be directed into areas that will do the greatest good for the whole economy.

That a spiv like Schapps wouldn't qualify for his financing under the new rules, says far more about him than it does the current credit climate.

michaels

Generali wrote: »

I think as boss of the Fed it's generally considered poor form to set monetary policy for the purposes of boosting your net worth.

Pah! I'm crossing off central banker.from my career bucket list in that case. I had assumed it was one of the perks of the job like first access to clearance merchandise in Curry's or free floor food at MacDonalds....

Thrugelmir

purch wrote: »

Credit is in short supply, and should be directed into areas that will do the greatest good for the whole economy.

As long as banks are being asked to recapitalise, make provisions for prior deeds, lend profitably, lend responsibly whilst at the same time deleveraging. Then the financial system will remain stuck in the quicksand.

chewmylegoff

shortchanged wrote: »

So this means he is one of the ticking time bomb crowd. :eek:

Does this mean we've finally located the Alt A time bomb?!

purch

chewmylegoff wrote: »

Does this mean we've finally located the Alt A time bomb?!

Last time I looked for it, it switched my laptop off :eek: