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Maggot_with_halitosis

Mortgage Reality Distortion Field

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Enjoy

http://www.cringely....stortion-field/

http://www.cringely....e-a-hero-barry/

As a nation, we’re out of time, money, and jobs. Despite hundreds of billions of economic stimulus the economy is still in the toilet facing a possible double-dip recession. The new mood of austerity in Washington suggests that more hundreds of billions won’t be available for further stimulus, nor should they be. It’s time to find better solutions that cost little or nothing to implement — solutions that can be directly imposed without having to seek permission from anyone. The foreclosure crisis needs to be addressed, as does the housing market. If solving those problems can also stimulate the economy, well that would be a win-win. If it could be done for no cost at all, that would be a frigging miracle. I think such a miracle is possible.

Edited by THEBIGMAN

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If solving those problems can also stimulate the economy, well that would be a win-win. If it could be done for no cost at all, that would be a frigging miracle. I think such a miracle is possible.

A miracle. That home owners want measures to keep the value of their homes artificially inflated and think politicians and banks and investors will assist them to that end. To force non owners to buy at higher prices than would otherwise be the case. To put all the costs on non home owners.

Housing fuels the economy and we need to look at creative ways to reduce foreclosures and eventually get homes to stop depreciating.

No cost at all? With a desire to have banks and investors provide multi billions in mortgages to skint people to stop house prices falling, putting their interests ahead of the queue of the prudent and savers waiting for value. Just more blatant self interest from home owners.

What's more, as far as I can tell, US housing has not taken much of a hit in property values in so many of the prime housing areas.

Manhattan

NY-AR966_NYMARK_NS_20110103175103.jpg

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  • 284 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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