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peahead

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The CML pointed out that the figure is much lower than the 76,000 homes repossessed in 1991 at the height of the last recession.

Of course the figure is much lower than the HEIGHT of the last RECESSION... The clues are in the meaning of the words...14000 repo's is an astonishing figure at this stage of the almighty F*ck up we are about to experience (thanks to Gordon) Am I the only one thinking this? I am not sure we have any idea just how bad this rollercoaster's going to get. Just been on Fool.co.uk and some muppet is buying a new build with a 100% mortgage with a 5% developer contribution :blink::blink: The more that the sheeple ignore what is really happening (Land reg quarterly drop for my area already 1.5% to June 07), the worse it's gonna be.

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someone said on the radio earlier that 14000 repos isn't much compared to 1991 because there are a lot more homeowners today. :blink: *

* :lol::lol::lol:

Edited by DoctorJ

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i think those figures are in correct, in the last housing repo the bank with held the amount of homes repo till the last min. its in the interest of the bank at moment in time to hide the repo figures. personally i think its twice the figure.

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i think those figures are in correct, in the last housing repo the bank with held the amount of homes repo till the last min. its in the interest of the bank at moment in time to hide the repo figures. personally i think its twice the figure.

True. The VI's will try to keep things from going downhill too quickly by spinning the numbers.

The trouble is that in time it's possible that everyone will know of someone, whether directly or indirectly, who has been the subject of a repossession order...

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The CML pointed out that the figure is much lower than the 76,000 homes repossessed in 1991 at the height of the last recession.

Of course the figure is much lower than the HEIGHT of the last RECESSION... The clues are in the meaning of the words...14000 repo's is an astonishing figure at this stage of the almighty F*ck up we are about to experience (thanks to Gordon) Am I the only one thinking this? I am not sure we have any idea just how bad this rollercoaster's going to get. Just been on Fool.co.uk and some muppet is buying a new build with a 100% mortgage with a 5% developer contribution :blink::blink: The more that the sheeple ignore what is really happening (Land reg quarterly drop for my area already 1.5% to June 07), the worse it's gonna be.

Peahead

You're spot on - its spin at its worst - trouble is most peaople don't look for the real meaning in the words - but they will come to understand it in time I'm sure of that,

Good post

SB

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