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Pauly_Boy

Whats The Definition Of Irony?

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I just can’t get over the news at the moment. On one hand you have Ireland basically declaring bankruptcy because the banks have lost billions on property and the government is running out of money to prop them up and then you have the VI’s moaning that the banks in the UK won’t grant any mortgages without a 20% deposit and all the general criticism of the mortgage reforms.

They’re all moaning about how the banks have wreaked Ireland yet when the banks lend responsibly here, they get vilified, it makes my blood boil!

:angry:

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I'm still trying to get my head round how you bail out an indebted nation with more debt...

Have you ever had too much to drink, so much that you cannot stand up?

The thing you have to do is carry on! Power on through. Drink yourself sober!

Fecking ridiculous isnt it.

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If the UK property market readjusts back to reality, the next Ireland type bust could be the UK.

( OK mebbe Spain and Portugal beat us to it and heighten the sense of panic as a warm up act ).

The govt. know this the VI's know this Merv knows this.

The FSA proposals im guessing will be watered down to nothing to attempt to prevent the bankrupting of the UK.

:o

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You are not alone there...

It's just like a payday cash advance. A short term solution but not a sensible one.

Still at least the money will be spent wisely - like cheese:

http://www.telegraph.co.uk/news/worldnews/europe/ireland/8114327/Let-them-eat-cheese-Irish-government-hands-out-block-of-cheddar-to-every-family.html

Staggering.

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Problem is that yes there would be some pain in the short term if the FSA rules are implemented however they might just prevent a collapse when interest rates return to normal. Vis are saying no lets just do nothing and accept that the country bails us out again in a few years.

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Problem is that yes there would be some pain in the short term if the FSA rules are implemented however they might just prevent a collapse when interest rates return to normal. Vis are saying no lets just do nothing and accept that the country bails us out again in a few years.

Exactly. They say people can afford mortgages now, it's just the deposits are too high. since when did people develop the right to demand banks lend money to them at low rates with 0% deposit.

If people continue getting tracker mortgages at base +3 or 4%, then what might be affordable now is quickly going to become unaffordable, but we all know that, the VI's know that but who stands to make a short term profit?

If anything, the VI's are now worse than the banks and could well be more to blame should more people get stung by the future crash!

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  • 142 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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