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I didn't follow it closely, but wasn't some proposals from the UMP or the government making the round for allowing to use  house-equity for backing consumption loan?

Anyway, "quand le batîment va, tout va", and I believe it is a main reason why the growth in France or Spain is so positive. I'm not sure you can't call it a froth in France. The prices went up across the board. Plural of anecdotes is not datas, but people I know are quite frenetic about investing in houses with the low interest rates we had.

Maybe they feel the ECB won't allow it too long. One wonder why ;-)

La répartie est dans l'escalier. Elle revient de suite.

by lacordaire on Tue Aug 29th, 2006 at 05:45:44 AM EST
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