Comments on: UK mortgage crunch http://www.creditwritedowns.com/2008/08/random-musing-23-aug-2008-uk-mortgage.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: dearieme http://www.creditwritedowns.com/2008/08/random-musing-23-aug-2008-uk-mortgage.html#comment-191 dearieme Sat, 23 Aug 2008 12:12:00 +0000 http://www.creditwritedowns.com/2008/08/random-musing-23-aug-2008-uk-mortgage-crunch.html#comment-191 So, Mark, does the 60% allow for a bit of overshoot? (Or undershoot, if you prefer.) So, Mark, does the 60% allow for a bit of overshoot? (Or undershoot, if you prefer.)

]]> By: Mark Wadsworth http://www.creditwritedowns.com/2008/08/random-musing-23-aug-2008-uk-mortgage.html#comment-190 Mark Wadsworth Sat, 23 Aug 2008 12:02:00 +0000 http://www.creditwritedowns.com/2008/08/random-musing-23-aug-2008-uk-mortgage-crunch.html#comment-190 "How did things get so out of hand?"<br/><br/>Tulip bulbs, South Sea shares ... dotcom shares, housing.<br/><br/>More to the point, if you reverse those income-multiple and LTV ratios, it's easy to rationalise a 60% fall in real prices. “How did things get so out of hand?”

Tulip bulbs, South Sea shares … dotcom shares, housing.

More to the point, if you reverse those income-multiple and LTV ratios, it’s easy to rationalise a 60% fall in real prices.

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