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Realistbear

House Prices Now Seen As The Hope For Our Future

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http://www.guardian.co.uk/business/2009/au...arket-recession

Prices might be going up, but the new homes aren't

Estate agents may be feeling more optimistic, but better news from the market conceals the truth of Britain's chronic failure to build new homes and keep the dream of ownership alive. By Nick Mathiason

* Nick "Nicholas" Mathiason

* The Observer, Sunday 30 August 2009

Recent days have offered comfort to housebuilders and the government clinging to the hope that the engine of the British economy - a roaring housing market - may be spluttering back to life. On Friday, the Land Registry said house prices in England and Wales rose by 1.7% in July compared with June - the biggest monthly leap in value since July 2004.

What a state we must be in if it is true that they government see HPI as the hope for the future. No wonder Brown has staked his all on inflation in the buidling sector keeping the country afloat. He will do anything to keep HPi on track--even bailing banks out to increase indebtedness.

HPi--our number one priority. :(

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http://www.guardian.co.uk/business/2009/au...arket-recession

Prices might be going up, but the new homes aren't

Estate agents may be feeling more optimistic, but better news from the market conceals the truth of Britain's chronic failure to build new homes and keep the dream of ownership alive. By Nick Mathiason

* Nick "Nicholas" Mathiason

* The Observer, Sunday 30 August 2009

Recent days have offered comfort to housebuilders and the government clinging to the hope that the engine of the British economy - a roaring housing market - may be spluttering back to life. On Friday, the Land Registry said house prices in England and Wales rose by 1.7% in July compared with June - the biggest monthly leap in value since July 2004.

What a state we must be in if it is true that they government see HPI as the hope for the future. No wonder Brown has staked his all on inflation in the buidling sector keeping the country afloat. He will do anything to keep HPi on track--even bailing banks out to increase indebtedness.

HPi--our number one priority. :(

well, when 20% of your industry ( banking 2007) depends on a ponzi scheme to survive, one would be looking for fresh marks to come in and provide the money for bonuses and extreme salaries.

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well, when 20% of your industry ( banking 2007) depends on a ponzi scheme to survive, one would be looking for fresh marks to come in and provide the money for bonuses and extreme salaries.

100% correct. The government and liar loan industry must keep the fresh victims coming into the ponzi or it all collapses around their ears.

Trouble is, they have turned this whole nation into a ponzi racket in the sense that our economic future relies on the scheme to keep afloat.

We are, in effect, "Ponzi dependent."

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Where are these 'fresh marks' going to come from? They've had all our money, our kids money, and their kids money. What's next, a pets mortgage?

FA : "What do you mean no 25% deposit, that's ok. We'll put the 25% down to fido here."

Fido : "Woof!"

FA : "Hmmm. What was that fido, you need more than 25%? Oh yes, moving house is so expensive."

Fido : "Woof!"

FA : "So thats 40% then, eh boy?"

Fido : "Whimper!"

It's a dogs life. <_<

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