Game over for the bears???

Dan:_4

Following today's news of Stamp Duty cuts, Government deposits and mortgage debt bailouts is it game over for all the bears who were looking forward to a significant house price crash?

Sir_Humphrey

:rotfl: :rotfl: :rotfl:

Don't feed the troll.

baby_boomer

No.

People will initially think that it really must be bad if the government feels it has to get so involved.

And when the limited sums of money involved are revealed, people will rightly conclude that the government is !!!!ing into a gale.

SingleSue

Wouldn't have thought so, the measures are mere sticking plasters without dealing with the blooming great gash underneath.

Personally, I think we may see a small slowdown of the 'crash' or even a slight recovery before crashing down faster than before.

*I do not own a house and I have no wish to own one, no matter how far they come down!

dopester

Dan: wrote: »

Following today's news of Stamp Duty cuts, Government deposits and mortgage debt bailouts is it game over for all the bears who were looking forward to a significant house price crash?

Sure Dan.

All these measures are hopeless. I can hear the sound of a barrel bottom being scraped.

The Government is making it worse by distorting the market even further. It only makes it worse.

Nothing can stop the crash. Nothing.

mr_magoo_5

Ha! ha!
best thing about this smoke and mirrors act, is even before the ink is dry its being dissed by everyone!

...................well nearly everyone,so down we go!

sympatex

FEED THE TROLL!!!! the money for local communities can bail out appx 6,000 struggling homes owners, repo's up 18000 this quarter (or year?), better get started on those! FEED THE TROLL!!!

lethal0r

I think (& hope!) the scheme will have minimal effect on the market.

johnycoldears

Your full name wouldn't be "Desperate Dan" would it ?

baby_boomer

mr_magoo wrote: »

best thing about this smoke and mirrors act, is even before the ink is dry its being dissed by everyone!!

By flagging up the "relaunch" for the last few weeks, all the dissing had been prepared well in advance of the ink on any proposals.

It'll be held up as a classic case for future political students of why governments can often do better when they don't spin in advance.

Which, ironically, was what Gordon promised us in the post-Bliar era :rolleyes:

LisbonLaura

The govt's generous measures will have the following effects

1) Make the prudent who took no part in the Ponzi scheme of the last seven years even angrier.
2) Give false hope to many.
3) For the few who grab the interest-free starter loan there will be more pain in five years when they have to start paying it back, & can't sell the house for what they paid, so can't wriggle out of payments they can't afford..
(......& even if they could sell the place, where would they go?)