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refusnik

Repossession Hotspots Phone-In On Radio 2 Now

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Vine is giving a fairly well balanced view, saying how savers were furious at BOE rate cuts, and how prices have got out of control, and how mortgagees were saved by various government interventions.

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Vine is giving a fairly well balanced view, saying how savers were furious at BOE rate cuts, and how prices have got out of control, and how mortgagees were saved by various government interventions.

I heard that too and it was indeed more balanced than usual for a BBC program but still there is great reluctance in admitting (or even suggesting) that an easy way out of this mess is to allow house prices to drop even if it means sacrificing a few by repossessing and selling at market value rather than fantasy asking prices...

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The program kicked off with an account of a woman who

had her house repossessed a month ago

she bought it 20 or so years ago for £42,000

the house is valued now at £125,000

on which she owed a bank £156,000

General assumption is that she deserves sympathy :blink:

However I can't feel anything for someone cuddling an A-bomb to get warm but gets blown up to smithereens when it goes off.

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The program kicked off with an account of a woman who

had her house repossessed a month ago

she bought it 20 or so years ago for £42,000

the house is valued now at £125,000

on which she owed a bank £156,000

General assumption is that she deserves sympathy :blink:

However I can't feel anything for someone cuddling an A-bomb to get warm but gets blown up to smithereens when it goes off.

:rolleyes: What a silly person.

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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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