| Author |
Message |
crabs
Joined: 02 May 2006
Posts: 652
Location: london
|
 Posted: Mon Aug 18, 2008 11:22 am Post subject: HBOS to shut The Mortgage Business now you see it now u dont |
 |
|
LONDON (Reuters) - HBOS will cut up to 425 jobs and shut one of its five mortgage brands to new business as the group positions itself for a shrinking loan market and a drop in house prices.
After a decade of booming values and cheap credit, the housing market has seen a sharp slowdown in recent months
http://uk.reuters.com/article/personalFinanceNews/idUKARO42988020080814 |
|
| Back to top |
|
 |
crabs
Joined: 02 May 2006
Posts: 652
Location: london
|
| Posted: Mon Aug 18, 2008 11:24 am Post subject: |
|
|
| oh dear what going to happen to prices? demand is dropping, no more credit no more boom, no one wants to buy a property. who low can it drop, just need to wait 4-5 years to see. |
|
| Back to top |
|
|
montyzuma
Community Moderator
Joined: 25 Jul 2007
Posts: 2236
|
| Posted: Mon Aug 18, 2008 12:02 pm Post subject: |
|
|
demand is dropping? there arent any fewer people where are they all staying?
4-5 years you'll not see it, you'll be well gone by then |
|
| Back to top |
|
|
crabs
Joined: 02 May 2006
Posts: 652
Location: london
|
| Posted: Mon Aug 18, 2008 1:39 pm Post subject: |
|
|
| montyzuma wrote: | demand is dropping? there arent any fewer people where are they all staying?
4-5 years you'll not see it, you'll be well gone by then |
you should really read up on credit expansion and contraction, this has direct influence on demand. |
|
| Back to top |
|
|
reens
Joined: 28 Jul 2008
Posts: 643
|
| Posted: Tue Aug 19, 2008 8:31 am Post subject: |
|
|
| crabs wrote: | | montyzuma wrote: | demand is dropping? there arent any fewer people where are they all staying?
4-5 years you'll not see it, you'll be well gone by then |
you should really read up on credit expansion and contraction, this has direct influence on demand. |
True.
People stay put instead. Without significant forced sales, nothing happens. |
|
| Back to top |
|
|
crabs
Joined: 02 May 2006
Posts: 652
Location: london
|
| Posted: Tue Aug 19, 2008 2:14 pm Post subject: |
|
|
| reens wrote: | | crabs wrote: | | montyzuma wrote: | demand is dropping? there arent any fewer people where are they all staying?
4-5 years you'll not see it, you'll be well gone by then |
you should really read up on credit expansion and contraction, this has direct influence on demand. |
True.
People stay put instead. Without significant forced sales, nothing happens. |
yep, with out forced sales however it has never happend like that, this time round debt is greater than everbefore with more sources of debt, why do you think governments around the world are doing everything they can to stop this from crashing, they can't stop it.
Deflation is just around the corner, anyone with assest such as homes etc.. aprt from gold is going to be hit hard. |
|
| Back to top |
|
|
montyzuma
Community Moderator
Joined: 25 Jul 2007
Posts: 2236
|
| Posted: Tue Aug 19, 2008 2:26 pm Post subject: |
|
|
I think I'll just struggle along.
I'm constantly amazed at how much you know about others people business.
they must teach you some great things at uni these days |
|
| Back to top |
|
|
crabs
Joined: 02 May 2006
Posts: 652
Location: london
|
| Posted: Tue Aug 19, 2008 3:51 pm Post subject: |
|
|
| montyzuma wrote: | I think I'll just struggle along.
I'm constantly amazed at how much you know about others people business.
They must teach you some great things at uni these days |
Economic history and the most common things people do in a boom and in a crisis. You assumed that i never worked? i learned from work, uni and life. People always make the same mistakes in life. |
|
| Back to top |
|
|
|
Gumtree
Search
Register
Log in
Profile
Memberlist
FAQ
