Friday, November 6, 2009

How much longer can house prices defy gravity

Personal insolvency rises by 28%

A record number of people were declared insolvent in England and Wales in the third quarter of 2009, according to figures from the Insolvency Service. There were 35,242 personal insolvencies, up 28% from the same period last year and an increase of 6.6% on the previous three months. This extended the record number recorded earlier this year................businesses going bust in the third quarter of the year was still 14.6% higher than the same period a year ago.

Posted by jack c @ 09:56 AM (946 views)
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5 thoughts on “How much longer can house prices defy gravity

  • mark wadsworth says:

    Jack! The govt has to “… help hard working and prudent home-owners from the spectre of eviction! We can’t make people homeless because of the burden on social housing!” (from page 73 of the Home-Owner-Ist Manifesto).

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  • that darn home page graph. looks like a v shape to me

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  • brickormortis says:

    Perfect backdrop for house price rises in topsy-turvy land!

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  • Jack c said, “How much longer can house prices defy gravity”
    – Longer than you can stay solvent ( As per Keynes )

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  • why not declare yourself bankrupt ???? this country has a habit of rewarding failures who have overstretched their budgets with 4 bed detached houses , new cars, holidays abroad ect: nobody seems accountable for their own actions anymore are we supposed to feel sorry for them ? well i dont , nobody forced these people to take out loans they could ill afford to pay back. i know of 2 people who have declared themselves bankrupt and yes they still have their big houses and their new cars

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