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crashmonitor

House Prices To Rise 40% By 2020

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This was covered on the Today Programme this morning by the BBC, the BBC journos don't appear to miss a trick on any ramping....... so I googled the link

Trouble is with all this ramping, people may actually start to believe this propaganda, and sentiment drives markets more than fundamentals.

Edited by crashmonitor

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This was covered on the Today Programme this morning by the BBC, the BBC journos don't appear to miss a trick on any ramping....... so I googled the link

Trouble is with all this ramping, people may actually start to believe this propaganda, and sentiment drives markets more than fundamentals.

and all this by the time the first "free" 20% deposits are into their third year of penalty repayments.

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I see a chap called 'DurhamFella' has his diagnosis of the problem, in one of the 63 comments left............

''The problem with the young now is they spend everything on holidays, Iphone contracts and expensive bars''

Obviously not happy that some are not ''investing'' most of their earnings in the housing market.

Edited by crashmonitor

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The article is obviously wrong.

Pundits have always pronounced..for years, that prices double every 7 years....yer average therefore should by up 100% to 330,000.

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It's headlines like this that reignite my hopes for a HPC...

Absolutely.... the more tulipmania this becomes, the more they have lost any kind of control and market forces will tear this housing market a new one.

One can only sit back and watch the whole sorry shambles unfurl.

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House prices to soar 42% by 2020 and lock out millions more first-time buyers - but is homes shortage or cheap credit to blame for property bubble?

The average first-time buyer home will increase by 42 per cent while wages will rise by 36 per cent, says the National Housing Federation as it calls for more building. But is Britain's house price problem really a product of too little building? Or has the bulk of inflation been driven by cheap credit and the failure to allow the property bubble to burst, with renewed government support threatening to make things even worse?

The NHF report is linked in the ink below under the text "Download Housing Britain's Future"

http:/

/www.housing.org.uk/publications/browse/housing-britains-future-some-home-truths

It highlights the problem and suggests building more houses but doesn't attempt to answer any of thisismoney's questions - "is Britain's house price problem really a product of too little building? Or has the bulk of inflation been driven by cheap credit and the failure to allow the property bubble to burst, with renewed government support threatening to make things even worse?"

So is the choice between more building or 40% price increases - or does the UK just end up with both.

The NHF report seems to imply the latter - and that's quite contrary to what Mr Boles (planning minister) was saying recently (at a meeting with the Campaign to Protect Rural England).

Edited by billybong

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  • 239 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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