The credit crunch and the UK housing market
Lombard Street Research economist Jamie Dannhauser on the origins of the credit crunch and what it means for the UK housing market.
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This post was written by Rachael Brencussa on Friday, July 9, 2010, 10:28. Rachael Brencussa has written 3111 posts on this blog.
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Just let your property. And you can insure your rent at LandlordsandLetting from only £52.50 for 6 months.
The goverment wont let the banks go under, at least not the big ones. Its the banks that finance growth in the economy with their loans. which is why the goveremnt is bailing them out. The bailouts wont work, its like pumping money into a black hole. The banks are theiving fuckers, but if they go under we all suffer.
Is anyone listening to this idiot ?
The bankers have robbed us, in one way or another. For all i know, its all for a good reason, but the scary part is that they are lying like this, as a matter of course. he sounds like a school kid, who cant wait to express what he’s just learned with his new journalist moves.
Babble, babble, blah, blah, blah !
If 10% of the people belive this, we will NEVER be free of the bankers secret rule.
banks are today now just as bad as gangsters robbers stealing with there so called fees ,am so glad the greedy bastards are going burst. I hope they suffer ,.greed greed greed ,.ha ha super let them sink.
v informative thanks
The banks deserve it for greed. Plain and simple. They prey on the poor. It is wrong and they should not be allowed get away with it. I hope they all go under. Bastards! And you can shut up you ponce!
well its been a while and things are going well. the correction is happening but not fast enough in my eyes.yet again the banks are not gonna go under because they fleece us in charges and intrest then the government use our taxes to prop up criminal incopitance of the banks.let them go under they may then learn how to manage a business without the knowlage that the tax payer will bail them out.
I bet this involves making money off other peoples misfortune. your not a Vulture are you jason3074?
I agree,seen it all before in the early 90s. Did the banks learn? answer no, they were offering 125% morgages at one point recently.This is far worse, Consumer debt is at a shocking level, This is going to last a lot longer then the 1990s recession
scaleop,you forgot the excremation marks
the credit crunch is the fault of each home owner or mortgage holder. it is not the goverments fault your all greedy. the banks were allowed to fuel this staggering house price boom unchecked. you will never see mortgages of 5 or 6 times sallary again so get ready for a dramatic correction. wages are not going up fast enough to off set this inflation is too high. prices will drop 50 percent in real terms over three years
You want to learn how to make money from property during the credit crunch now is the best time to find buy. I’ve made £10K in less than two months.
we or in the shit big time..thanks a alot.
I noticed the expression”in the long run” which, in bankerspeak, means long enough for bankers to get golden hellos ,bonuses and golden goodbuys before the penny drops
lawlage
age comes down its called senility
what goes up must come down ? how about your age?
what goes up must come down ? how about your age?
what goes up must come down
If there was a shortage of physical property in the UK it would be reflected in rents. Rents have lagged house prices to the extent that yields on residential property no longer cover the cost of finance. There is now an oversupply of rental property that is compounding the low yields issue further. The property boom is global and not exclusive to the UK. Countries with unrestrictive planning laws and land supply have experienced a speculative boom of equal or greater magnitude than the UK.
The origin of the credit crunch lay in the pyramid debt selling scheme which allowed purchasers of overpriced houses[won A.R.M bondebts] to finance their repayments by remortgaging every couple of yearns with tazer rated loans,the subprime in USA PROLONGED THE FARCE BY A COUPLE OF YEARS ,at most
The carnival is over
The goose that laid the golden egg is now stuffed and the mp errors are betwwen the rock and a hard place without any clothes which was the fashion for a while