House prices being slashed in panic to fund margin calls
This is gas. First they now admit house prices are cyclical . 12 months ago they still pedalled the line house prices can’t go down.
Secondly the feel sorry for the people selling at the bottom of the cycle.
Well if this is the bottom of the cycle what phrase will they have to use to describe the sitauation in 12 months time? Also they feel sorry for people who were activatley gambling their house on the stock market, Surely now is a time to take the position “You should not gamble your house on the stock market it is irresponsible and will get you into a mess like this”