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Re: New mortgage rules on the way
Quote:
Originally Posted by Ignitionnet
There's little appetite for either, NIMBYism is most prevalent in areas where there's the biggest housing shortfall, I'm sure it is in no way related to the high house prices, and no-one seems interested in building as they're all sitting on land banks they paid a fortune for hoping prices will rise enough that they can make some money.
As far as people deleveraging goes the banks are very reluctant to default mortgage borrowers as the more they do that the more it shows how weak their balance sheets with all these billions of mortgage 'assets' backing them up actually are.
http://www.moneymarketing.co.uk/fsa-...042617.article
http://www.google.com/hostednews/ukp...1324168207826A |
It just tell us how much of a mess we are in and l cannot see any improvement for a long time into the future.
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