Sub Prime Mortgages
The big difference between the developing world and the developed world is the availability of credit to consumers. This creates demand in the consumer sector and is undoubtedly a good thing but, as we all know, we can have too much of a good thing.
The wobbles in the US stock market over the last few days have been a result of problems in the US sub prime market. Of course over here everyone in the corresponding sector over here is strenuously denying that there are any parallels between the US and UK situations, but, as they say, MRD Applies.
It is very interesting that the UK has an extremely low savings rate, while 50% of most new apartment developments are snapped up by BTL investors. This is because of the easy availability of credit for these investors who are able to purchase real estate with zero capital.
Independent article on sub-prime mortgages
One of the many websites promising to make you a millionaire in no time flat.
The wobbles in the US stock market over the last few days have been a result of problems in the US sub prime market. Of course over here everyone in the corresponding sector over here is strenuously denying that there are any parallels between the US and UK situations, but, as they say, MRD Applies.
It is very interesting that the UK has an extremely low savings rate, while 50% of most new apartment developments are snapped up by BTL investors. This is because of the easy availability of credit for these investors who are able to purchase real estate with zero capital.
Independent article on sub-prime mortgages
One of the many websites promising to make you a millionaire in no time flat.