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TheCountOfNowhere

The Bubble Word

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I've heard the BUBBLE world ( shhhhhh, dont say it or it pop ) 3 times this week on TV and radio, the latest one was talk sport this morning. The B****E ( shhhhhh, dont say it or it pop ) is more a mania now.

BUBBLE

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Me too.

I am still hoping for a big "pop". Not for me. (It doesnt affect me right now.) I want it for my 3 kids who are just too young to buy and not yet able to.)

But today, I read (in some papers) that UK prices will keep rising until 2020! So with each bit of promising news comes a counter depressing view.

I am less sure now than I was (last year) that prices are heading for a big correction, especially as more and more people pile and this will create an almighty problem for the government if interest rates rise and/or prices collapse in the near future.

But how can prices continue to rise when wages are not rising and it's getting harder and harder for keen young people to get a decent job and to save up?

:(

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Me too.

I am still hoping for a big "pop". Not for me. (It doesnt affect me right now.) I want it for my 3 kids who are just too young to buy and not yet able to.)

But today, I read (in some papers) that UK prices will keep rising until 2020! So with each bit of promising news comes a counter depressing view.

I am less sure now than I was (last year) that prices are heading for a big correction, especially as more and more people pile and this will create an almighty problem for the government if interest rates rise and/or prices collapse in the near future.

But how can prices continue to rise when wages are not rising and it's getting harder and harder for keen young people to get a decent job and to save up?

:(

Those headlines were common place in 2007 and a pre-cursor to collapse. There is no one to support the housing pyramid other than dodgy money and BTL-ers. The housing market for the people who live in the country is dead. The current situation is unsustainable, the situation is now worse than it was in 2007 but this time it's different, there is no where to hide when it collapses. The banks will repossess this time happy in the knowledge their balance sheets will stand the sales and the government will back them to the hilt.

You can see it coming from a mile off.

Not before the election of course....they wish

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