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munimula

It's My Hpc Anniversary

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What a year, the bad news has grown and grown yet apparently we've avoided a house price crash. Yeah, right.

We might not be able to declare a house price crash occured in 2005 (although you could argue new build flat prices down 20% is actually a crash) but what is clear is that the chances of us having a house price crash in 2006 are even greater than they were a year ago. Every 4 mins in the UK we are adding another £1M to the debt pile, money is being sucked out of the economy to service this debt.

Generally recession follows and has followed every downturn in the property market. This one should be no different. Look at the severe drop in consumer spending, and this is just the start. With increasing taxes, increasing fuel bills things can only get worse, especially as most of us are unable to secure wage rises to compensate and so much money is being wasted servicing the huge debt burdon.

It seems almost inevitable that we will go into recession which generally comes around 18 months after the downturn. Therefore we can expect this sometime in 2006 and this looks like the most likely trigger for a crash.

We will be proved right! (eventually)

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Guest consa

What a year, the bad news has grown and grown yet apparently we've avoided a house price crash. Yeah, right.

We might not be able to declare a house price crash occured in 2005 (although you could argue new build flat prices down 20% is actually a crash) but what is clear is that the chances of us having a house price crash in 2006 are even greater than they were a year ago. Every 4 mins in the UK we are adding another £1M to the debt pile, money is being sucked out of the economy to service this debt.

Generally recession follows and has followed every downturn in the property market. This one should be no different. Look at the severe drop in consumer spending, and this is just the start. With increasing taxes, increasing fuel bills things can only get worse, especially as most of us are unable to secure wage rises to compensate and so much money is being wasted servicing the huge debt burdon.

It seems almost inevitable that we will go into recession which generally comes around 18 months after the downturn. Therefore we can expect this sometime in 2006 and this looks like the most likely trigger for a crash.

We will be proved right! (eventually)

Happy anniversary!!

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  • 302 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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