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Bruce Banner

Thank God For That.

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Anyone even contemplating buying a house now has taken leave of their senses. All those warnings aired on this forum are coming home to roost. All that happened in the last 2.5 years, is simply a case of govts taking on unpayable losses of financial institutions and finding their national debt has ballooned out of control - UK included.

Greece cannot pay its debts. It is borrowing money to make stage payments, not to rollover national debt. We will see tomorrow whether they think it better to take another EU credit card or to just default, get their currency back and devalue. I think the latter would actually prove better in the long run. The consequence will be that markets will smell real blood in Euroland. Good. It's the reality we need to grasp. the EU is a literal shambles along with the Euro which does not work.

We are experiencing rising imported inflation, IR's have to rise to quell it, imported or not, yet we have a weakening economy. Talk about a rock and a hard place. The price of land and homes have nowhere to go BUT DOWN.

Edited by plummet expert

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It was never going to be Brown, I doubt anyone would be that crazy.

Stranger things have happened......


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  • 312 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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