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Consumer Confidence Falls To Six-Month Low

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http://www.bloomberg.com/news/2010-06-29/u-k-consumer-confidence-falls-to-six-month-low-as-budget-provokes-gloom.html

U.K. Consumer Confidence Falls to Six-Month Low as Budget Provokes Gloom
By Scott Hamilton - Jun 29, 2010
U.K. consumer confidence fell to a six-month low last month as Britons became more pessimistic about the economic outlook in the face of planned government spending cuts, GfK NOP said.

Bearish sentiment starting to infect the market. IMO we are now past the turning point and the HPC will resume from where it was interrupted 18 months or so ago. Too much negative out there to give sheeple confidence to borrow themselves into debtor-hell.

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http://www.bloomberg.com/news/2010-06-29/u-k-consumer-confidence-falls-to-six-month-low-as-budget-provokes-gloom.html

U.K. Consumer Confidence Falls to Six-Month Low as Budget Provokes Gloom
By Scott Hamilton - Jun 29, 2010
U.K. consumer confidence fell to a six-month low last month as Britons became more pessimistic about the economic outlook in the face of planned government spending cuts, GfK NOP said.

Bearish sentiment starting to infect the market. IMO we are now past the turning point and the HPC will resume from where it was interrupted 18 months or so ago. Too much negative out there to give sheeple confidence to borrow themselves into debtor-hell.

yes we are entering another deep recession but that doesn't mean there will be HPC. All the evidence is showing the complete opposite. Property companies are again investing in property. Housing associations are creating private unregulated arms that are snapping up cheap flats and homes amid fears that there is no longer a business in social housing.

Banks are again offering 100% mortgages.

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yes we are entering another deep recession but that doesn't mean there will be HPC. All the evidence is showing the complete opposite. Property companies are again investing in property. Housing associations are creating private unregulated arms that are snapping up cheap flats and homes amid fears that there is no longer a business in social housing.

Banks are again offering 100% mortgages.

what you mean like in 2007, the market cant top until such positive sentiment is prevelant, i thought 2007 might have made that obvious.

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...anyway, your graph is overdue Tamara ;)

...like I said b4, HPC won't happen in the UK. If HP will drop, they will take the whole economy down too. :P

...nice surname thou, Eastern European perhaps?

Edited by LittleSteroid

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what you mean like in 2007, the market cant top until such positive sentiment is prevelant, i thought 2007 might have made that obvious.

Stocks are doing a lot worse than property, again investment has shifted back to bricks and mortar. In 10 years there will be yet again another crash.

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Stocks are doing a lot worse than property, again investment has shifted back to bricks and mortar. In 10 years there will be yet again another crash.

The stockmarket will lead the housing market i suspect as it is the stockmarket that phsychologically drives business confidence and i dont think the stockmarkets (at least US and Asia ) have peaked yet, im confident they will be above their April highs by end of August September, sentiment will be uber bullish and everything will be set for the main leg down across all asset classes in this economic sh!tstorm

Edited by Tamara De Lempicka

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yes we are entering another deep recession but that doesn't mean there will be HPC. All the evidence is showing the complete opposite. Property companies are again investing in property. Housing associations are creating private unregulated arms that are snapping up cheap flats and homes amid fears that there is no longer a business in social housing.

Banks are again offering 100% mortgages.

laugh.giflaugh.gif

http://www.independent.co.uk/news/business/news/how-long-can-the-housing-market-avoid-a-crash-2014108.html

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  • 140 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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