HSBC says house crash is over.

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Menelaus replied

30 September 2009, 09:10
HSBC are wrong, and missing out on / ignoring the fundamentals.

The length of this dip (e.g., upswing) in the midsts of the recession means that the second part of the W will be longer and more severe.
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TimberWolf replied

30 September 2009, 08:48
The crash isn't officially over until liar loans are back.
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Spacecadet replied

30 September 2009, 08:48
HSBC was always one of the more prudant lenders.
90% LTV max and demanded a squeeky clean credit record
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Muttley08 replied

30 September 2009, 08:47
500 million...

If I've got my sums right...average house price about 250k...which means they'll provide 10,000 mortgages (maximum - in reality, very little happening at the bottom end of the market)...average number of mortgages atm is 30,000 a month in the UK...sounds a bit like urinating in the wind to me...
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minestrone replied

30 September 2009, 08:46
Strange when the headling says "'Housing crash is over' declares HSBC" nobody from HSBC actually says "Housing crash is over".
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DimPrawn started a topic HSBC says house crash is over.

30 September 2009, 08:43
HSBC says house crash is over.

http://www.dailymail.co.uk/news/arti...-90-loans.html

Britain's biggest bank has promised to lend an extra £500million to homebuyers applying for 90 per cent mortgages.

HSBC has made the pledge after declaring that the housing crash is finally over.

The move is expected to end a desperate shortage of this type of high loan-to-value mortgage.

Boomed!

Pile in chaps!
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