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Debate House Prices
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Mortgage approvals plunge !!!
Comments
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moanymoany wrote: »It would be refreshing to have the government take over the news and tell us how the world situation is affecting our lives, what is happening in the banking system and with mortgages. More importantly tell us what they intend to do to ease the effect on the population.
It reminds me of a story I read about the beginning of the war. German U boats were decimating the merchant fleet and with it much needed supplies. There was so much defeatist talk amongst the population that Winston Churchill decided to publish the real losses in the newspapers.
His cabinet were appalled. WC's reply was to tell them that the figures are so bad people will believe them, and they would not be as bad as the population were imagining. It worked.
Maybe there is a lesson there for Gordon to learn!
And you don't think the bbc is not the mouthpiece of the gov? :rotfl::beer:It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
How do you draw the conclusion that lower mortgage approvals => crash? Its not good obviously if you are an estate agent or mortgage broker but mortgage approvals are down because of a lack of credit, not because people aren't willing to pay - they can't, end of story.
How naive.......and some one on 18k a year can afford a house? no they run out of players for the biggest pyramid selling scam the world has ever seen and alot of it was done via mortgage fraud...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
moanymoany wrote: »It would be refreshing to have the government take over the news and tell us how the world situation is affecting our lives, what is happening in the banking system and with mortgages. More importantly tell us what they intend to do to ease the effect on the population.
It reminds me of a story I read about the beginning of the war. German U boats were decimating the merchant fleet and with it much needed supplies. There was so much defeatist talk amongst the population that Winston Churchill decided to publish the real losses in the newspapers.
His cabinet were appalled. WC's reply was to tell them that the figures are so bad people will believe them, and they would not be as bad as the population were imagining. It worked.
Maybe there is a lesson there for Gordon to learn!
The only lesson that numptie need learn is to quit punishing the motorist! It's most likely the motorist that is bailing out NR and the like!
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Indeed so, If only people knew quite how much the news that makes its way to TV screens is Manipulated they would be shocked...The establishment control a lot more than you might ever imagine..Particularly in the U.SAnd you don't think the bbc is not the mouthpiece of the gov? :rotfl::beer:0
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