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crash co-ordinator

The Crash Has Been Cancelled!

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Check the following link out. Its's just plain stupid. Because Mortgage approvals are up (not actual property sales) the housing market is "saved" and the "crash" has once again been avoided. Has this bloke actually taken the time to think that the market is looking "grim" and Estate Agents are so desperate to move property on that even Osama Bin Laden could get a mortgage in the UK? Anyway, judge for yourself.

Ps: Love the Site

http://money.msn.co.uk/MyMoney/Insight/Mon...ebt/default.asp

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Love the link-in.

There are always good reasons why you should buy a property. Click here to read some

Yes lots of reasons - it keeps the banks' profits up for a start amd keeps us in ad rev.

And if you already own your own home, there are always ways of mobbing on up to the next, bugger and better one

Hell, why not just buy two, you know it makes sense.

Whether you are buying a home or re-mortgaging, you should always ask yourself some simple questions

Yes, don;t ask any difficult questions or you might twig that you are making yourself poorer.

And for anyone who is new to entire process of borrowing to buy a property, you should look at this MSN Money area and find out everything you need to know

We love you the most, you are the most gullible and we can guide you to exactly where we want you to go.

Compare rates on mortgages

Job done, now for the financial bits.

Haha, missed the next one.

]How to arrange a funeral

A financial one perchance ?- see above.

Edited by OnlyMe

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Check the following link out. Its's just plain stupid. Because Mortgage approvals are up (not actual property sales) the housing market is "saved" and the "crash" has once again been avoided. Has this bloke actually taken the time to think that the market is looking "grim" and Estate Agents are so desperate to move property on that even Osama Bin Laden could get a mortgage in the UK? Anyway, judge for yourself.

Ps: Love the Site

http://money.msn.co.uk/MyMoney/Insight/Mon...ebt/default.asp

We must not forget that it is different this time:

We have record price to earnings ratios,

Record credit card debt,

Record numbers of FTBs who cannot afford to feed the bottom of the pyramid,

60% increase in County Court Judgments for repossessions over 2004,

Record decline in High Street sales,

9 months in a row of declining house prices according to the PM's office,

B & Q and other building supply firms closing retail outlets,

An economy that is slowing drastically and the Chancellor having to admit it,

North Sea oil and gas running out,

Record energy costs,

Rising unemployment

But......things are still looking good for continued house price inflation--NOT

:lol::lol::lol:

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With the influx of trolls recently, the title of this thread, the name of the poster and the fact he/she registered today, I thought :rolleyes: here's another one.

How refreshing to find that my expectations were proved wrong.

Welcome.

NDL

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The best summary explanation, from Business Week: "Today's housing prices are predicated on an impossible combination: the strong growth in income and asset values of a strong economy, plus the ultra-low rates of a weak economy. Either the economy's long-term prospects will get worse or rates will rise. In either scenario, housing will weaken. Caveat emptor."

not cancelled just slow to materialise owing to illiquid nature of housing as asset......

Houses aren't traded like shares,,...........so rises and especially falls much slower

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Hi,

Ah! you got me with that title! I do really like the troll line 'crash has been cancelled'. I keep thinking of TTRTR, London_Landlady, Kirsty and Gordon Brown sitting around a Kremlin style bunker in the soviet republic days, planning the quotas and production levels for the coming year in the housing market. Sitting in big fur coats, swiging vodka. "Da commrades, stagnation, stagnation".

House prices to high, economy too low. Just like the fall of communism and the Berlin Wall really.

Boomer

Edited by boom_and_bust

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The best summary explanation, from Business Week: "Today's housing prices are predicated on an impossible combination: the strong growth in income and asset values of a strong economy, plus the ultra-low rates of a weak economy. Either the economy's long-term prospects will get worse or rates will rise. In either scenario, housing will weaken. Caveat emptor."

That is THE best summation of the market I have EVER seen. Concise, to the point, irrefutable.

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  • 301 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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