Wednesday, April 1, 2009

BOE HEW report: Negative investment.

The BOE reports that Home Equity Withdrawal, HEW, is down at 2008 Q4 is -£8.0 billion.

This means that persons, who invested in their home, but did not have the value extracted from that investment to go to other market purchases non home related--school tuition; financial products or any other non home purchase or home development investment, was down.

This means that persons are losing considerable value on their homes. Compared to -£5.9 billion in 2008 Q3, this is a sharp increase of just about 35%.

Homes are being devalued and persons, are not spinning this equity into tangible market purchases and investments.

Sharp decreases over the last three quarters as well.
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