David Wilson Homes: A Huge selection of 1,2,3,4 and 5 bedroom properties It Looks Like David Wilson Have at last bit the bullet!!
£124,950 is still too much for one of their 5 bed boxes though!
Original post by wdbeast
Guardian: Gordon Brown urged to start state bank to save British jobs “As banks restrict their lending to individuals and small businesses, they risk dooming the economy to an even deeper recession,” McFall warns. “This is the economics of the graveyard.”
Original post by gardeniadotnet
Trying to follow the economic, housing, and financial news these last few months is like trying to drink water from a broken fire hydrant. Where to begin? Good news for you readers in the adult film industry, it looks like another group pitching a tent for a bailout is those in the porn industry. Larry Flynt stated that Congress must “rejuvenate the sexual appetite of America” and amazingly, this argument has as much validity as all the other ignorant and preposterous bailouts.
I know many people have certain moral feelings to certain industries but if the thesis of the bailout argument is to keep Americans working, then why not? That is the problem we now face. Why bailout auto workers and banks but not retailers and casinos? Or what about bailing out credit card companies? Either way, these are common problems faced when we go down the slippery slope of bailouts. […]
Original post by drhousingbubble
The Twists are old Asia hands, and they remind me that, for whatever reason, Western calendar year-end is a big deal for the host cultures of the foreign central banks that have been buying America’s debt over the last few years. Their increasing appetite for single-malt has become legendary around here — maybe they’ve started celebrating Hogmanay? Anyway, I had a look at our data-set, and indeed the first couple of weeks in a year don’t usually see big moves (it’s not universal, though, early 2006 was pretty lively). This year’s early days aren’t just quiet, though, they’re just about dead.
Big hat-tip to twist and Freedom’s Phoenix for this dig [1] that details reasons for a waning appetite for US Treasury Debt by China’s central bank. Doom will be watching very closely to see which way the numbers break in a week when the cenbankers get […]
Original post by John M.
Calculated Risk: Housing: Declining Rents (US) After rising for several years, rents in the Los Angeles area are declining because of the economic recession and depressed home prices, researchers, real estate agents and property managers say.
The lower local rents match a national trend, according to a report released Wednesday showing apartment rents fell in 54 out of 79 U.S. metropolitan areas in the fourth quarter of 2008. Softening rents add another obstacle to a housing market recovery, economists say, because tenants with low rent payments feel less urgency to buy a home.
Original post by drewster
Independent: Foxtons caught in housing market slump The future of another one of Britain’s most recognisable high street brands was hanging in the balance last night after it emerged that the estate agent Foxtons had breached lending agreements with its banks.
The buyout firm BC Partners, which bought Foxtons in May 2007, is reluctant to pump any more cash into the company after worse-than-expected market conditions pushed it into crunch talks with its lenders.
BC Partners paid £360m for the company just before the credit crunch hit, borrowing £360m to fund the purchase. They have now acknowledged that the acquisition was ‘ ‘mistake’ after a 60-70% slump in sales led the company to breach its banking covenants,
Original post by little professor
Boston.com Homes: Catching a falling knife? “…First is limited land. The supply of land here on Earth is fixed, thanks in part to water covering about 70 percent of our globe. And because people are prone to reproduce, demand for land and housing continues to grow…”
Indeed, we heard it all before, from the experts and the likes, from Krusty and Phil back with a new series. Oh dear, people will never learn……
Another one “…Real estate has produced comparable long-term returns to the stock market…”. Damned, need to buy quick, quick, I can feel that pent up demand knocking at my door.
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Original post by fjcruiser
Bloomberg.com: Stocks to Struggle as Earnings Fall, Citigroup Says “To be able to call a meaningful turn in global equities we need to be closer to the bottom in the corporate earnings cycle,” the strategists wrote. “On our forecasts that is more likely to happen in 2010.
Original post by v stor
Reuters.com: Buyers rejoice: Manhattan home prices finally fall “It probably started at the beginning of November, but things over the last three or four weeks have changed even more dramatically,” said Germano, 30, a Smith Barney financial adviser.
Original post by v stor
mortgagestrategy: L&G forecasts big hit to remortgage market Legal & General mortgage club is predicting that the remortgage market is set to suffer as SVRs fall in line with base rate cuts. L&G’s Mortgage Purchase Index for Q4 2008 shows that 17% fewer borrowers took up a variable rate than in Q3, despite the recent cuts to base rate.The data, which is based on 18,683 mortgage applications through L&G’s mortgage club, also shows 65% of borrowers chose a fixed rate deal during Q4. This is marginally up from the 63% recorded for the previous three months.The research also shows that the average two-year fixed rate for Q4 was 5.90%, down from 6.38% in Q3.
Original post by jack c
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