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lowrentyieldmakessense(honest!)

Let Home Prices Fall

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What an idiot. YOu've seen what happens when house prices fall.

No thanks.

You`ve also seen what causes house prices to fall.

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What an idiot. YOu've seen what happens when house prices fall.

No thanks.

For once and for all Sibley, would you please explain why unaffordable mortgages are a good thing?

Why would higher house prices be a good thing?

And finally, when a hundred thousand people a month are losing their jobs right now, what makes you think house prices are about to go up?

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What an idiot. YOu've seen what happens when house prices fall.

No thanks.

Keep force overfeeding an animal and its stomach will burst.

Lend at crazy irresponsible(y) levels and the banks will go...?

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Bigger idiots have not seen what happens when house prices rise.

Its over, the country is bust and the people are bust.

I think house prices in real terms must fall dramatically, also land prices.

But how can it happen. Basically hyperinflation or a new currency (fudge) is the only way,

majority of banks are public owned now and I guess the dark powers have the control they need and

have already calculated a doomsday scenario.

What would happen if the Mortgage stayed with the property? rather than with the individual,

ie; the contract could be sold with "years remaining" , so the bank gets its return for the shareholders

(pensions) we get somewhere to live and breed (and keep in good order) and there is a chance to build

communities rather than BTL ghettos(this is gonna be sin city in 5 years time)

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Come on people. The big orange head on Sibley's avatar is there for a reason. He is loving this......

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Progressing the logic of ever higher prices....

Currently the average age of a FTB is approx 36, IIRC.

Add the term of a mortgage, you get to 61.

So, if you "miss the boat" by 4 years, you're bumping up against male retirement age. Beyond that, you're looking at a reduced term mortgage along with higher repayments.

Add to that, ageism in the job market, you're looking at declining earnings beyond 50.

It just doesn't add up on any sustainable basis.

Brought to us by a caring, sharing ZanuLabour government. Shocking.

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Progressing the logic of ever higher prices....

Currently the average age of a FTB is approx 36, IIRC.

Add the term of a mortgage, you get to 61.

So, if you "miss the boat" by 4 years, you're bumping up against male retirement age. Beyond that, you're looking at a reduced term mortgage along with higher repayments.

Add to that, ageism in the job market, you're looking at declining earnings beyond 50.

It just doesn't add up on any sustainable basis.

Brought to us by a caring, sharing ZanuLabour government. Shocking.

and bear in mind that many FTB not in positions to buy family homes - like they used to be able to age 36. factor in a want to trade up at some point!

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What an idiot. YOu've seen what happens when house prices fall.

No thanks.

NO what you are seeing is what happens when an asset bubble inflates to hyped levels and then deflates and the market returns to sustainable levels. Please think beyond your own vested interests!

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What would happen if the Mortgage stayed with the property? rather than with the individual,

ie; the contract could be sold with "years remaining" , so the bank gets its return for the shareholders

(pensions) we get somewhere to live and breed (and keep in good order) and there is a chance to build

communities rather than BTL ghettos(this is gonna be sin city in 5 years time)

Er, nobody would buy houses any more?

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