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Carpet Sales Fall

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If you don't move, you don't spend. Large parts of the retail economy are dependant on movers. With prices where they are there won't be nearly as many movers as before.

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too true. i blame the influx of millions into fake HPI inflation so people could emigrate to new zeland, while all the uk shops and associated businesses which were based on the moving living markets of the 20 somethings.

there are NO twenty somethings with new houses any longer.

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I would really like to know what proportion of the UK's economic growth over the past 4 years has been property related.

E.g. Home interiors, appliances, flooring, DIY, builders, property developers, property TV program making, gardeners and landscapers, estate agents, marketing and advertising, and on and on and on.......

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Not sure about the whole of housing , but on average 9% of peoples incomes was Morgage equity withdrawl (MEW), ie 9% of the countries total income was remorgaging houses!!!!!! Over the past couple of mounths people have suddenly stopped doing this, and MEW has dropped to around 3% of income. Such a large drop in 'income' has to have a profound effect the money in peoples pocket and the economy.

Will a drop of 6% of income, equate to a drop of 6% in sepending,cause high street shops to cut costs by 6%, by making 6% of staff redundant? Is this already happening?

http://www.housepricecrash.co.uk/house-pri...rash-graphs.php

The attached graph shows MEW against income, you will see in the last crash MEW also increased and crashed, however this time it is different, MEW as a percentage of income rose even higher, and has crashed alot more quickly.

The similarities between 2005 and 89/90 are striking. Personally i think MEW will increase slighty exactly like last time, before decending even further...

MEWPercentageIncome.JPG

post-552-1124184191_thumb.jpg

Edited by moosetea

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Not sure about the whole of housing , but about 10% of the economy was running on Morgage equity withdrawl (MEW).  Over the past couple of mounths people have suddenly stopped doing this :

http://www.housepricecrash.co.uk/house-pri...rash-graphs.php

The attached graph shows MEW againt income, you will see in the last crash MEW also increased and crashed, however this time it is different, MEW as a percentage of income rose even higher, and has crashed alot more quickly.

The similarities between 2005 and 89/90 are striking. Im expecting MEW to increase slighlty (exactly like last time), before decending even further...

I want to make an appeal to Webmaster to modify his MEW chart. It currently does not adjust for inflation.

Edit: Granted, it does show the fall off in MEW lately.

Edited by Losing Faith

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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