Wednesday, August 24, 2011

HPC cancelled

Good news about hard-pressed homebuyers and house prices – from the bailiffs

Bailiffs say that thousands of British families are finally beginning to dig their way out of the debt crisis. The number of homebuyers in mortgage arrears who are repaying some of their debts is 43pc higher than it was two years ago. This suggests that the housing market will avoid repeating the 1990s crash. Adrian Coles, director general of the Building Societies Association, predicted a year ago that the 1990s housing slump would not be repeated. Plenty of people who dream of snapping up bargains after a house price crash [courteous link to HPC] accused him of wishful thinking at that time but events since then suggest they were the ones doing the wishing while he did the thinking. It is fair enough for those in rented accommodation to hope house prices will fall, but..... [read more]

Posted by drewster @ 06:08 PM (4147 views)
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4 thoughts on “HPC cancelled

  • Hats off to the Bank of England for keeping people in houses they can’t afford.

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  • Hats also off to the BOE for stopping people from buying houses that they should be able to afford and let’s not forget a warm hand to show

    our appreciation for some remarkably consistant, ultra creative, poetic letter writing. MERVYN, WE SALUTE YOU!

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  • Look, do you really want to see people on the streets? Seriously the prices are stable now and not going up so over a couple of years they will become affordable due to wage increases.

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  • …………………and ensuring those priced out, can never afford their own home and working as debt slaves forever.

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