| Question |
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Will the bankrupcies in Morgage Companies start a crash in the Housing market ?
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| By
Lorne |
Posted on
08/01/07 Total Answers
8 |
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| Answers- |
| I`m afraid it will, but can house values really drop 50% in a month,where has the money gone? |
| Answer by :
cufty mcdade On Date
2007-08-01 05:20:42 |
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| Looks as though there is a house price crash in the offing - also a stock market crash too.
Take care where you invest your money. Do not buy property to let.
You can find out more about what's happening in the financial sector from this website : -
Money Morning is the leading source of investment research on the global markets. Our free daily service provides news, research, investment opportunities ...
http://www.moneymorning.com
There's no doubt that Mortgage Companies going bankrupt is going to add to the proplem and speed up things. |
| Answer by :
Dragoner On Date
2007-08-01 05:42:35 |
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| It has to. If no one can borrow the money to buy a house, then none will get sold, which has the knock on effect that prices may have to drop which could trigger worse for the economy as a whole.
I think anyway |
| Answer by :
James M On Date
2007-08-01 07:07:44 |
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| i hope so - sold my house last year praying for crash before i but another |
| Answer by :
happy On Date
2007-08-01 11:36:32 |
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| No, the sub prime mortgage collapse will not be the sole reason housing collapses. Sub prime lenders served poorer credit loan candidates which is only part of the aggregate home buying consumer. Since their adjustable mortgages have reset, this only affected a minority of all homeowners. Interest rates are still low, demand has weakened, and sellers arent slashing prices much yet. |
| Answer by :
aCeRBic On Date
2007-08-02 13:04:49 |
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| just yesterday i read house price will rise 40% in 5 years so where are we |
| Answer by :
srracvuee On Date
2007-08-07 09:11:37 |
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| folk who want to buy a reasonably priced property can only live in hope |
| Answer by :
katy On Date
2007-08-07 15:20:15 |
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| Hi,I honestly do not expect a crash & cannot see house prices dropping.Has for people investing to rent if they stop buying up the properties then people will be able to get on the property ladder.We bought out home in 92 with in a year the interest rates were 15% we struggled however we made it
& last month managed to pay the final payment off the morgage. |
| Answer by :
Ollie On Date
2007-08-08 04:32:34 |
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