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The guy on the Sky News paper review just spoke with horror about how Gadaffi could affect British house prices. He'd seen an article in the Independent saying "oil price up = inflation up = interest rates up = HPC"

:lol:

Who cares about genocide when your house price is at stake?

Edited by thecrashingisles

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I also just saw this. Had to log on to comment!!

UNBELIEVABLE!! Libya unrest = interest rate rises to curb inflation. The result? House prices go down, which is a tragedy.

I cannot BELIEVE this...... The emotion anger barely registers....

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Who is the guy again?

Not the presenter nor the female said anything against this... I mean I simply cannot believe it. People dying in Libya and this guy says it is a tragedy for UK house prices!!!

He's the Labour representative, right? Champagne socialists, the lot of them.

A lot of people say it would be terrible for a big fall in house prices due to the economic fallout that would ensue, but as each day goes by and these fat, greedy pigs cling onto their housing wealth and try to impose their views via media which we pay for (BBC anyway), I get more and more angry. I don't care - let houses become WORTHLESS for all I care.

It really is just unbelievable, I could barely believe my ears when I heard the buffoon spouting his tripe. Make no mistake, everybody is at it, the economy is built on it, it is the biggest elephant in the room yet to come charging out... UK property is an absolute DISEASE.

For SHAME... I'd put a complaint in if I thought it would achieve anything. Just goes to show how many people are really in on this, political commentators and the lot.

Grr....

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Who is the guy again?

Not the presenter nor the female said anything against this... I mean I simply cannot believe it. People dying in Libya and this guy says it is a tragedy for UK house prices!!!

He's the Labour representative, right? Champagne socialists, the lot of them.

...the male was from the right ...the female was from the left "The Observer" (The Sunday Guardian)...he was possibly thinking of his own mortgage....if you look back to 1973/74 when the last real oil crisis hit it lead to the 3 day week ...and with the inflation which followed 30% +.... IRs ,wage / salaries had to follow...

Average house prices went:

1980

£23.5k

1979

£19.9k

1978

£15.5k

1977

£13.6k

1976

£12.7k

1975

£11.7k

1974

£10.9k

1973

£9.9k

1972

£7.3k

http://www.wwwk.co.uk/culture/housing/index.htm

...we could not afford wage increases then ....but they happened world wide....

Edited by South Lorne

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After some Googling I found out that it was Jonathan Maitland.

I seem to recall, towards the peak of the housing bubble, an ITV "Tonight" episode presented by Jonathan Maitland. He was interviewing priced out young people who were desperate to sign their lives away for a roof over their head. He interviewed a couple who'd taken out a mortgage to live on a barge and others who'd bought with siblings as well as advocating websites where you could meet complete strangers and buy with them.

When it came to the media salivating over HPI, and not warning of the dangers, Maitland was right up there with the worst of them.

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I seem to recall, towards the peak of the housing bubble, an ITV "Tonight" episode presented by Jonathan Maitland. He was interviewing priced out young people who were desperate to sign their lives away for a roof over their head. He interviewed a couple who'd taken out a mortgage to live on a barge and others who'd bought with siblings as well as advocating websites where you could meet complete strangers and buy with them.

When it came to the media salivating over HPI, and not warning of the dangers, Maitland was right up there with the worst of them.

He became bearish after selling his 4 BTLs though...

http://www.housepricecrash.co.uk/forum/index.php?showtopic=10565&st=0&p=126447&hl=maitland&fromsearch=1entry126447

Perhaps he's bought some more?

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The guy on the Sky News paper review just spoke with horror about how Gadaffi could affect British house prices. He'd seen an article in the Independent saying "oil price up = inflation up = interest rates up = HPC"

:lol:

Who cares about genocide when your house price is at stake?

A colleague said "these protests are all very well, but just you see what happens to petrol prices". I suggested that was a small price to pay if dictators were overthrown..... no reply.

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Those protestors are just being selfish, they have no thought for the hard-working BTL owners who will be driven into negative equity as a result of their activities.

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So was this actually a story in one of the papers?

Higher inflation and stagnant output would also spell a return to the nightmare of an intractable "stagflation" not seen in the UK for decades. A small windfall from North Sea oil prices and tax revenues would be far outweighed by the depressing effect on the economy as a whole.

At a press conference last week the Governor of the Bank of England, Mervyn King, offered the view that commodity prices might not rise as fast in the next year as in the past one; that now seems less probable. That may force the Bank to raise interest rates to guard against inflation taking off as the oil price spike feeds through to the high street.

The Council of Mortgage Lenders said a 0.25 per cent rise in rates would add about £40 a month to the average British mortgage bill, at a time when consumers are hard pressed from tax hikes, inflation and minimal pay rises. As the most expensive item by far any Briton is likely to buy is their home, the most important effect of the turmoil in the Middle East will be to increase the cost of borrowing to buy a house, though home values themselves could slump under the psychological hit to confidence.

http://www.independent.co.uk/news/business/news/markets-get-jitters-as-oil-price-heads-for-the-sky-2222905.html

Dictators toppled, house prices back to levels where young families can buy them. The horror. The horror.

