So the Rock was wrong ?

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thunderlizard replied

9 July 2009, 10:58
I hope not. I've got 6 months'-worth of my war chest with them.
Leave a comment:
Menelaus replied

9 July 2009, 10:55
Originally posted by Cyberman View Post

http://news.bbc.co.uk/1/hi/business/8141584.stm

This is a dumb-ass idea, and not just for the simple it's a bad idea anyway reason but also because Nationwide are taking a punt that the fall in house prices is over (and it's not).

Run on Nationwide, anyone?
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thunderlizard replied

9 July 2009, 10:54
Hindsight is a wonderful thing after all.
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Cyberman replied

9 July 2009, 10:53
Originally posted by thunderlizard View Post

Yes. Because some of the rising unemployment and house price falls have already happened in the past 2 years.

OK... you convinced me !!
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thunderlizard replied

9 July 2009, 10:52
Originally posted by Cyberman View Post

With rising unemployment, interest rates going through the roof soon, and a further crash possible...........

Yes. Because some of the rising unemployment and house price falls have already happened in the past 2 years.
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suityou01 replied

9 July 2009, 10:47
Originally posted by Cyberman View Post

With rising unemployment, interest rates going through the roof soon, and a further crash possible...........

inevitable

HTH
Leave a comment:
Cyberman replied

9 July 2009, 10:47
Originally posted by thunderlizard View Post

No. It makes more sense to offer 125% mortgages now than it did 2 years ago.

With rising unemployment, interest rates going through the roof soon, and a further crash possible...........
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thunderlizard replied

9 July 2009, 10:41
No. It makes more sense to offer 125% mortgages now than it did 2 years ago.
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Cyberman started a topic So the Rock was wrong ?

9 July 2009, 10:39
So the Rock was wrong ?

http://news.bbc.co.uk/1/hi/business/8141584.stm
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