Monday, April 11, 2011

An HPC axiom from Henry Pryor

Send £5 to the person at the top of the list

The housing market today looks like one giant Ponzi scheme to me with buyers still being encouraged that prices are a one way bet. If you give the average 1st time buyer an extra £5k via one of the latest crazy ‘Councils-to-help-1st-time-buyer’ schemes all they will do is give it to a developer or home owner with an over-priced house. This may be good news for estate agents and sellers but the problem isn’t that buyers can’t borrow enough money, it’s that houses are too expensive.

Posted by dill @ 06:03 PM (1238 views)
Please complete the required fields.



One thought on “An HPC axiom from Henry Pryor

  • This also sounds rather like QE, by the BoE and the Fed, for government debt, and where all the other hot money is sloshing e.g. commodities; thus higher prices for fuel, food, and other goods, with only the financial ‘industry’ benefiting, but with everyone else not in commodities suffering!

    To put it more bluntly, government is a Ponzi scheme, in all aspects; it’s about time this was faced, and something done about it.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>