The Mudcat Café TM
Thread #94744   Message #1838800
Posted By: GUEST
19-Sep-06 - 11:39 PM
Thread Name: BS: House price crash in the UK?
Subject: RE: BS: House price crash in the UK?
Financial Times reports an expected 20% minimum drop in residential value over the next 24 months as adjustible interest rates rise for low qualified borrowers and forcloseurs mount on those who pulled equity out of over-valued properties. Banks are not in the real-estate business and will quickly unload leveraged debt.

CRASH - No

ADJUSTMENT to fair-market-value - YES