HSBC: UK House prices overvalued by 30%

[NoddY]

"‘Bubble to burst for 30% overvalued homes’

http://business.timesonline.co.uk/to...cle2963482.ece

"House prices in Britain are overvalued by about 30 per cent, the HSBC said yesterday, sounding the alarm that the property market could suffer a similar slump next year to that experienced in the US."


Doomed. Big time.

[Sockpuppet]

But are they going to stop lending to people with anything less than a 30% deposit.....

Are they heck.

[Spartacus]

But are they going to stop lending to people with anything less than a 30% deposit.....

Are they heck.

Exactly.

Boomed.

[Clippy]

HSBC's answer is to lend 30% extra - on top of the current 5 times multiples.

Everyones a winner Rodders.

[Diver]

Why borrow? pay cash

[Diver]

All IT contractors earn enough to save cash for a house in 5 years

[EqualOpportunities]

All IT contractors earn enough to save cash for a house in 5 years

But we don't do it, do we? We start buying flash motors and Crystal instead of Skol...

[Diver]

But we don't do it, do we? We start buying flash motors and Crystal instead of Skol...

Anybody that pays more than a grand for a motor needs his head read

[EqualOpportunities]

Anybody that pays more than a grand for a motor needs his head read

My last one was 2k, but on the whole I agree.

[Churchill]

Anybody that pays more than a grand for a motor needs his head read

What if it's a once in a lifetime "Happy Divorce Day" present to oneself?