real estate investing dvd
The value of an average house in the UK has been decimated over the past two years and there seems no end in sight to the current crisis we are in Many persons owners, landlords, estate agents, insurance companies and realtors are all the same question, when will all this doom and gloom end?
Confidence is the key in my humble opinion. When banks and building societies do not have the confidence to lend money if the purpose of a commercial or personal loan. Many well-managed small companies have gone to the wall because they can not get the credit they need, this in turn results in people who lose their jobs.
The general public does not have the confidence to spend their hard earned money because they are panicking about the future. The public has no confidence in the banking sector and therefore hide the money under the bed, just like old times.
The Government has no confidence in senior management financial organizations and their support staff, after all, was one of the possible reasons why we are in this mess.
Until confidence returns then housing prices will continue falling. How long this will take for confidence to return? Well, I personally believe that not until the end 2010. Yes, it can seem very far, but we're in big trouble and have a brave government to take the huge step that will begin to resolve this massive crisis. What big step is that? Well, the main problem is due to the lack of credit, what is the point of rescuing the banks to the tune of millions if not then willing to lend the money? None whatsoever. The answer is for people and businesses to go directly to the government to borrow money, the government will pay the loans, etc.
Steve Hill is a webmaster from Birmingham, he has interests in a number of websites including:
Real Estate Investing
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