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"The housing market remains well underpinned by a combination of ongoing economic expansion, high employment and historically low interest rates," he said.

How on earth can he still be spouting this shite!!!! :huh:

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"The housing market remains well underpinned by a combination of ongoing economic expansion, high employment and historically low interest rates," he said.

How on earth can he still be spouting this shite!!!! :huh:

We do have ecconomic growth, high employement and low interst rates though. That mutch is true. However the ecconomy will undergo several cycles over the period of an avergae mortgage. You better make sure you can afford it under a worst rather than a best case. Given that unemployement and interest rates are rising and ecconomic expansion is slowing, the worst case may not be that far away.

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"The housing market remains well underpinned by a combination of ongoing economic expansion, high employment and historically low interest rates," he said.

How on earth can he still be spouting this shite!!!! :huh:

There seems to be a belief on this forum that the current resiliance of the market is actually just spin, as opposed to genuine unxepected resiliance.

An EA with a number of branches in Milton Keynes has opened another this week. Properties are moving demoralisingly quickly (from my point of view) since christmas.

I think the quote is about right. the point is, interest rates and employment levels and economic growth can change. Maybe replace the word "underpinned" with "propped up".

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We do have ecconomic growth, high employement and low interst rates though. That mutch is true.

Economic growth is slowing, unemployment has been generally on the increase and interest rates look like they will probably return to an upwards tend by the end of 2006.

Combine this with with record consumer debt, massive government debt and the fact that a significant amount of people are employed by the state and things dont look too rosy at all....

It seems articles that make these kind of statements are printed frequently. I think a large poriton of the population love the fact that their house has increased in value loads and makes them feel rich, and they want constant reassurance that the price will stay high, or even better increase more so they can brag at work about how much its worth :blink:

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We don't have low interest rates.

Mortgage rates are back to April 2001 levels.

http://www.moneyworld.co.uk/dictionary/Int...ory-003455.html

Salaries up bugger all since then.

No mewing for deposits.

So, financing suggestions for boom extension on the back of a postcard to this address....

EDIT: What's interesting is that base rates were 5.50% back then. Hmmm.

And last time base rates were 4.5%, the mortgage rate was just 5.50%, not 6.50%. Someone somewhere is having a Toffee Crisp.

Edited by megaflop

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We do have ecconomic growth, high employement and low interst rates though. That mutch is true. However the ecconomy will undergo several cycles over the period of an avergae mortgage. You better make sure you can afford it under a worst rather than a best case. Given that unemployement and interest rates are rising and ecconomic expansion is slowing, the worst case may not be that far away.

didn't the conservatives have 60,000 in invalidity benifit?

Don't we have 1,500,000 today?

Minister

Our unemployment figures are too high, we must bring these figures down..

Other minister. Figures, easy to bring down.

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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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