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2008 the year of UK subprime?
Comments
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dolce_vita wrote: »Pink muppet.
All I can say is you are in for a shock.
Oh.........And a lesson in how economic cycles work.
(so it's not all bad)
Hi Dolce Vita :hello:
I do think prices will drop but do you really think that in the course of time you will be able to pick up 3 bed houses in London for £40k ???:j Where there is a will there is a way - there is a way and I will find it :j0 -
do_it_today! wrote: »Hi Dolce Vita :hello:
I do think prices will drop but do you really think that in the course of time you will be able to pick up 3 bed houses in London for £40k ???
40k? In London?
No, no chance.
But certainly big reductions on current asking prices.dolce vita's stock reply templates
#1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided
#2. This time next year house prices in general will be lower than they are now
#3. Cheap houses are a good thing not a bad thing0 -
do_it_today! wrote: »Hi Dolce Vita :hello:
I do think prices will drop but do you really think that in the course of time you will be able to pick up 3 bed houses in London for £40k ???
I really like you do it today.0 -
dc...The more i read your posts the more i am convinced you should be posting on HPC forum....:A0
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Thankfully, by and large our banks (bar one or two) did put the mockers on irresponsisble lending during the salad days of 2004-2005.
How do you know this? If 20% of loans in 2006 were either “subprime” or were “made to a homebuyer who offered no proof of income" (FT) then why would the situation have been any different in 04/05?
Mass unemployment in the US? I thought their unemployment figures were roughly the same as ours (in % terms), but are now increasing due to the credit crunch, not the other way around...Secondly, the sub-prime crises is worst in areas that are experiencing mass unemployment in the US.0 -
BoilerBoy ... care to comment?0
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