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House Price Crash Forum


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About jonewer

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    Spelthorne - North West Surrey
  1. 2 of the 6 places I viewed on saturday are now under offer.
  2. There! You see! You are trying to apply reason and logic where it is not applicable.
  3. Gordon eats 250m on is cornflakes. Its barely even pocket money to this government.
  4. I have turned bull. Not because I want to or because I think its a good thing, but because I just cant ignore the evidence anymore. All the logic and reasoned arguments in the world add up to precisely sodall when it comes to the housing market. This is why we had HPI for all those years when simple common sense said it was impossible. And its also why we have it now. The UK housing marker simply isnt reasonable. It defies reason. It defies logic. And it absolutely will not stop.
  5. He writes for the guardian. What do you expect?
  6. No. Demand (and value) for property is based on the availability of credit. If there were NO mortgages, the average price of a house would drop to something like that of an average car.
  7. Using the Ferrai analogy, just because few can afford them, doesnt make them cheap.
  8. Shelter dont want affordable housing in the sense those on this forum do. They want affordable housing in the newlabourspeak "Thousands of 1-bed shoe box luxury apartments built on an old arsenic smelter next to sink estate that will cost £350,000 each" sense of it.
  9. I doesnt matter if most landlords maybe wont turf you out. The fact is it could happen. At least when you own then they have to have a reason for kicking you out. I dont buy all this "Renting is so much better than buying" stuff. If thats the case, then why subscribe to a site the complains about how expensive it is to buy? Surely if renting is so wonderful then theres no cause whatsoever to wish for a crash.
  10. No, check the Nationwide index. Its almost at 10%. You do know Nationwide dont you? Its the source of the chart on the front page of this site.... the one that hasnt been updated for quite a long time.
  11. Property is not just about investment. Its about having a home with security. Renting does not provide any security at all, you can be hoofed out in 2 months for no reason whatsoever, even if you do pay the rent on time every time. At least if you buy a place, they have to wait until you default on the loan before they can try and kick you out.
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