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ajh

If The Vi's Get Really Desperate

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One thing that's been nagging in the back of my mind.

I vaguely remembering reading an article about the 90's crash saying that at one point 70% of the people in SE England who had bought in the previous 3 years were in negative equity.

Now if the current bubble has inflated further, and bursts in the same way, there could be a similar situation all across the UK this time? Not to mention the legions of MEWLS and underwater BTL'ers.

Is it possible that that scenario would provide a constituency in favour of having the UK join the euro zone, on the assumption that the lower euro interest rates will restore their equity by increasing affordability?

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One thing that's been nagging in the back of my mind.

I vaguely remembering reading an article about the 90's crash saying that at one point 70% of the people in SE England who had bought in the previous 3 years were in negative equity.

Now if the current bubble has inflated further, and bursts in the same way, there could be a similar situation all across the UK this time? Not to mention the legions of MEWLS and underwater BTL'ers.

Is it possible that that scenario would provide a constituency in favour of having the UK join the euro zone, on the assumption that the lower euro interest rates will restore their equity by increasing affordability?

No.

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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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