Looks as though there is a house price crash in the offing – also a stock market crash too.
Take care where you invest your money. Do not buy property to let.
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There’s no doubt that Mortgage Companies going bankrupt is going to add to the proplem and speed up things.
I`m afraid it will, but can house values really drop 50% in a month,where has the money gone?
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Looks as though there is a house price crash in the offing – also a stock market crash too.
Take care where you invest your money. Do not buy property to let.
You can find out more about what’s happening in the financial sector from this website : -
Money Morning is the leading source of investment research on the global markets. Our free daily service provides news, research, investment opportunities …
http://www.moneymorning.com
There’s no doubt that Mortgage Companies going bankrupt is going to add to the proplem and speed up things.
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It has to. If no one can borrow the money to buy a house, then none will get sold, which has the knock on effect that prices may have to drop which could trigger worse for the economy as a whole.
I think anyway
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i hope so – sold my house last year praying for crash before i but another
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No, the sub prime mortgage collapse will not be the sole reason housing collapses. Sub prime lenders served poorer credit loan candidates which is only part of the aggregate home buying consumer. Since their adjustable mortgages have reset, this only affected a minority of all homeowners. Interest rates are still low, demand has weakened, and sellers arent slashing prices much yet.
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just yesterday i read house price will rise 40% in 5 years so where are we
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folk who want to buy a reasonably priced property can only live in hope
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Hi,I honestly do not expect a crash & cannot see house prices dropping.Has for people investing to rent if they stop buying up the properties then people will be able to get on the property ladder.We bought out home in 92 with in a year the interest rates were 15% we struggled however we made it
& last month managed to pay the final payment off the morgage.
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