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Realistbear

Shocking News Just In From Halifax

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http://www.abcmoney.co.uk/news/2920061818.htm

Published on : Sun, 29 Jan 2006 20:05

LONDON - New research by Britain's biggest mortgage lender, the Halifax has shown that the number of first-time homebuyers has hit a record low in 2005 in the last quarter of a century. The report says that about 320,000 people made some purchases last year, but this figure was 10 percent less than that of 2004 and 40 percent less than that of 2002.
Halifax also said that most first time buyers are "priced out" of the market. This was true with regard to semi-detached property in 87 percent of the towns as compared to 41 percent of the towns three years ago.

And of the 320,000 fools who gave in and bought at the top of the market in 2005 how many will go skint in the next 2 years?

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And of the 320,000 fools who gave in and bought at the top of the market in 2005 how many will go skint in the next 2 years?

CLASS - PURE CLASS :lol:

Edited by teddyboy

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Perhaps this is part of a plan - we need to be able to lend 10 times income legislators - aren't the banks lobbying around this issue in parliament at the moment - oh, its the only way we're going to get FTBs back into the market - 100 times income, 1000 year mortgages, prattle prattle. No doubt the MPs will think them sensible.

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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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