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Foxtons Share Price And The Housing Market - Merged


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Good close at week end - 265.

Currently lower. Close below 280, to remind, at end of week, would be 2 week closes below what appears to be pivotal 280p.

if happens - potentially bearish for London RE mkt.

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Good close at week end - 265.

Currently lower. Close below 280, to remind, at end of week, would be 2 week closes below what appears to be pivotal 280p.

if happens - potentially bearish for London RE mkt.

260 again. The canary's having a convulsion.

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266.7p and falling...

The only thing keeping the housing market going ( esp in London ) is fear/sentiment and the government backed low interest rate debt .

Take away the government support and you have a 50%+ crash in londoin.

Take away the sentiment and who knows where prices will fall too.

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The UK Govt will NEVER stop supporting housing market. STOP even thinking they might.

No, the next global econ shock will do for the UK RE mkt.

I dont seem them supporting the housing market, I see them supporting the banks.

When the banks want to crash the market and get sales volumes/more sustainable debt going ( once their balance sheets are repaired ) the government will also support them.

We will see headlines from London like, Government forcing down cost of housing for peoples benefits etc.

This whole thing is about the bankers not the people.

Edited by TheCountOfNowhere
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