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dalek

A New Boom Is The Last Thing Britain Needs

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This is remarkable, really. And most of the readers comments are in agreement! I think it's the beginning of the end for governments and other VIs trying to brainwash the public into believing rising house prices is a good thing...

http://www.dailymail.co.uk/news/article-2392421/RUTH-SUNDERLAND-A-new-boom-thing-Britain-needs-Why-house-price-increases-inflict-feel-bad-factor-time-buyers.html?ico=home^editors_choice

(edited repeatedly because I forgot how to post after such a long time!)

Edited by dalek

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Paul Dacre has sold his BTL's? :blink:

Moved into the North East and Northern Ireland market maybe?

Although some areas, such as the North East and Northern Ireland, need help to get house prices rising.

Yes, help is needed to get those prices rising, they're simply too low.

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No he is probably on holiday .... and someone will be getting a P45 on his return.

Brilliant. And it's probably the same person who exposed the other story I posted, about the coalition's greedy grabbing of that woman's will bequest to fund both their parties!

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When all the journalists' and editors' property portfolio's were underwater, their brains were screaming at them "OMG, I'm losing tens/hundreds of thousands of pounds, make it stop, make it stop!!"

Now that prices have returned to pre crash-levels, they can think about it more clearly. Some of the more intelligent ones may even realise that it is not possible for property prices to significantly increase above the normal rise in GDP over the long term, and accept that a couple of decades of modest growth before retirement is the most they can hope for, and the best solution would be sorting out the economy rather than blowing another bubble.

Some might even have offloade their portfolios, but I think that would be a minority.

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Daily Mail has changed its stance in response to the huge weight of reader comments and feeling down the last few years.

Internet/direct democracy in action.

Shame the BBC and government is so intent on persuasion and manipulation rather than listening.

The BBC has been neutered. It does exactly what govt tells it to these days. Nothing more, nothing less.

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Does this explain the failed appearance of the 'Joy for homeowners as prices rocket' style front page of the Mail?

It would be quite funny if Osbourne's attempt to buy the votes of the great unwashed with their own money blew up in his face.

What price the Tory claims to be the party of fiscal prudence if their flagship policy should come to be regarded as the reckless opportunism is actually is?

Perhaps in attempting to replicate Thatcher's 'right to buy' style success when she sold off the social housing stock on the cheap Osbourne has misjudged the mood of the public.

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It does seem that this time around the politicians are out of touch with public opinion on house prices. As I've said before there seems to be many voices in the UK media who are saying things that would not have been said before 2007/8. The government seem to be like some posters here who still think that everyone with property is in favour of rising prices.

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Does this explain the failed appearance of the 'Joy for homeowners as prices rocket' style front page of the Mail?

Mail has recently been high lighting the plight of savers and how poor the returns are from annuities so has probably made the connection at last.

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It does seem that this time around the politicians are out of touch with public opinion on house prices. As I've said before there seems to be many voices in the UK media who are saying things that would not have been said before 2007/8. The government seem to be like some posters here who still think that everyone with property is in favour of rising prices.

The thing is the government are probably at least smart enough to see the huge consequences of house prices actually dropping significantly. How many banks would fail in this situation and how many defaults would there be?

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The thing is the government are probably at least smart enough to see the huge consequences of house prices actually dropping significantly. How many banks would fail in this situation and how many defaults would there be?

Experience from Spain Ireland and the US seems to prove that failing banks ( even on their Liar Balance Sheets) makes no difference to whether a bank can continue or not.

There would be no effect that a few bad banks and another 5,000 Highly paid bankers couldnt fix.

Meanwhile, having saved bankers the embarrassment of hangings in the streets, we would have a HPC of uncertain depths and a resumption to competitiveness....Many people would have to suffer redundancy and pay cuts to compete, and this would take a few years to work through, but the bust would be started to be allowed to cleanse things out.

It will happen either way, at this time they are trying to keep the opposing forces of deflation and inflation in check and trying to acheive GDP growth at the same time as not actually having any real austerity and win the next election.

so many plates to keep spinning to save a few bankers.

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Does this explain the failed appearance of the 'Joy for homeowners as prices rocket' style front page of the Mail?

It would be quite funny if Osbourne's attempt to buy the votes of the great unwashed with their own money blew up in his face.

What price the Tory claims to be the party of fiscal prudence if their flagship policy should come to be regarded as the reckless opportunism is actually is?

Perhaps in attempting to replicate Thatcher's 'right to buy' style success when she sold off the social housing stock on the cheap Osbourne has misjudged the mood of the public.

Well, Daily Mail readers will have kids/grandkids and may just, after several attempts, be noticing the sheer impossibility of their buying a house to live in.

(Express readers presumably can't work out how to reproduce so it's not as much of a problem)

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The thing is the government are probably at least smart enough to see the huge consequences of house prices actually dropping significantly. How many banks would fail in this situation and how many defaults would there be?

It would be catastrophic, but this is far worse. We all have limited lifespans, and some of us are trying to play the game straight. If this was monopoly, it like somebody let the 10 year old be the banker. We need to get it over with and allow integrity to return to the game we're all playing, since then the people who have technically lost according to the "rules" actually will lose and we can all go and make fishfinger sandwiches.

.. well, its a dream.

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Help2Buy is imploading. Everyone knows it's insane. Only VIs are defending it, and they look ridiculous.

Yup

it seems bankers and the government have lost all concept of basic maths,maybe they need to go back to school and learn home economics,The frightening thing is they are liable to pull us all down.

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Yup

it seems bankers and the government have lost all concept of basic maths,maybe they need to go back to school and learn home economics,The frightening thing is they are liable to pull us all down.

+1

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