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gruffydd

Borrowers Face 6% Inflation Rise - Metro

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But it's OK - you can MEW yourself out of trouble, because according to the same paper (Metro, 2 days ago) house prices will be 400K on average by 2012. <_<

I spoke to NHF this morning - to one of their most senior people, and they agreed to give things more thought before sending out such property ramping headline grabbing news next time. Here's hoping.

Please phone them and let them know their news release was couterproductive (NHF are lobbying for affordable housing - by sending out news releases that encourage buy-to-let investment, they are simply making a bad situation worse)- Tel: 020 7067 1010. Ask them to register your complaint. Discourage them from ramping the property market in the future.

Edited by gruffydd

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I spoke to NHF this morning - to one of their most senior people, and they agreed to give things more thought before sending out such property ramping headline grabbing news next time. Here's hoping.

Please phone them and let them know their news release was couterproductive (NHF are lobbying for affordable housing - by sending out news releases that encourage buy-to-let investment, they are simply making a bad situation worse)- Tel: 020 7067 1010. Ask them to register your complaint. Discourage them from ramping the property market in the future.

If they apply enough pressure in this way so many new houses are built the crash/correction will then be bigger!

I’m hoping for more such headlines, even wilder ones:

“Average house price to exceed 1,000,000 by 2012!”

Great stuff!

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However, markets expect rates will peak at 6% early next year, easing back throughout 2008 and 2009.

anyone else think that 6% will be the peak? not including nohpc :lol:

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