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House Price Crash Forum


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About thedebtisreal

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  1. So... you've been renting for a decade and managed to buy a place bigger than you need, with a large deposit and a mortgage (I assume repayment) at a cheaper rate than your rent. Why didn't you buy earlier when things were cheaper? Did the area not rise much? Did you come into money suddenly?
  2. This fighting is pointless. All this could be resolved with just one policy. No politician has the balls to enforce it. And my generation are too stupid to demand it. A land tax. (Has the amusing side affect of lumbering kingsgate with a crippling tax bill)
  3. They are both evils indeed. You either take the money in tax, reducing spending power and go into recession or you cut down public spending, reduce jobs and go into recession. You can't bring down the deficit and not make the recession worse. Personally, I think we are gonna get both regardless of who gets in. My preference is to cut the public sector as huge amounts of money is needed to create not many jobs. But them I work in the private sector like most of the working population so I would say that.
  4. 6 times? Doesn't leave a lot left at the end of the month does it?
  5. Its worth point out that low rates have not fed through to new mortgages (except for those banks who stupidly gave out long term rate trackers near the base rate) and QE in my opinion is not doing a darn thing and won't until the government reduces its borrowing so that the QE can find itself to businesses.
  6. So bad economic data raises house prices and good economic data crashes them? We've entered the twighlight zone.
  7. Don't know if it will signal the end, but its a pretty strong sign at least that this IS a bull trap.
  8. Quiet. No argument here. Here's the teeth grinding irony though. If banks lose people who make them money then they lose money and we never get paid back! There is no point rescuing a bank, then hobbling it so it can't compete any longer.
  9. If they did, don't you think he'd be doing better in the polls? Personally, I have no idea what will happen next. Hence I am now a neither, but I still feel no pressure to buy so people are welcome to it if its that important.
  10. Can i remind you which party it was that bankrupted the nation bailing out the banks? Can I also remind you with party after 12 years in power has created a bigger discrepancy between rich and poor? I'm not Camerons biggest fan myself, but I have to agree with him when he tells Labour "don't you dare lecture us about poverty. You have failed" He may have the answers he may not. But the current lot have failed. Time to try something new.
  11. No, but does it not mean that those that provide the funding do?
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