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House Prices 'poised For Sudden Slowdown'

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House prices 'poised for sudden slowdown'

Nick Goodway, Evening Standard

25 July 2007

http://www.thisismoney.co.uk/mortgages/hou...p;in_page_id=57

House prices could slow down sharply over the coming six months, Britain's fifth-largest mortgage lender warned today.

Northern Rock said that house prices, which last month showed annual increases of just over 10%, could be rising at the same level as wages by the year-end, which would mean by as little as 4%.

No, guess again. Most companies can't manage wage inflation at 4%. What about all those key workers facing 10x mortgages? Hasn't their wage increase just been reviewed downwards from 2.5%??

Edited by AvidFan

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House prices 'poised for sudden slowdown'

Nick Goodway, Evening Standard

25 July 2007

http://www.thisismoney.co.uk/mortgages/hou...p;in_page_id=57

No, guess again. Most companies can't manage wage inflation at 4%. What about all those key workers facing 10x mortgages? Hasn't their wage increase just been reviewed downwards from 2.5%??

I think the 4% pay rise figure is far to high, i hear of many people not getting above 2%.

I wonder if the 0% rise that some people get are calculated into the pay rise figures.

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Great stuff. The Evening Standard has a huge circulation in London. All those people reading it on the tube and train this evening - mwahahaha...

Yeah, but read all the 'ostrich' comments at the bottom of the article. People won't accept it.

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Yeah, but read all the 'ostrich' comments at the bottom of the article. People won't accept it.

Daily Mail brigade, you can't expect anything else.

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Great stuff. The Evening Standard has a huge circulation in London. All those people reading it on the tube and train this evening - mwahahaha...

Oh yeah . . . they'll all be buying razor blades tonight to end it all, won't they ? <_<

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House prices 'poised for sudden slowdown'

Nick Goodway, Evening Standard

25 July 2007

http://www.thisismoney.co.uk/mortgages/hou...p;in_page_id=57

No, guess again. Most companies can't manage wage inflation at 4%. What about all those key workers facing 10x mortgages? Hasn't their wage increase just been reviewed downwards from 2.5%??

Tut, these journalists are just tho' sensationalist with their language! Its enough to scare the sheeple into a panic. :angry: *

_______________

* :)

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Guest Winnie
Oh yeah . . . they'll all be buying razor blades tonight to end it all, won't they ? <_<

In fact Tara is right. People are so tired they only read the headlines on the way home, and even if they went to para one they would see the sacred name of Northern Rock in trouble....... That is what catches sentiment. Headlines and first paras. You ask any Meeja expert.

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In fact Tara is right. People are so tired they only read the headlines on the way home, and even if they went to para one they would see the sacred name of Northern Rock in trouble....... That is what catches sentiment. Headlines and first paras. You ask any Meeja expert.

..or showing off doing the Sudoko puzzle. Anyway I have tonights Evening Standard in front of me. You would be hard pressed to find the article as its tucked away at the bottom of the business pages. "House prices booming" stuff always gets front page, banner headline treatment.

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I got pissed off and added a comment. It hasn't appeared yet. Perhaps I should have echoed the guy who said that property will go up 10% a year forever? This guy needs to buy a muckle great calculator to work out future prices.

I don't think it matters whether the media pick up on the crash or not. Too much is made of what is published in the media. I get annoyed that they're so slow and thick but it really makes little difference to the eventual outcome.

This crash will happen in banks and in estate agents' offices and in livingrooms. The media can get with it sooner or later but it matters not a jot.

The man in the street will be way ahead of the media soon enough (as soon he tries to sell his house and finds out that the market is stalling).

The market will be standing still very soon. This is what makes estate agents really shit themselves. Then they will get on the blower and realize that they need volume and volume can only happen (now) in a downtrend.

Anyone buying right now may as well buy something up a few floors so that the fall actually kills them outright.

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