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apom

Sounds Horrible.

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Debt cripple people and the economy keep spiraling down to force houses to become affordable.

It is innevitable now I suppose and its hard to rejoice.

But look at the economy, the high street...

Does it look like it is working?

Look at the increase of people beconming bankrupt and having their homes repossesed..

Does it look like its working?

Does it look like Interest Rates may drop? or must they now rise..?

whatever happens now...

the Economy cannot survive with Interest Rates this low..

We know that..

We know that the recent increases were caused by interest rates dropping in august and a wide press coverage that they would continue to drop.

We know now that they will continue to rise.. If they don't our global currency will fail.

So.. that should slow people down at Mortgage's 'R' Us

I would think

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Guest Alright Jack

But look at the economy, the high street...

Look at the increase of people beconming bankrupt and having their homes repossesed..

Look at the latest land registry figures...

:lol::lol::lol::lol::lol::lol::lol::lol::lol::lol:

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Look at the latest land registry figures...

:lol::lol::lol::lol::lol::lol::lol::lol:

Yep funny ain't it, the last of the muppets thinking they will make a profit

from housing. The fools!! :lol:

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Whatever happened to king of the castle ?

he made his castle out of sand.....and watched the tide turn and wash it away.

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The point is not what is happening now..

The point is what will happen.

The Economy cannot support current house prices without drawing into a recession.

That is economic fact.

and cannot be argued.

Read it again.

In the long term current house prices cannot be sustained in the economy.

and with more people going bankrupt now then when interest rates were at 15%..

What do you think is happening.??

Just because prices have not dropped yet.. does not mean that the economy can sustain them any more then water will start flowing up hill...

Is it not obvious..?

some people look at house prices.. stare long and hard at where they are.. and what has happened to them..

Without any conception at all that its not just numbers... a big present to them its money that has to be earnt, borrowed and paid back..

its real money.. big money..

Look at how many houses there are in the country..

millions of them...

are they all worth this much more..?

Where the hell does that money come from..??

It doesent exist....

With no inflation, and following the rule that 7% of houses change hands a year..

Christ... its like beating your head against a wall..

look at the economy, where they sit in the economy...

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The point is not what is happening now..

The point is what will happen.

The Economy cannot support current house prices without drawing into a recession.

That is economic fact.

and cannot be argued.

Read it again.

In the long term current house prices cannot be sustained in the economy.

and with more people going bankrupt now then when interest rates were at 15%..

What do you think is happening.??

Just because prices have not dropped yet.. does not mean that the economy can sustain them any more then water will start flowing up hill...

Is it not obvious..?

some people look at house prices.. stare long and hard at where they are.. and what has happened to them..

Without any conception at all that its not just numbers... a big present to them its money that has to be earnt, borrowed and paid back..

its real money.. big money..

Look at how many houses there are in the country..

millions of them...

are they all worth this much more..?

Where the hell does that money come from..??

It doesent exist....

With no inflation, and following the rule that 7% of houses change hands a year..

Christ... its like beating your head against a wall..

look at the economy, where they sit in the economy...

The LR news has to be taken in context of tonights doc on Gordon Brown. A crash was expected (in my mind 2001 before 9/11) and at that time GB had a surplus of 20biliion. 4 years later its 20 billion in deficit and the doc finished with words like... over the next year its all got to change, its not sustainable.

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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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