Community Views : What’s on the boards today….29th Oct 2010

29th October 2010

The Guardian

"Housing dip feared as mortgage approvals stall"

OReally comments: "I don't think here's going to be a dip, it'll be a full on crash so I wish we could stop using such wishy-washy language. Tell it how it is.

Luckilly I think most people, government included, realise that everybodys housing costs need to come down and that lower house prices are a good thing for the economy. An over-borrowed minority will squeal about negative equity but that's their problem.

Here's the housing bubble collapse pattern:

1. Volume drops precipitously

Leave a Reply

Your email address will not be published. Required fields are marked *