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rantnrave

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Was just reading over a couple of press releases about rics. Interesting they refer to house prices starting to 'recover'.

1) interesting that 'recovery' to a position of rampant inflation is considered a good thing (who cares about affordability!)

2) that it's considered they still need to 'recover' since a lot of the noise coming out the media is about how well house prices are doing and YOU MUST BUY NOW.

Interesting how just little emotive words like 'recover' can manipulate the 'hearts and minds' of 'hardworking British families' :)

Edit: typo!

Edited by Mr 0.01%

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...especially in the context of BBC breakfast's lead story this morning - '2 MILLION CHILDREN LIVE IN HIGHLY-INDEBTED FAMILIES'.

Rampant house price inflation can't be a bad thing tho?

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The critical issue for the market remains the lack of second hand supply, with our numbers suggesting that the picture is, if anything, getting worse,said Simon Rubinsohn, chief economist at RICS

I am not sure what the RICS sales stats are like but tally's with my experience of low supply and the low repo's. It is an interesting note with htb is more effective for the newbuilds. Would suggest the newbuilds market is moving but secondary looks to be grinding to a halt.

Edited by Ash4781

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I am not sure what the RICS sales stats are like but tally's with my experience of low supply and the low repo's. It is an interesting note with htb is more effective for the newbuilds. Would suggest the newbuilds market is moving but secondary looks to be grinding to a halt.

And RICS members may not get the same skim with a newbuild I guess, builders seem to market them directly.

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...especially in the context of BBC breakfast's lead story this morning - '2 MILLION CHILDREN LIVE IN HIGHLY-INDEBTED FAMILIES'.

Rampant house price inflation can't be a bad thing tho?

Shouldn't that be:

AS PLANNED - '2 MILLION CHILDREN LIVE IN HIGHLY-INDEBTED FAMILIES'.

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