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yellerkat

They Mustn't Mortgage Fairness To Buy Votes

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She's a sweetie - she always gets it right!

Underwriting loans to kickstart the housing market is a quick fix that poorer taxpayers will never forgive

To give a false boost to the housing market by agreeing to underwrite mortgage lending would be immoral, dishonest and unfair. It may be catastrophic for the Government's popularity, but the fall in house prices is seen by many taxpayers as a proper and overdue correction. For first-time buyers, it is an absolutely good thing.

Read it all! Read it now! :lol:

ED: Keyboard this time...

Edited by yellerKat

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they have to choose. them and banking,

or us and the high street (jobs).

id expect many many decent people to leave the uk for the eurozone if they pressed on with this and caused taxes to rise and savings to deflate.

what with the weather and the crime and the hoodies. the too fast too furious boy racers. the alcoholics. the desolate town centres and the lack of culture in the regionals. the snooping....

if you wipe out sterling savings they will have no choice but to stay. if you make them rich by making a modest house saleable for £500k then they will leave.

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they have to choose. them and banking,

or us and the high street (jobs).

id expect many many decent people to leave the uk for the eurozone if they pressed on with this and caused taxes to rise and savings to deflate.

what with the weather and the crime and the hoodies. the too fast too furious boy racers. the alcoholics. the desolate town centres and the lack of culture in the regionals. the snooping....

The plans to prevent homeowners from converting front gardens in to parking spaces. And making the process subject to planning permission, subject to paying a fat application fee. :ph34r:

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I like this bit :

It doesn't seem to me that Sir James is all that keen on the idea of a temporary government guarantee; he is careful to emphasise the need to consider the “fiscal, debt management and legal implications, and the extent to which a transfer of risk to the Government might distort incentives and create moral hazard, rather than help investors and issuers price that risk more accurately”.

But to be fair he also say's (not in this article) that the best course of action maybe is to do nothing!

I think this will be his recommendation in his next report.

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they have to choose. them and banking,

or us and the high street (jobs).

id expect many many decent people to leave the uk for the eurozone if they pressed on with this and caused taxes to rise and savings to deflate.

what with the weather and the crime and the hoodies. the too fast too furious boy racers. the alcoholics. the desolate town centres and the lack of culture in the regionals. the snooping....

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if you wipe out sterling savings they will have no choice but to stay. if you make them rich by making a modest house saleable for £500k then they will leave.

I understand your logic here, but it's never been applied for the last ten years, with the departure of millions of hard working fed up disalousioned Brits.

beside's Gordon will be blamed after he is deposed

Edited by tuggybear

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if you wipe out sterling savings they will have no choice but to stay. if you make them rich by making a modest house saleable for £500k then they will leave.

if they are pissed off enough, they will go. they will go in their thousands. like the irish and the scottish did,.

people come here with much less than a couple of suitcases. they will leave with just the same.

its not just the price of housing - that just tops the trifle. the untrust of saving. a pension future ?

its becoming everything else. you can barely go out at the weekends. fines and taxed cctv all over the place.

6 years for an insurance fraudster and 6 months for a violent attack.

the cctv isnt paying its way in justice.

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She's a sweetie - she always gets it right!

She got the main thrust right but she is still stupid when it comes to price declines:

There is a stalemate between buyers and sellers; hence only a slight decline in real prices (just 1 per cent down from May to June, giving an annual rate of increase - yes, increase - of 0.1 per cent) compared to the hysterical daily predictions in the newspapers.

Nice, one. Yeah, a lagging indicator is indeed "contrary" to the "hysterical" FACTS reported from the more contemporaneous indices.

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She got the main thrust right but she is still stupid when it comes to price declines:

Nice, one. Yeah, a lagging indicator is indeed "contrary" to the "hysterical" FACTS reported from the more contemporaneous indices.

All the indices by the lenders are based on asking prices, and agreed prices, not final prices.

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...disalousioned...

Is that some kind of phonetic spelling for an east Midlands accent similar to the the way Irvine Welsh phonetically spells Scottish accents in his books? :blink:

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  • 401 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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