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Mark Carney: There is no housing bubble

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Mark Carney asked just now at the Treasury Select Committee hearing if we have a housing bubble.

He answers with a firm "No". Just "structural challenges".

"It's supply and demand". "I guess the level of interest rates matters to prices" - his exact words. "I guess".

Help to Buy has little impact on prices.

His only other point of reference was that Canada is bigger and they build more houses. 

Clueless. Frightening clueless.

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Guy is a ******ing Moron , no bubble so the 100k plus increase over 3 years in my town on an average 3bed house is normal behaviour then Mark ..double digit increases whilst wages are in low single figures is also substantially ..

 

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He's right about supply and demand.

 

But it's not houses.

 

There's a demand for cheap easy credit. And plenty of banks willing to supply.

 

Therefore, people borrowing more and more and pushing up prices.

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He's taken a lesson from Trump - this is a post truth world.  It is possible to state clear nonsense and get away with it

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3 minutes ago, Wayward said:

He's taken a lesson from Trump - this is a post truth world.  It is possible to state clear nonsense and get away with it

its a subjective truth world I'd say, the only truths are within us etc.

 

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4 minutes ago, Si1 said:

Revolution is in the air.

He was also totally blase about levels of consumer debt. Said it's very minor, not worth worrying about. He could care less.

No wonder more and more are rallying around Corbyn.

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I expect this performance will make a lot of people very angry - hopefully some will be in positions of power and not worthless renter/saver low lifers that count for nothing

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1 minute ago, Shrink Proof said:

Mark Carney: "There is no housing bubble"

He went on to say that the Earth is flat and Formica is edible.

Image result for carney money is curry

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If policy decision makers were people that are not paid, they were unpaid volunteers, could they then be more impartial and make better economic decisions?......or is higher inflation, erosion of the value of money, a low pound, bubble assets, low/negative interest rates with cheap credit all good for hard working people and their futures?;)

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7 minutes ago, Shrink Proof said:

Mark Carney: "There is no housing bubble"

He went on to say that the Earth is flat and Formica is edible.

Formica is edible? :huh:

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Not watching this & normally can't stand the Tory toff Jacob Rees-Mogg but he's the only TSC member I've ever seen to give Carney a hard time. He's the one to contact to put this **** in his place.

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1 minute ago, ubuntu said:

Not watching this & normally can't stand the Tory toff Jacob Rees-Mogg but he's the only TSC member I've ever seen to give Carney a hard time. He's the one to contact to put this **** in his place.

I thought he was off the tsc now?

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Life's looking good for comfortable Carney. 

Your problems with house prices or rent or debt? What problems? There are none.

Mr Carney can't see them. He doesn't care. Too much sunshine in his eyes.

36FBA20700000578-3728461-image-a-16_1470

 

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Still anyone predicting a rate rise in November. The markets don't think so. The bank give jack s**t about inflation only wage inflation which is well under control. I bet there will be no rate rise whilst he is cheif BoE stooge and those replacing him will be cut from the same cloth!. 

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  • 292 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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