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sign_of_the_times

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Been the case for years and now the dimwits at the BBC have finally caought up :rolleyes:

I suppose that now it's safe to say that it's too late to get out of the market. The media always report the news when there's no chance of them reverting against them.

:lol:

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http://britishexpats.com/forum/showthread....610#post5389610

I too think it is to late to get out now, i guage my assumption on the fact that my guagometer is the link above, families struggling to sell as they scramble to leave these shores. Its getting pretty heated on the thread, an estate agent giving advice, its comical!

But the guagometer says the peak is long gone in the rear view mirror, we are now in the first stages of the property crash.

People are in denial, but that is the first stage, next is the undercutting of prices, competing for the few buyers. :(

Should be an interesting 5 years of BEAR FOOD? ;)

Edited by Panda

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Professor Steve Wilcox of York University, who carried out the analysis, said that in many areas, people who were unable to buy a house could still afford to rent in the private sector

It takes a professor to work this out. :lol:

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I dont see rents as being low, if prices resembled some degree of normality rents would be substantial, ie 50k for the average studio = 500pm rent = 10% yeild. Prices are high, rents are normal.

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It takes a professor to work this out. :lol:

And in many more cases the ones that couldn't afford to buy OR rent were fcked. :lol:

But the ones with the least money were given free housing. And then they were helped to buy their housing at a huge discount. Then they became speculators and a guy from the City came and leveraged their bonces for three billion apiece. Then the market crashed, but only for a day.

Then Gordon Brown waggled his jowls and we all felt better when he told Mervin to cut rates.

Then they cut rates and wondered why they didn't think of that in the first place. Pretty soon they can just make rates negative and cut out the middle men. Instead of buying houses, all the poor people can just go down to the bank and borrow huge multiples of their non-wages and pay negative interest for the privilege.

Economics is easy.

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Bloody BBC, nothing but VI journos trying to ramp up their BTL empires. What do you expect from a lefty leaning organisation in the pocket of Brown? The sooner we get rid of this NuLabout brainwashing device the better! All you ever see is how property prices only ever go up!

Oh, hang on....

Sorry automatic reaction.

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The report also found that nearly half of all households on the move were going into the private rented sector, which is now enjoying increased investment after a century of decline

great. it declined because it was a social evil of the past which did no one any good and destroyed lives.

next they will be re-introducing child labour since thats been in decline too for a hundred years.

a good indicator to see just how bad uk life has got in a very short period (5 years). i came back to enjoy a modern developed country and find us fast retruning to the shit old days of 1907, where a person had no rights and not many options other than to live in a private craphole and work in a mill 60 hours a week just to mainly cover teh grabing landlords rent.

the more i post the more i want to leave the uk.

id cards will really do it for me.

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Then Gordon Brown waggled his jowls and we all felt better when he told Mervin to cut rates.

Then they cut rates and wondered why they didn't think of that in the first place. Pretty soon they can just make rates negative and cut out the middle men. Instead of buying houses, all the poor people can just go down to the bank and borrow huge multiples of their non-wages and pay negative interest for the privilege.

Economics is easy.

Now THAT is funny.

:lol:

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I suppose that now it's safe to say that it's too late to get out of the market. The media always report the news when there's no chance of them reverting against them.

:lol:

With the notable exception of the DAILY MAIL & EXPRESS who seem to flip between the "HOUSE PRICES SOARING" / "PROPERTY CRASH IMMINENT" stance every other week. <_<

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....the only reason so many are renting is because they cannot afford to buy at the prices inflated by the BTlers.....to eradicate the HPI created by BTL the tax exemptions they enjoy over FTBs should be withdrawn to create a level playing field ... :ph34r::ph34r::ph34r:

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so when BTL dudes start selling up, rents will go up...

ouch!

...thereby increasing supply, thereby lowering prices. Double ouch. ;)

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