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eric pebble

Academics Give Stark Warning Over Threat Of London Housing Bubble

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"Academics give stark warning over threat of London housing bubble"

https://www.estateagenttoday.co.uk/breaking-news/2015/11/academica-give-stark-warning-over-threat-of-london-housing-bubble

Oh really?!? Do you need to be a F* CKING "ACADEMIC" to foresee that?!? A child of 11 could F'* CKING work that one out in 10 seconds. :rolleyes:

Edited by eric pebble

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"Academics give stark warning over threat of London housing bubble"

https://www.estateagenttoday.co.uk/breaking-news/2015/11/academica-give-stark-warning-over-threat-of-london-housing-bubble

Oh really?!? Do you need to be a F* CKING "ACADEMIC" to foresee that?!? A child of 11 could F'* CKING work that one out in 10 seconds. :rolleyes:

Dinner with former hpi cheerleaders last night (in London) - "it can't go on can it ? I give it 2 years"

Reasons ?: "Well prices should be supported by salaries and its obvious that isn't happening on anymore, I blame all those Russians"

OK its not the Russians, but I was impressed. I know about the last Bear but what about when common-or-garden Bulls starts conceding its an unsustainable bubble ?

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Dinner with former hpi cheerleaders last night (in London) - "it can't go on can it ? I give it 2 years"

Reasons ?: "Well prices should be supported by salaries and its obvious that isn't happening on anymore, I blame all those Russians"

OK its not the Russians, but I was impressed. I know about the last Bear but what about when common-or-garden Bulls starts conceding its an unsustainable bubble ?

2 years!!! prices in London are already dropping and volumes are collapsing.

2 months more like.

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2 years!!! prices in London are already dropping and volumes are collapsing.

I think its a technical term for "not right now, but things are extremely unhealthy, so not in a really long time either"

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2 years!!! prices in London are already dropping and volumes are collapsing.

2 months more like.

Prices in London are dropping now. When the so-called widely-touted "spring bounce" fails to happen, they will go into vertical free fall. There will be a lot of bluster and "seasonal adjustment" so the indexes probably won't show it, but it will be happening nonetheless.

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2 years!!! prices in London are already dropping and volumes are collapsing.

2 months more like.

Prices in London are dropping now. When the so-called widely-touted "spring bounce" fails to happen, they will go into vertical free fall. There will be a lot of bluster and "seasonal adjustment" so the indexes probably won't show it, but it will be happening nonetheless.

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Cameron tried to take credit last week for 0% inflation. He loves HPI. Loves it. Loves it.

Hopefully if Eric Pebble slaps his signature about liar loans around enough people we can stop this madness. :rolleyes::lol::lol::lol:

You know, if there was a general election next week and the only choices were a party led by Cameron and a party led by Corbyn, I'd vote for Corbyn.

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Academics? According to whom?

The URL seems to refer to someone or something calling itself "academica". Which might just bear the same relation to academics as Screaming Lord Sutch did to the House of Lords. Or the University of England at Oxford (an American company - no idea if it's still going - selling "degrees" by correspondence course) to any better-known institution of mediæval origin.

Edited by porca misèria

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In 2007 we had Northern Rock 125% mortgages enabling people to buy houses we suspected they couldn't really afford.

Now we have governbankment sponsored liar loans in the form of Help to Buy Bail Banks. This "help" is an open declaration to the fact that people are definitely unable to afford to buy houses.

Oh look.... people only being able to afford 80% but with a 20% governbankment liability if they default, is similar to 2007, the 20% "help" is 25% of 80% so in a way it's back to 125%?

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I completed missed the 125% mortgage era as I'd just left school. How did they defraud work?

They simply allowed you to borrow 125% of the value of the property the 25% over the value was normally on a personal loan basis but not all

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