Now Nationwide have reported one in Mar 2009. Read it now!
Get used to it! House
price rises and the reporting of them I think will become common place. The question is will they creep up or shoot
up?
Do I care? Well I
used to say I did not but now I am a little bit worried. If prices shoot up then this window of
opportunity will disappear quicker than I ever thought.
If we really look at it we have the world leaders meeting up
in London to
talk solely about getting loans to borrowers.
It is quite amazing but when you breakdown why we have one of the most
historic days happening to day with regards to finance it is all about getting
loan funds to you, me and everyone!
So getting loans to us is deemed to be very important.
GREAT! This is why property is such a
good investment as you can use the banks money to make you a return far greater
than any other investment.
So as they sort the problems out property prices will
rise. How quick they rise will depend on
how quick they sort the problem out.
Now I know the government have let us down as they should
have seen all these problems coming but hindsight is a great thing. The good thing is they are over compensating
for their balls up and now applying every resource at hand to fix the problem.
In other words they are going to fix this problem quick
time. It is kind of obvious simply
because we have the greatest minds and powers at be sorting this problem out.
So being a businessman all I care about are the loans that I
can get today, tomorrow and next week.
Expect the mortgage market to get flooded with new products during 2009
and so good bye to the mini crash that changed the face of lending forever.