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juvenal

Money Box Live R4 Tomorrow 3Pm Phone In

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Would rather stab my left eyeball with a warm fondue skewer than consume a second of the vile BBC's output.

#paedocorporation

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Sent in my email

"Its irresponsible lending and cheap credit fueling the housing bubble. We have had record low interest rate, QE, Funding for Lending, 40 year mortgages to keep prices pumped. 40 year mortgages are being used to get round the interest only clamp down. Then schemes like shared Ownership and Help to Buy designed to allow builders to keep prices artificially high at huge debt to the buyers who don't fully understand the consequences."

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Apparently it's only the monthly figure, the 'affordability' that is the issue

*sigh*

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Merryn seems to have redeemed herself a bit.

General sentiment of too high prices?

(not if you're a BTL scumlord phoning in ... just put the rent up innit)

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Yeh she's very very good actually.

Decent for a mainstream show:

-Not dwelling on undersupply

-Positive about the tax changes re: BTL

-The people calling in are moaning about credit and capital sloshing about rather than housebuilders not building

-BTL landlord phoned in worried about falling prices after the tax changes and the "expert" in the panel said that there was a huge supply of ex BTL properties coming onto the market - paraphrasing - "as soon as the tenancy has finished they're putting them straight on the market because they know they're getting a good price now"

Final question to the 4 experts was "what happens to the property market now?"

3 say moderate growth

Merryn - "flat until rates go up, then it crashes"

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Henry Pryor was just on 5Live and was also very good. Batted away the supply side argument put forward by the presenter and gave explanations for the flagging market that didn't dwell on the bloody referendum.

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