No let up in Doom till at least 2010

[DimPrawn]

http://www.guardian.co.uk/business/2...eprices.crosby

The fallout from the credit crunch will make it difficult for would-be homeowners to obtain mortgages until at least 2010, according to a gloomy report commissioned by the Treasury from former HBOS chief executive Sir James Crosby.



So that's the housing market falling for 2 more years at least.

I reckon prices will halve from their peak.

Boomed!

[The Lone Gunman]

I dont know what all the fuss is about. My fixed rate mortgage came to an end and the lender proposed a ridiculous rate. I said no and wnet to another lender who was only too happy to offer a mortgage at a better rate than I had.
Considering I had been benched for 8 months it cant be that bad.

[sasguru]

I dont know what all the fuss is about. My fixed rate mortgage came to an end and the lender proposed a ridiculous rate. I said no and wnet to another lender who was only too happy to offer a mortgage at a better rate than I had.
Considering I had been benched for 8 months it cant be that bad.

When was that? I think you'll find the pool of lenders has declined since then

[The Lone Gunman]

When was that? I think you'll find the pool of lenders has declined since then

agreed 6 weeks ago signed off this week.

[Xenophon]

agreed 6 weeks ago signed off this week.

Good work, TLG.

No-one is doubting the fact that it isn't great at the moment, but it is rarely/never as hideous as the sensationalist British press make it out to be.

Bless 'em.

[Likely]

But in 2010 /11 prices are expected to climb 25 percent post the credit crunch... I am pocketing now and hoping to get me first 2 properties next year !!

[rootsnall]

http://www.guardian.co.uk/business/2...eprices.crosby

The fallout from the credit crunch will make it difficult for would-be homeowners to obtain mortgages until at least 2010, according to a gloomy report commissioned by the Treasury from former HBOS chief executive Sir James Crosby.



So that's the housing market falling for 2 more years at least.

I reckon prices will halve from their peak.

Boomed!

Extra gloom to pave the way for Gordo to announce his taxpayer bailout of banks and house builders. Buy bank shares now, BOOMED !

[ace00]

I'll see your doom and raise you 1:

UK mortgage slump set to continue until 2011

http://business.timesonline.co.uk/to...cle4421993.ece

The seizure in the UK mortgage market is set to continue until 2011, prompting a rise in repossessions, an influential review of the mortgage market said today.

[BlasterBates]

I have to say this is the weirdest recession I've experienced. I was expecting to have been sacked by now, and yet everythuing just chugs on as normal.


I wanted some "forced time off"

[TheBigYinJames]

I'll see your doom and raise you 1:

UK mortgage slump set to continue until 2011

http://business.timesonline.co.uk/to...cle4421993.ece

The seizure in the UK mortgage market is set to continue until 2011, prompting a rise in repossessions, an influential review of the mortgage market said today.

And you the Beeb are reporting that house prices fell by... wait for it... 1% in June.