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The problem for a lot of the so called "wealthy" of this country is that their wealth is based on bits of paper that have been tied to real eastate. Only a very small number of people have paper wealth that is based on assets that are free of fluctuations in the real estate market. These people, unfortunately, also have control of the levers of power. They will do everything (are doing everything) they possibly can to prevent a deflation of this market.

In many ways, these people have a far greater shock in store should house prices fully crash than the poor at the bottom of the pile. The poor (overall) have far more to gain than lose from a housing crash

Edited by tallguy

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Remind me again why there’s been a revolution in Tunisia, Egypt and now Libya?

Corrupt leaders, disenfranchised youth, widening chasm between the haves and the have not’s, rising cost of living.

Completely opposite to the UK then.

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Remind me again why there’s been a revolution in Tunisia, Egypt and now Libya?

Corrupt leaders, disenfranchised youth, widening chasm between the haves and the have not’s, rising cost of living.

Completely opposite to the UK then.

We are along way off it yet. But, yes, it can happen here.

Edited by tallguy

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...the male was from the right ...the female was from the left "The Observer" (The Sunday Guardian)...he was possibly thinking of his own mortgage....if you look back to 1973/74 when the last real oil crisis hit it lead to the 3 day week ...and with the inflation which followed 30% +.... IRs ,wage / salaries had to follow...

Average house prices went:

1980

£23.5k

1979

£19.9k

1978

£15.5k

1977

£13.6k

1976

£12.7k

1975

£11.7k

1974

£10.9k

1973

£9.9k

1972

£7.3k

http://www.wwwk.co.uk/culture/housing/index.htm

...we could not afford wage increases then ....but they happened world wide....

I *just* got up... looks like house prices went up and up to me from those figures...?

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Stupid, where does it in the report does it say Gadaffi's gaff is worth? Poor journalism.

It should have gone like this:

"Gadaffi, yesterday was at his £7,500,000 home. He was at his balcony making a speech about how this place will be his last stand"

Edited by Money Spinner

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In the 70s house prices probably kept up with inflation and wage inflation, leading to the "house prices always up!" myth.

House prices are now based on a low IR model, with a small increase in IRs liable to create havoc. I cannot see wage inflation taking off.

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The guy on the Sky News paper review just spoke with horror about how Gadaffi could affect British house prices. He'd seen an article in the Independent saying "oil price up = inflation up = interest rates up = HPC"

:lol:

Who cares about genocide when your house price is at stake?

Hmm, let's see........, I know:

All hail Omar! Omar-in in in!

But seriously folks, it shows what a HUGE VI exists to preserve HPI and how fear that something might come along to drive prices down. I believe there are demonic forces at work to keep house prices high as the dark forces know its the best way to destroy the UK and to keep the sheeple enslaved by the Banksters (the ones Jesus got cross with and which was the PRIMARY cause of the events that led to his execution. Jesus did not like the banksters).

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In the 70s house prices probably kept up with inflation and wage inflation, leading to the "house prices always up!" myth.

House prices are now based on a low IR model, with a small increase in IRs liable to create havoc. I cannot see wage inflation taking off.

+1

Bullseye. Merv knows what will happen with a hike.

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The guy on the Sky News paper review just spoke with horror about how Gadaffi could affect British house prices. He'd seen an article in the Independent saying "oil price up = inflation up = interest rates up = HPC"

:lol:

Who cares about genocide when your house price is at stake?

Well put.

Good thread.

I also just saw this. Had to log on to comment!!

UNBELIEVABLE!! Libya unrest = interest rate rises to curb inflation. The result? House prices go down, which is a tragedy.

I cannot BELIEVE this...... The emotion anger barely registers....

+ 1

Unfortunately, lately, when I hear these things, I've been feeling less anger and more... I don;t know... disgust and hopelessness. Which is bad, really bad. Like, instead of anger against one individual moron, it seems now that he is just a little unthinking part of a unchangeable mass of morons - if you know what I am trying to say - therefore, it's hopeless!

(Or perhaps I'm just having a bad morning.)

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Hmm, let's see........, I know:

All hail Omar! Omar-in in in!

But seriously folks, it shows what a HUGE VI exists to preserve HPI and how fear that something might come along to drive prices down. I believe there are demonic forces at work to keep house prices high as the dark forces know its the best way to destroy the UK and to keep the sheeple enslaved by the Banksters (the ones Jesus got cross with and which was the PRIMARY cause of the events that led to his execution. Jesus did not like the banksters).

Although I am not religious, I think that phrase would make a good bumper sticker

JESUS DID NOT LIKE BANKSTERS

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  • 311 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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