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RichM

Jon Snow, Channel 4 - N O W

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"Large and growing debt burden on the shoulders of mortgage holders..."

It's bear porn! Jon, you're making me hard...

"Alarming rise in the numbers of hosueholders who could lose their homes..."

Yeah baby, give me some harder figures...

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There's been a boom on the past few years, mainly as a result of a credit-fuelled spending spree

Oh yeah, I'm so close now

We're going to be hearing a great deal more about growing consumer indebtedness in the new few months

And the story finishes. I light up a cigarette...

Thanks to the wife for helping with oral - she kept repeating the key phrases.

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It's bear porn! Jon, you're making me hard...

Yup, and the studio correspondent also said that house prices are FALLING, and that "Interest Rates are set to rise".

He also directly referenced the last "house price crash" by name.

:lol::lol:

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Their correspondent got the three magic words in 'house price crash'

Plus 'interest rates set to rise'

Nice bit of negativity. :D

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If you had got the most negative bear on here...

got everyone on here to right the report..

spent a lot of time on it..

I don't know if it could have been better.

xxxxxxxxxx I could kiss that economist..

but he might not like that idea..

:)

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Unfortunately, you lot comprise Channel 4's entire news audience! :P

Unfortunately, you lot comprise Channel 4's entire news audience! :P

Check out the BBC, sounds equally bearish!

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"Interest Rates are set to rise" - :D

"House Price Crash" :D

Yup - I was watching BBC1 news earlier, he was talking like the grizzliest of us ;)

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They said court orders rose by 67% july-sept 2005 compared to period 2004, right??

Anyone got figures of increase from last crash?

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They said court orders rose by 67% july-sept 2005 compared to period 2004, right??

Anyone got figures of increase from last crash?

Radio 4 this morning said that 20000 repossession orders had been granted this year which will equate to 10000 actual repossessions. At the height of the last crash it was 70000 repossessions per year.

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Radio 4 this morning said that 20000 repossession orders had been granted this year which will equate to 10000 actual repossessions. At the height of the last crash it was 70000 repossessions per year.

Up to 20,000 already? Eh? I thought our fantastic low interest rates meant mortgages the size of mountains were all hunky dory?

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Guest Charlie The Tramp

Radio 4 this morning said that 20000 repossession orders had been granted this year which will equate to 10000 actual repossessions. At the height of the last crash it was 70000 repossessions per year.

I think you will find actual repossessions in Q3 was just under twenty thousand.

The stats

http://www.housepricecrash.co.uk/forum/ind...showtopic=18024

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Radio 4 this morning said that 20000 repossession orders had been granted this year which will equate to 10000 actual repossessions. At the height of the last crash it was 70000 repossessions per year.

Exactly with borrowing potential on over valued property how many have just postponed the issue? Its highly likely the increases will continue. The crash has started and will peak 2008/9/10? The number of repos at this point? Who knows?

Mr Joe.

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Their correspondent got the three magic words in 'house price crash'........

The Channel 4 economics correspondent is Liam Halligan who wrote this excellent piece in the New Statesman this week........

The debt pandemic

Liam Halligan

Monday 24th October 2005

Between us we owe £1 trillion and we can't afford the repayments. British consumers have a serious dose of borrowing sickness and, as Liam Halligan warns, it may be fatal to the economy

Gordon Brown used to say Britain's economy was in its best shape for 200 years. The Chancellor no longer makes that claim. The reason is that the UK is growing at its slowest rate for 12 years. And that is largely because consumers - until very recently the driving forces of the economy - are buried under mountains of debt.................continues

http://www.newstatesman.com/200510240005

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At the height of the last crash it was 70000 repossessions per year.

At the height, OK, but what was the rate of change, was it as severe as this in the early stages of the last crash?

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Exactly with borrowing potential on over valued property how many have just postponed the issue? Its highly likely the increases will continue. The crash has started and will peak 2008/9/10? The number of repos at this point? Who knows?

Mr Joe.

don't forget.. when the rates are rising.. and the prices are dropping.. people are going to struggle to get a mortgage approved on valuation.. thats when it all gets going..

Is this the trigger..?

What we will see over the next few days are a lot of VI spin articles and reports.

More this is getting more and more common..

We are in the crash.. prices are dropping and you are going to see people kicking and screaming all the way down.

Work out how much you can afford and what you want to buy.

Get a mortgage agread to that amount now. Make sure your credit ratings are clear..

and be prepared to wait..

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The Channel 4 economics correspondent is Liam Halligan who wrote this excellent piece in the New Statesman this week........

http://www.newstatesman.com/200510240005

Aha ! Thanks for pointing that out. Glad to see there are still parts of C4 that Kirsty and Phil don't reach. :D

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  • 301 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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