Tuesday, October 13, 2009

More bear food from MSN, good on ’em

Are first time buyers heading for a fall

MSN point out that first time buyer buying now might well be wasting their hard earned deposits. Or more likely, blowing the equity their stupid parents have released from their proerty to keep the pyramid selling scheme alive.

Posted by thecountofnowhere @ 10:40 AM (1070 views)
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4 thoughts on “More bear food from MSN, good on ’em

  • greenshootsandleaves says:

    Thanks for that, your grace, thecountofnowhere. Does not contain any astounding revelations, but shows that journalists/analysts can be even-handed when writing about property. Come to think of it, that’s pretty astounding, these days!

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  • “Continuing increases in unemployment and low earnings growth are likely to constrain the rise in demand”, said Halifax’s chief economist Martin Ellis.

    Who writes this stuff? Why can’t we have FALLING demand? Why has it always got to be SLOWER RISING demand??? Just more VI spin. Hopefully between now and the election more of the general sheep will realise this.

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  • I have the comparison I hear from people that its cheaper to rent than have a mortgage, they are 2 seperate things. I could get a low repayment option over a longer term and it would be cheaper monthly but in the long term I’ll be paying a lot more…

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  • greenshootsandleaves says:

    happyrenting @2,

    To be fair to Mr Louth, he’s quoting the squire ellis.

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