athom Posted January 25, 2011 Share Posted January 25, 2011 http://www.bbc.co.uk/programmes/b00xppmm Homes but no loans. Despite the threat of a new slide in house prices and rising levels of negative equity, the number of property-buyers having their homes repossessed has declined over the past year. But now many economists predict interest rates will rise in the course of 2011, fuelling fears that Britain's housing market could be facing a double dip. With banks chasing profits and affordable mortgages harder to find. Michael Robinson asks what impact the new housing freeze will have on Britain's already battered economy. Must surely be a good old bear fest. My only complaint will be the inevitable insistence that lower house prices are a "bad thing" Quote Link to comment Share on other sites More sharing options...
pete.hpc Posted January 25, 2011 Share Posted January 25, 2011 And with todays news, the suggested IR rises now look hopelessly optimistic :angry: Quote Link to comment Share on other sites More sharing options...
athom Posted January 25, 2011 Author Share Posted January 25, 2011 And with todays news, the suggested IR rises now look hopelessly optimistic :angry: i'm still expecting the unexpectable. Anyway things looking bleak simultaneously on all fronts makes me feel an IR rise might not be so necessary for the HPC, plenty of other grease on the pole. Quote Link to comment Share on other sites More sharing options...
geed Posted January 25, 2011 Share Posted January 25, 2011 (edited) i'm still expecting the unexpectable. Anyway things looking bleak simultaneously on all fronts makes me feel an IR rise might not be so necessary for the HPC, plenty of other grease on the pole. on now. I think this program will miss the point slighty though given the summary. Seem to be grovelling on about no lending, can't sell, can't buy. Nothing to so woth the fact the house market is still chronically overpriced. Ona good point...the Doc sounds scrummy! Edited January 25, 2011 by geed Quote Link to comment Share on other sites More sharing options...
SleepyHead Posted January 25, 2011 Share Posted January 25, 2011 (edited) A doctor with a good sized deposit can't afford a house. Clearly Insane Situation. What more needs to be said? Edited January 25, 2011 by worst time buyer Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 A doctor with a good sized deposit can't afford a house. Insane??? What more needs to said? It's cos those nasty evil banks won't lend innit! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted January 25, 2011 Share Posted January 25, 2011 A doctor with a good sized deposit can't afford a house. Clearly Insane Situation. What more needs to be said? Doctors wages are too low. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 (edited) Delusional vendors now! From the EAs mouth, prices will fall, too many houses on Market, vendors undercutting each other! Edited January 25, 2011 by Pent Up Quote Link to comment Share on other sites More sharing options...
SleepyHead Posted January 25, 2011 Share Posted January 25, 2011 Doctors wages are too low. Yes. We clearly need to tax all those greedy shelf stackers, farm labourers, admin assistants on minimum wage, and pay these poor doctors much more money. Quote Link to comment Share on other sites More sharing options...
CrashConnoisseur Posted January 25, 2011 Share Posted January 25, 2011 Some muppet on now who "relies" on a job with Blackpool Council's traffic department to pay her mortgage. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 Ooooh a deflationary house price spiral! I'm enjoying this Quote Link to comment Share on other sites More sharing options...
7clubs Posted January 25, 2011 Share Posted January 25, 2011 "We were never in debt." Er, what's a mortgage then? Quote Link to comment Share on other sites More sharing options...
athom Posted January 25, 2011 Author Share Posted January 25, 2011 Ooooh a deflationary house price spiral! I'm enjoying this bugger I'm missing it now will have to do the podcast on the way to work but sounds better than i hoped for Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 Unfortunate for the old couple but why should I pay their mortgage for them! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted January 25, 2011 Share Posted January 25, 2011 "We were never in debt." Er, what's a mortgage then? Its a Death Pledge....except the nice Man in the Bowler hat wont let you die. Quote Link to comment Share on other sites More sharing options...
SleepyHead Posted January 25, 2011 Share Posted January 25, 2011 Whats this Mortgage Interest Payment Benefit they're talking about? I never knew taxpayers were paying all this??? :angry: Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 (edited) bugger I'm missing it now will have to do the podcast on the way to work but sounds better than i hoped for It's quite bearish. Full of sob stories, poor people can't get unaffordable mortgages, poor old SMI couple set to lose home... Actually not about potential rate rises. Edited January 25, 2011 by Pent Up Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 Whats this Mortgage Interest Payment Benefit they're talking about? I never knew taxpayers were paying all this??? :angry: Support for mortgage interest. You can claim the interest paid on your mortgage to the value of 3.67% Down from 6.08% Quote Link to comment Share on other sites More sharing options...
Guest_James Toney_* Posted January 25, 2011 Share Posted January 25, 2011 very very bearish, superrrrr Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 1 bed flats crashing hard in Bristol according to EA. £250k down to £150k. BTL scum in trouble. Bootle talking sense, 20% to 30% crash coming. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 Shappsy you prat... Quote Link to comment Share on other sites More sharing options...
juvenal Posted January 25, 2011 Share Posted January 25, 2011 What about the gutless EA who valued a waterside flat at 50% of what the owner paid for it. Wouldn't tell him , just said 'it's not the right time to sell'. How many of these out there? Quote Link to comment Share on other sites More sharing options...
Guest_James Toney_* Posted January 25, 2011 Share Posted January 25, 2011 (edited) that was very very good IMO Edited January 25, 2011 by James Toney Quote Link to comment Share on other sites More sharing options...
7clubs Posted January 25, 2011 Share Posted January 25, 2011 Hill-walkers at Radio 4? Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 25, 2011 Share Posted January 25, 2011 That was very good. I rather enjoyed that Certainly worth a listen for those that didn't catch it. Quote Link to comment Share on other sites More sharing options...
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