House prices 'see sharp decline'
Is it the start of a new phase of accelerating downward trend? Hard to say, put the trend is definitly tend, a lot of people bet their home that it would not. That's only the beginning - see the mortgage market.
Talking about mortgage market, it's more of a return to normal than a crunch for the moment. Who could think that a 125% mortgage is a sensible idea?
Tuesday, April 8, 2008
It's all over paper/tv/radio
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I agree with you about the return to normal about credit... indeed I was always amazed with >100% mortgages, as I thought (naive) that the norm was 95%.
I was thinking about you reading the article on the BBC website yesterday...
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