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Old 20-11-07, 05:42 PM   #6
G
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Join Date: Apr 2007
Posts: 3,770
Default Re: "Second British lender warns that its future is in doubt"

i dont think there will be a housing crash, people arnt stupid, they arnt going to reduce their house prices because the economy has gone boom.....they will just not move.

Those select few that HAVE to move will take a serious hit though.

The cheap houses that come on the market will all be repo's and trashed or ****ty.

In summary i cant see it making a damned bit of difference to the property market except they will stop going up.

Theres a good article about it on the timesonline website from a few days ago
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