Tuesday, May 29, 2007

This looks baaad!

Mortgage slowdown triggers house price fears

It is going to be a landslide... a carnage... Fionnuala said: “In our view, the talk of rates climbing to 6 per cent are overblown and if implemented in the current climate, could be damaging to housing market stability" what s she talking about??... where is the demand, the short supply, the divorces, our tiny overcrowded island... awash with Russian money.... Fionnuala, the market is as solid as a brick, what do you worry about?

Posted by confused76 @ 11:41 PM (803 views)
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7 thoughts on “This looks baaad!

  • Meltdown begins, with everybody blaming everybody, looking for scapegoats, Prescott, the Taxman, the builders… but why… the only to be blamed are these gullible id***s who leveraged themselves to their eyes to buy, buy, buy to leeet leeet leeet… sounds like a herd of sheep, doesn t it? and now crash in peace and say good bye to your pensions

    Buy-to-let them off the hook
    http://blogs.guardian.co.uk/news/archives/2007/05/29/buytolet_them_off_the_hook.html#more

    For sale: too many flats, not enough houses
    http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2007/05/29/nhouses29.xml

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  • A few more useful links

    http://money.guardian.co.uk/hips/story/0,,2090452,00.html
    “It is still not clear what the government intends to do over Hips, and as a result many are thinking it is better to simply sell their property now and avoid any potential future hassle.” The rise in supply has come primarily in London and the south-east as vendors take advantage of strong market conditions to sell.

    SLAVES IN BRITAIN!!!!!!
    Nation of young mortgage slaves among struggling first-time buyers
    http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=458487&in_page_id=1770&ct=5

    Buy-to-let owners face £4.1bn tax clampdown
    http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=458342&in_page_id=1770

    Demand for mortgages falls as interest rate rises begin to bite
    http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=458386&in_page_id=1770

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  • British “flocked” to Florida to be fleeced …

    House prices crashing in Florida catches out many Brits
    http://firstrung.co.uk/articles.asp?pageid=NEWS&articlekey=5321&cat=44-0-0
    The market had been rising since 2003 and speculators, tempted by glossy advertising, rushed to buy as prices soared 25 per cent a year. Florida property consultant Jack McCabe said:
    “Out of staters and foreigners, especially the British, flocked here and pushed the market to the point where about 70 per cent of all sales were to investors who never intended to live in what they were buying.”

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  • British “flocked” to Florida to be fleeced …

    House prices crashing in Florida catches out many Brits
    http://firstrung.co.uk/articles.asp?pageid=NEWS&articlekey=5321&cat=44-0-0
    The market had been rising since 2003 and speculators, tempted by glossy advertising, rushed to buy as prices soared 25 per cent a year. Florida property consultant Jack McCabe said:
    “Out of staters and foreigners, especially the British, flocked here and pushed the market to the point where about 70 per cent of all sales were to investors who never intended to live in what they were buying.”

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  • Fionnuala said: “In our view, the talk of rates climbing to 6 per cent are overblown and if implemented in the current climate, could be damaging to housing market stability” blah blah..”precipitate price falls”

    My god Fifi – price falls!?!?! can you imagine something so unprecedented and dreadful? Presumably she thinks a “stable” housing market is one which goes up by 10% each year and then slows to an annual 5% increase?

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  • Looks like Kirstie & Phil better start getting their bags packed, those two are going to have a price on their head. I wonder if they ever read this website If they do I bet the old Sphincters starting to twitch.

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  • How dreadful, prices for normal houses(yes – these are places where people live and bring up families) might go down. How dare the normal people with their children even contemplate buying normal houses. Houses are part of investment portfolios and are not for normal people to build their lives in. It’s absolutely outrageous I shall be writing to my MP about the possibility of the housing market being derailed.

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