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eric pebble

Until The End Of Last Year Loans Freely Available To Every Fraudster

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That Merryn girl again in Moneyweek --- Jeez - she's such a star. She tells it as it is - & doesn't mince her words. Give her a damehood.

"Anecdotal evidence suggests that even in London offers - when they come - are 15%-20% below asking prices.

It turns out prices of houses have been based not on the limited supply of housing at all, but on the excess supply of capital.

Until the end of last year home loans were freely available to every fraudster, low-income earner and desperate first-time buyer, regardless of their ability or willingness to make the payments on their mortgage."

Absolutely BANG ON the nail.... EXCELLENT stuff --- http://www.moneyweek.com/file/43161/2008-w...ver-lining.html

Edited by eric pebble

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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