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juvenal

We Need Rising Property Prices

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He's right though isn't he.

That's the problem.

Actually he isn't. There will never be a real recovery until houses are affordable. There will also never be a healthy housing market if nobody can afford to buy one.

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Actually he isn't. There will never be a real recovery until houses are affordable. There will also never be a healthy housing market if nobody can afford to buy one.

They will make houses affordable by offering a 25yr fix at very low rates. That is all they have left.

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Actually he isn't. There will never be a real recovery until houses are affordable. There will also never be a healthy housing market if nobody can afford to buy one.

I agree. This is why there will be a real recovery in the US (and even countries like Ireland and Spain) because they've had the painful adjustment in their housing markets. The UK faces 20 years of stagnation I fear (but I hope I'm wrong)

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They will make houses affordable by offering a 25yr fix at very low rates. That is all they have left.

I had a quick scan of some FED release - seemed that they were saying that they were going to use repayments from the MBS that they had bought was going to be used to buy treasuries. A roundabout way of trying to fix long term rates but treasuries have been rising ever since they announced further QE which they were goijng to use to buy treasuries - the more they print the more they are going to undermine treasuries and the more money they'll need to throw at them.

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For what it's worth, Andrew Neather (the journo who wrote the article) was a speechwriter for Tony Blair.

His big moment was when he revaled how NuLab disguised their mass immigration agenda, in order not to antagonise the workign class vote. His article (2009) caused a big stir at the time.

Edited by juvenal

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In his 'Night of the living Fed', Jeremy Grantham referred to the Housing Markets of the US, Spain etc as "Bubbles that behave themselves". This being because a building boom accompanied the fervour, duly leaving those nations with their fallout. The UK and Australia are different, because they didn't "behave". They purposefully restricted supply to support their illusion. The great irony, especially in the case of the UK, is that social problems have been created for the future which can only be solved by building more. So the outcome will be the same. Especially in the case of the UK, because it has nothing that anyone really wants - at a price point that's competitive, even though they'd like to convince them otherwise.

Australians can keep digging, for the time being, because something will aways come out of the hole, while the commodities boom is on.

The UK doesn't have that luxury. It digs it's holes, but there's nothing there but misery.

The British are possibly unique in their, hitherto, ability to remain enriched at everyone elses expense without good cause. Previously it was an empire - now it's what's left of their own. Trying to preserve that will end in ruin.

Humility is all Britain has left to bargain with.

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They will make houses affordable by offering a 25yr fix at very low rates. That is all they have left.

...or 50 year or 100 year mortgages like they do on the continent.

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...or 50 year or 100 year mortgages like they do on the continent.

amateurs - IO is the way forward, then the term is immaterial.

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I'm with JC. It's high time these people just saved a deposit, bought a first time buy and stopped dreaming prices will crash. They won't because the UK won't allow it to happen simple. Homeowners are the life blood of the country. Most of the people wishing for price falls are credit blacklisted anyway and will never be in a position to buy. They should not be allowed to comment n these stories.

- Sibley, Bangkok Thailand., 06/01/2011 01:04

what a prize twunt <_<

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Does the ES still have the massive property section? ES cover price is what? How are the production costs covered?

It's now a free paper given out outside Tube stations. That seems a fair price for what you get.

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"Housing minister Grant Shapps has declared that he finds it “horrendous” that young home-buyers are priced out of the market. His answer is “house-price stability”, with a small real-terms drop in prices."

this journo is stoopid

Shapps said we need small NOMINAL house price falls, which with inflation implicitly translates into LARGE REAL house price falls over a long period of maybe a decade

this causes cognitive dissonance in the journo's mind and he consequently spazzes his article.

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Well, Sibley strikes again in the comments.

I'm with JC. It's high time these people just saved a deposit, bought a first time buy and stopped dreaming prices will crash. They won't because the UK won't allow it to happen simple. Homeowners are the life blood of the country. Most of the people wishing for price falls are credit blacklisted anyway and will never be in a position to buy. They should not be allowed to comment n these stories.
- Sibley, Bangkok Thailand., 06/01/2011 01:04

I never knew he was in Bangkok. He shouldn't be allow to comment as he isn't in the UK, back at you Sibbers.

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Actually he isn't. There will never be a real recovery until houses are affordable. There will also never be a healthy housing market if nobody can afford to buy one.

B.., b..b, b..b, but THEY CAN!!!!!!

They can take out a

LIAR LOAN!!

:P

Edited by eric pebble

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  • 309 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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