Housing market best for 30 years
Alternative front-page headline for this morning's Independent. According to an ICM poll for the BBC, 28 per cent of people want house prices to fall, 22 per cent want them to rise and 46 per cent, bless them, want them to "stay the same".
Now, for the weather forecast: "Better weather expected on Thursday with thunderstorms bringing the rain that made this country great."
Wihtout rain we would have a drought. Someone could write a poem based on that. Maybe I will.
Posted by: DIRTY EUROPEAN SOCIALIST | Tuesday, 13 May 2008 at 12:57 PM
my divorce settlement gave me 70% of the home my 70% is drastically being reduced by the courts and falling prices. My mortgage potential has been cut by more than half or is non exsistant to some lenders due to the credit crunch and my new status as a "" single parent"" i pay all the bills and a 50k mortgage dispite this lenders will not give me a 20k mortgage
The courts have just took 30k off the marital home value and landed me with 8k costs because he will not wait for a sale to get his 30% dispite walking away with all his business cars endowerments etc This may get reduced again due to the fall in prices.
When i move i loose my business premisses based at the home this reduces my hours and working tax credit will stop leaving me and my 2 school aged children on £80.00 per week
I WOULD SAY YES THE CREDIT CRUNCH HAS HIT ME
Posted by: heather | Tuesday, 13 May 2008 at 04:17 PM
Sorry to hear of your problems Heather and hope they will improve.
Why anyone is surprised that this has happened baffles me as Blatcherite economics were based not on a national productivity strategy but on cheap credit and rising house prices. It was a South Sea Bubble that they encouraged to grow irregardless of the ultimate cost to the people of the country. The muppets in Westminster are culpable but we must also accept blame for blindly following their lies about the strength and success of our non existant economy. The whole country is a SuperCasino, the City, property, Credit, it's all built on a house of cards.
Posted by: flipped | Tuesday, 13 May 2008 at 04:35 PM