Sunday, August 30, 2009

Truthful article about reasons behind HPI

Prices might be going up, but the new homes aren't

"Housing affordability is getting worse, not better," said a senior government adviser. "The reason is the requirement for a deposit. The expensive thing is not the house, but saving for a deposit." ..........no, ofcourse, silly us, all the time it was the cost of borrowing the money to buy the (in)-expensive houses, not the cost of the houses that caused everyone to borrow hugely. Brilliant politician double speak.

Posted by bystander @ 07:37 PM (961 views)
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2 thoughts on “Truthful article about reasons behind HPI

  • ‘Housing affordability is getting worse, not better,” said a senior government adviser. “The reason is the requirement for a deposit. The expensive thing is not the house, but saving for a deposit.” ‘

    The cretins are crawling back out the woodwork.

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  • “clinging to the hope that the engine of the British economy – a roaring housing market – may be spluttering back to life.”

    A roaring housing market is the ‘engine’of the British economy? Time for me to leave this country I think…This kind of thinking is unsustainable madness.

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