Quote:with the net result that the risk of price falls is greater here than elsewhere.
se1fan wrote:I've bought my two bed flat with a friend, and we ain't going anywhere. We're not planning on selling up, so can ride out any storm.
urbanite wrote:Do you mean people with existing, say, car loans (in which case, they'll be at fixed rates), or people trying to get car loans in today's market (in which case the loans may be harder to come by, but do you really think that people are ENTITLED to credit, or do you think that credit is something that should only be given to people who have a reasonable chance of paying it back)?Ivahoe...maybe or maybe not, but what about people with credit cards, car loans, and all sort of other financial comitments which are getting harder and harder to access....
urbanite wrote:It stikes me, getting back to the original article that sparked this thread, that we're all exposed to the credit mess that has developed over the last few years, be we a good or bad borrower, and this will inevtably lead to a downturn in house prices.
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