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House Prices Being Discussed On This Morning

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I can never bear to watch/listen to these "articles" .... too scared that my blood pressure will increase beyond safe limits! Interested to read your summary after of course :)

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Getting more main stream now , Standard front page yesterday reported on people with 2 bed houses not being able to move to 3bed as the price difference plus stamp duty was too much.

In general seems that prices up good news articles are starting to dwindle

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While we're waiting for the summary KJW :), BBC Breakfast did have all of a 1 minute slot devoted to house prices this morning. Bank of England Deputy Governor Sir Jon Cunliff saying "prices rising faster than people's incomes" and "That leads to a big increase in the amount of debt in the economy," is a threat to the UK economy. Which is better than not having a 1 minute slot I guess.

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Getting more main stream now , Standard front page yesterday reported on people with 2 bed houses not being able to move to 3bed as the price difference plus stamp duty was too much.

In general seems that prices up good news articles are starting to dwindle

i read that article too. some numpty with a bomad name bemoaning the fact that if he sells his 2 bed flat in muswell hill he can't afford a 3 bed house with a garden in muswell hill. c'est la vie

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While we're waiting for the summary KJW :), BBC Breakfast did have all of a 1 minute slot devoted to house prices this morning. Bank of England Deputy Governor Sir Jon Cunliff saying "prices rising faster than people's incomes" and "That leads to a big increase in the amount of debt in the economy," is a threat to the UK economy. Which is better than not having a 1 minute slot I guess.

Yep on BBC Business interweb too

http://www.bbc.co.uk/news/business-28140588

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While we're waiting for the summary KJW :), BBC Breakfast did have all of a 1 minute slot devoted to house prices this morning. Bank of England Deputy Governor Sir Jon Cunliff saying "prices rising faster than people's incomes" and "That leads to a big increase in the amount of debt in the economy," is a threat to the UK economy. Which is better than not having a 1 minute slot I guess.

1 minute. :) lol

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Sorry, it was a about buying a house, not selling! So no!

It was about hazards in the buying process, what you should do and what questions to ask.

The only question many potential buyers need to ask is "WTF am I thinking?"

http://www.rightmove.co.uk/property-for-sale/property-31236327.html

"Can I have my ball back from your garden mister? In fact, s'ok I can reach it from the road"

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The only question many potential buyers need to ask is "WTF am I thinking?"

http://www.rightmove.co.uk/property-for-sale/property-31236327.html

"Can I have my ball back from your garden mister? In fact, s'ok I can reach it from the road"

Yes, it is very very scary how people have let this obvious scam/Ponzi scheme around property take root. I don`t believe there will be enough new debt participants going forward to keep it going though.

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The 'link detached' description always amuses me whenever I see it on Rightmove.

I immediately imagine siamese twins, attached by the head, denying that they are siamese twins, but are in fact link-detached siblings.

Edited by Reck B

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The only question many potential buyers need to ask is "WTF am I thinking?"

http://www.rightmove.co.uk/property-for-sale/property-31236327.html

"Can I have my ball back from your garden mister? In fact, s'ok I can reach it from the road"

Everything about that house is so wrong...is this what we have got down to...or gone up to, all that is left to do is laugh. :blink:

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Detached from reality indeed.

Hard to imagine people earning £100k+ in the NW will find it commensurate with their expectations.

Offers in Region of
£515,000
Approx $882,213 for that in Chester.

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Getting more main stream now , Standard front page yesterday reported on people with 2 bed houses not being able to move to 3bed as the price difference plus stamp duty was too much.

In general seems that prices up good news articles are starting to dwindle

Yep and this problem is only going to get worse as prices go up.

The only to move up and get a larger house will be to move out of the area you are in.

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Re MSM not hyping so much - the day after the Nationwide index exceeds it's 2007 peak and the Daily Express does not run this as a front page story :o

Maybe they have realised that it doesn't matter how much the house goes up you are tied to it, the job and the payments that can only go up....the higher it gets the more it prices out the next move...you can't make two full time jobs into three. ;)

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