The Cellar - View Single Post - LJ: credit crunch affecting consumers yet?

ZenGum · 10-05-2008, 07:32 PM

I saw a TV show last night that said in Britain, home mortgage applications are down 98% (!!!!!) on 12 months ago.

I think I heard that right. If I did, that means that section of the economy has basically stopped dead. Housing drives a lot of the economy. I hope I heard it wrong.

10-05-2008, 07:32 PM	#11
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	I saw a TV show last night that said in Britain, home mortgage applications are down 98% (!!!!!) on 12 months ago. I think I heard that right. If I did, that means that section of the economy has basically stopped dead. Housing drives a lot of the economy. I hope I heard it wrong. __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.