Wednesday, January 2, 2008

This is what the sheeple need to read

The game is up for the housing hype-peddlers

A good summary, in simple laymans terms, explaining the basics of how the housing market managed to be in such a position

Posted by lem @ 02:49 PM (698 views)
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6 thoughts on “This is what the sheeple need to read

  • “Irrespective of where they work and who they represent, one thing binds them all together and it is this: they have been putting property before people for the last few years and in doing so, have condemned many thousands of Irish house buyers to 30-year mortgages for assets that are worth considerably less than what they paid for them.”

    in a couple of months we will read that in the uk press as well

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  • Loved the 1st comment after the article :O)

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  • it_is_going_with_a_bang says:

    “paid agents of the hype-machine ”

    AKA the Daily Express.

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  • on the brink says:

    And the hype (about London particularly) is still going on…why would “foreign investors” still wish to invest in London given the falling pound, falling property market, and coming recession….not to mention Crash Gordon’s annual 30k tax on non doms….

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  • “They are compromised cheerleaders masquerading as objective commentators and their job is to dress up a money making racket with the trimming of economic science.”

    Well observed.

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  • Excellent find, Lem.

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