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Executive Sadman

Uk Housing Still Amongst Most Unaffordable

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Edwards notes, it is the UK that stands out as authorities have gone out of their way to prop up house prices - still extremely over-valued (20-30%) - despite being at the epicenter of the global credit bust. Summing up the central bankers anthem, Edwards exclaims: "what makes me genuinely really angry is that burdening our children with more debt to buy ridiculously expensive houses is seen as a solution to the problem of excessively expensive housing."

Edwards explains reality:

Why are houses too expensive in the UK?

Too much debt. So what is George Osborne's solution for first time buyers unable to afford housing? Why, arrange for a government guaranteed scheme to burden our young people with even more debt!

Why don't we call this policy by the name it really is, namely the indentured servitude of our young people.

http://www.zerohedge.com/news/2013-06-04/most-overunder-valued-housing-markets-world

From the comments section...

Notice that the price-to-income or affordability ratio in Iceland -- the one place that gave the bankster cabal a boot to the ballsack -- is exactly properly priced.

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  • 238 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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