Originally Posted by
Mondeo Man
its not the house prices thats a worry, its the cost of borrowing, even though the interest rates have dropped the banks still dont have the same lending capacity so their rates are much higher...i've just moved but i agreed my mortgage last year for 10 years at 5.5% with a very good buyout clause and portability.........I couldnt get the same deal for 6.5% now.
ofcourse price is a worry if you own 10 houses and stand to lose 20-30k off each your fucked intrest rates go up your mortgage in turn paying more for something that is worth less in a stagnent market they wont sell anyway
double fucked
thats common sense not just the buyers the owners too so id say yeah its a worry