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Everything posted by HXO
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WTF?
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Newsnight Host Has Crush On Blanchflower
HXO replied to loginandtonic's topic in House prices and the economy
I thought it was obvious and I'd hate for sarcasm - which is not the lowest form of wit, by a long way - to have to be prefaced or suffixed with a "sarcasm smiley". Long live ambiguous sarcasm! -
"u.k. Home-loan Delinquencies Worse Than For (us) Subprime"
HXO replied to moonriver's topic in House prices and the economy
Bump, for Sibbers, Val, Hamster & Rhino. -
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"u.k. Home-loan Delinquencies Worse Than For (us) Subprime"
HXO replied to moonriver's topic in House prices and the economy
Of course, I'm such a dullard. -
"u.k. Home-loan Delinquencies Worse Than For (us) Subprime"
HXO replied to moonriver's topic in House prices and the economy
But that's a colossal risk, the reason people generally don't pay is because they can't pay and with unemployment set to rise, how much longer can it last? -
Success or failure? This will be the biggest this year and with rates so low there must be some danger of failure. Would a consequence be immediate interest rate hikes?
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"u.k. Home-loan Delinquencies Worse Than For (us) Subprime"
HXO replied to moonriver's topic in House prices and the economy
Agreed; it's the end of the crash as we know it. Although seemingly (nulabour) have managed to convince the banks/building societies not to be so quick to repossess but for how long can this continue? With the IMF warning that more UK banks may have to be nationalised, well sh*t, it's hardly surprising is it? So, nationalise a few more banks; July and August see more bond auction failures; hike rates; exacerbating the delinquencies. Vicious circle, where will it end? -
Been hangin' wiv' the MPs innit.
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Here! Here! The sage stuff was genuinely funny.
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The expenses money?
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Worth a bump. Superb!
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Well this Link is on for £1000 so £12,000 a year X 14 = £168000 would be a fair value.
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Interest Rates To Stay At 0.5% Well Into 2010
HXO replied to cashinmattress's topic in House prices and the economy
"Interest rates to stay at 0.5% well into 2010" Yeah, until about June. Then when I'm back in power for four years I'll tell Merv to hike them. Best wishes cocksukkas, Gordo -
These guys have been putting up some decent housing market articles of late, here's the latest one: Link
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Sell Now Before Interest Rates Hit 9% On Ne Homes
HXO replied to Mikhail Liebenstein's topic in House prices and the economy
Because base rates are at their lowest ever it stands to reason that the banks would not follow them down, especially given the calamitous state of their books, but wait and see what happens on the way up, the 9% is, I would imagine, referring to an average SVR. -
+1 CF14 sellers are still totally delusional with very few signs of reality taking hold.
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Evidently given it quite a bit of thought then.
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+1 Go Dog!
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One can only hope that people are not stupid but one is so often disappointed. I really am hoping for large discounts but I have an awful feeling that people have capitulated, the masses have believed and responded to the Express type ramping. My feeling is that this will all end in tears, inflation is beginning to let rip, Sterling’s devaluation is only partly responsible; the BOE rate cuts of six months ago - as is traditional - are only now having an effect; QE will only begin to have an effect on inflation come late Summer/Autumn, what sort of CPI & RPI rates will we see then? Enough to start gradually increasing base rates? Or enough to have to drastically increase base rates in an attempt to prevent hyperinflation? For all the economic carnage we've seen recently the government have proven (at least in Cardiff) that they - and their VI in property comrades - can manipulate the public, it's going to take double digit interest rates and then the people who bought/MEWed in the last five years will find their situation untenable, unfortunately, only eight or so months later will prices become realistic in Cardiff. I'm getting really pissed off with this!
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Shockingly SSTC's are up in CF14, now I really can't think why but unfortunately it's a fact. I had an interesting email from Zoopla which provided me a nice list of sold prices for the postcode (and a mile or so around) I gave them, it beats trawling the land registry site, now there weren't many in the last email given that the volume of sales during December & January wasn't large, however, I'm eagerly anticipating the February & March sold prices because then I can compare asking to actual sale prices, using my property bee spreadsheet to determine asking price. I'm reckoning there will be at least a 25% difference.
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Aig's Small London Office May Have Lost $500b
HXO replied to OLDFTB's topic in House prices and the economy
FŮck me. These people have absolutely no grasp of reality.