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Ft Takes Stance On ' Looking Out ' For Ftbs

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The more the myth that FTBs are suffering from HPC is debunked the better. Some might complain they can't get finance to buy a place, but in many ways the mortgage lenders are doing them a favour and protecting them from negative equity.

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The more the myth that FTBs are suffering from HPC is debunked the better. Some might complain they can't get finance to buy a place, but in many ways the mortgage lenders are doing them a favour and protecting them from negative equity.

Absolutely. I think its strange that so many on here are keen on using the derogatory term "sheeple". Everyone I speak to thinks falling house prices are a good idea, if not for themsleves then for their children. IMNSHO its just a vocal minority of selfish b.astards, out-of-touch politicians and greedy thieving banksters who think otherwise.

Edited by sossij

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Guest An Bearin Bui
Absolutely. I think its strange that so many on here are keen on using the derogatory term "sheeple". Everyone I speak to thinks falling house prices are a good idea, if not for themsleves then for their children. IMNSHO its just a vocal minority of selfish b.astards, out-of-touch politicians and greedy thieving banksters who think otherwise.

Vocal minority is the word: most of the media is constantly pushing this idea that falling house prices is a catastrophe and something the government needs to fix. Recently, I've seen quite a few instances of the media pushing the line that the credit crunch is a disaster requiring government intervention and each time, the response from the public surprises them. First was this recent article in the Independent heralding a wonderful rescue for the market. 90% of the public comments underneath the article are in disagreement and call for no intervention, saying prices should be allowed to fall. The second was a You and Yours credit crunch edition on Radio 4 on Tuesday that was supposed to be focusing on the suffering public but instead the presenters were surprised to find most people ringing in to say that they hoped this credit crunch would return people to their senses, get them saving and be a return to a less materialistic society.

People are fed up with the last 5 years of crass materialism and cheap debt and deep down they knew it had to end sometime - as usual the govt aren't listening to their constituents but just their spin doctors and media advisors. The FT has been one of the few media sources to actually tell it like it is and oppose any government intervention from day one.

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  • 396 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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