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TheCountOfNowhere

Loose lips sink...bubbles

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http://metro.co.uk/2017/07/09/house-prices-slipping-in-wake-of-warning-about-market-on-verge-of-collapse-6765656/

 

A well-respected report is expected to show that house price rises are slipping in the wake of warnings that the market is on the verge of collapse.

 

I don't know why, but this makes me want to:

 

 

 

 

 

 

 

 

:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: 

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"London and then move out across the rest of the country. In the capital, you are already seeing house prices rising less rapidly than in other parts of Britain.’"

 

 

Can't bring them selves to say...falling.

 

:lol: :lol: :lol: :lol: :lol: 

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Pretty much confirming what we've said on here for a while.

London is the centre of the Tsunami.

The wave has hit the shires pushing prices up to insane levels.

When the wave retreats it'll leave much flotsam left behind.

No one in the shires can afford to pay the prices the london loons moving out of the city have been paying....when prices in London collapse they have no one to sell to.

 

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‘We are due a significant correction in house prices. I think we are beginning to see signs that correction may be starting,’ he said

:o 

How many thousand of commuters have read that lovely little quote this morning? 

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No. 1 recommended comment

Quote

Bring back 100% mortgages! Who these days have a deposit rent work have children and manage to save... whilst trying to survive living not many

Problem solved!

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2 hours ago, TheCountOfNowhere said:

Pretty much confirming what we've said on here for a while.

London is the centre of the Tsunami.

The wave has hit the shires pushing prices up to insane levels.

When the wave retreats it'll leave much flotsam left behind.

No one in the shires can afford to pay the prices the london loons moving out of the city have been paying....when prices in London collapse they have no one to sell to.

 

giphy.gif

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Fresh from the Guardian live feed:

Quote

The Bank of England is also concerned that lenders are offering longer and longer mortgages.

Deputy governor Sam Woods warns that some borrowers could find themselves still paying off their debts when they reach retirement.

 

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51 minutes ago, Mine the wheatfield said:

I live in the SE, and in the last 7 - 10 DAYS have seen prices softening from Space Cadet Crazy to Bat Crap Crazy.  A long way to go - but very, very fast.  I do so hope I'm right - by August I should be able to smell the fear.

Have a look my BTLers heading for the exit, one HMO in Tunbridge wells, asking price down 450K and going to action at 500K below IAP.

 

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Qality comments.

 

 

David Peers · 

Chamith Gunathilaka If people can't see a bubble when it's smacking them in the face that's their problem - I'm sick of seeing idiots falling over themselves to take on stupid ammounts of debt. The era of the prudent draws nearer.
 
C'mon own up, which one of you id David Peers ?
 
 

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"Leon Cox · 

House prices will never crash unless they completely turn off borrowing. If house price dropped anyone who has cash knocking about would just snap them up.."
 
I have cash knocking about and I wouldnt touch pwopatee with a barge poll.
 
Wishfull thinking there, people with money didn't get it by bailing out idiots.

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My Hero....

 

 

Lee Pedder

Last month Halifax reported falls of 1% , not yet reflected in the annual figures due to growth last year. Sorry but you're wrong, house prices are falling.

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Thomas Wilson · 

as Thatchers policy was to make everyone buy house so they could never strike as they would always have to pay their mortgage and always have to pay for repairs, oh and make their mortgage lenders lots of money. Then fooled them that the prices would go up forever

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Umihito Kurogawa

Where I live prices have hardly gone up in the last ten years. In other places they have doubled or even tripled in the same time. How can that even make sense? It's sheer speculation, greed and hysteria. Hope there's a crash, particularly in the areas that have seen the most ridiculous rises.

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Thorarrin Jezard

Good this'll teach the baby bangers oops I mean boomers for their lives of greed that have destroyed the chances of today's young! You reap what you sow oldies!

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