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paranoidmick

Prime Time Tv Covering Debt

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Half an hour ago on BBC, 'Wwatchdog' type tv with banks being critisised for irresponsible lending and misselling of payment insurance . One individual highlighted was unemployed and ill prior to bank lending and recommending useless(in those circumstances )insurance. One debt of around £100,000 with no means or hope of repaying, bank agreed to write off all unsecured debt in that case. I only caught the end of it but it seems that my predictioons are beginning to materialise. One of my first posts related to hearing that banks were making provision for writing off debt at the back end of 2004.

Bancrupties soaring, prices falling VIs no longer able to play the king Canute card.

My predictions are on course, the one that worries me the most, for the state of the economy, is the extent of the fall, 30% minimum to 50% in some cases falls in HPs.

At the risk of sounding like a scratched record, its really going to be messy out there and i take no pleasure from being right when so many people are going to get badly burned.

Divorce, depression, bancruptcy, suicides, its not going to be a happy New year for those who were to slow/ignorant/ignorant to see what has been coming, or am i just beong paranoid?

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Half an hour ago on BBC, 'Wwatchdog' type tv with banks being critisised for irresponsible lending and misselling of payment insurance . One individual highlighted was unemployed and ill prior to bank lending and recommending useless(in those circumstances )insurance. One debt of around £100,000 with no means or hope of repaying, bank agreed to write off all unsecured debt in that case. I only caught the end of it but it seems that my predictioons are beginning to materialise. One of my first posts related to hearing that banks were making provision for writing off debt at the back end of 2004.

Bancrupties soaring, prices falling VIs no longer able to play the king Canute card.

My predictions are on course, the one that worries me the most, for the state of the economy, is the extent of the fall, 30% minimum to 50% in some cases falls in HPs.

At the risk of sounding like a scratched record, its really going to be messy out there and i take no pleasure from being right when so many people are going to get badly burned.

Divorce, depression, bancruptcy, suicides, its not going to be a happy New year for those who were to slow/ignorant/ignorant to see what has been coming, or am i just beong paranoid?

You are SPOT ON paranoidmick.......

EP - First Time Buyers - Hang On - Don't Buy, They are playing tricks with you - http://www.housepricecrash.co.uk/forum/ind...65entry191365

- http://www.housepricecrash.co.uk/forum/ind...05entry254005 - http://www.housepricecrash.co.uk/forum/ind...47entry252447 - http://www.housepricecrash.co.uk/forum/ind...72entry233072 - http://www.housepricecrash.co.uk/forum/ind...39entry217339 -

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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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