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Kingmaker

Buy Now, Pay Later, Stupid Permanently.

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http://www.timesonline.co.uk/tol/comment/c...icle2490136.ece

Favourite stupid quote: "It is not uncommon today for people to be allowed to borrow five or six times their earnings, not because the banks are profligate but because property is now so expensive."

I don't know whether to laugh or cry. :huh:

"Rising property prices have been a boon for buyers as banks have increased the amount they're willing to lend. At current projections the average first-time buyer will be able to borrow 25 times their salary by 2015 giving them unprecedented buying power." :lol:

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http://www.timesonline.co.uk/tol/comment/c...icle2490136.ece

Favourite stupid quote: "It is not uncommon today for people to be allowed to borrow five or six times their earnings, not because the banks are profligate but because property is now so expensive."

I don't know whether to laugh or cry. :huh:

And also the one blaming the government for not stopping them borrowing too much is stoooopid, since they would be the first to complain about the Nanny State and how we shouldn't be treated like children in any other aspect of our lives.

On the plus side, she does mention greenspan saying house prices are going to fall, so at least it puts that out there.

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