Home repossessions rise to 40,000

Graham_Devon

chucky wrote: »

Can you provide us the 2009 Repossession figures so we can do a like for like comparison then?

No - i didn't think so...

Desperate much?!

Come on now. I don't think your completely stupid, don't make me feel sorry for you though and treat you as a special case.

chucky

Graham_Devon wrote: »

Desperate much?!

Come on now. I don't think your completely stupid, don't make me feel sorry for you though and treat you as a special case.

how many posts do you have?
that's a lot of time on the t'internet... what does that tell you... :rolleyes:

give it a rest Graham - it's not the Moneysavers Arms

fatpig_2

Graham_Devon wrote: »

Come on now. I don't think your completely stupid, .

Don't be so sure about that

Graham_Devon

chucky wrote: »

how many posts do you have?
that's a lot of time on the t'internet... what does that tell you... :rolleyes:

give it a rest Graham - it's not the Moneysavers Arms

You only asked me the exact same think and told me I spend a long time on the internet yesterday.

I'm going to do you proud here, and draw some conclusions.

Yesterday you resorted to that same line when you were stuck, when I quesntioned you.

Today, you resort to the same line when you are stuck, when I question you.

Is it just me, or does a pattern appear to be starting here? As for the posts. Yer, quite a few. It's kind of what happens when you stick to one name insted of having to run off and create differing names to make yourself feel better and fit in.

fatpig_2

Graham_Devon wrote: »

It's kind of what happens when you stick to one name insted of having to run off and create differing names to make yourself feel better and fit in.

Are you referring to chucky, Dan and pickles - the 3 in a bed gang?

chucky

thanks Graham - I'll take all of that on board but I'm starting to think that you really are a blunt instrument...
but unfortunately your nonsense is endless

how can i be stuck when you can't grasp what people explain to you - i tried to explain to you yesterday and even here now but you simply cannot grasp it.

next time look up what Perspective means and maybe you'll understand what my post actually meant.
http://dictionary.reference.com/browse/perspective
"Subjective evaluation of relative significance; a point of view"

That's all it is, nothing else - it provides additional information to paint a picture. If you don't like it, don't read it - simple.

As for other user names - i can say everything I need to say on this one... please don't make assumptions you'll make yourself ill.

i'm sure the usual crowd will apear on this thread

fatpig_2

chucky wrote: »

t

i'm sure the usual crowd will apear on this thread

Who? Dan and pickles?

mrposhman

Now I don't agree with either Chucky or graham but all the figures have already been stated.

The CML have stated that next year there are forecast to be 75000 repossessions which is a big year on year rise but nowhere near as high as some seem to suggest, mainly down to lower interest rates.

That could potentially be the worse year, house prices have been falling since summer 2007 and many of the forecasts for the end of the recession may be the start of 2010. Obviously another 1m unemployed may affect this massively, but as it stands its probably below what most are assuming will happen.

Cat695

mrposhman wrote: »

Now I don't agree with either Chucky or graham but all the figures have already been stated.

The CML have stated that next year there are forecast to be 75000 repossessions which is a big year on year rise but nowhere near as high as some seem to suggest, mainly down to lower interest rates.

That could potentially be the worse year, house prices have been falling since summer 2007 and many of the forecasts for the end of the recession may be the start of 2010. Obviously another 1m unemployed may affect this massively, but as it stands its probably below what most are assuming will happen.

You mean this year....your missing that in the last Q of 2008 28000 repos happened.....to me that is quite an important number because its so large in a short space of time.

Only time will tell

chucky

Cat695 wrote: »

You mean this year....your missing that in the last Q of 2008 28000 repos happened.....to me that is quite an important number because its so large in a short space of time.

Only time will tell

just to be clear and add more information so that people can make their own view on the repossession numbers

http://www.cml.org.uk/cml/media/press/2108

• 5,000 fewer repossessions than forecast in 2008
• 40,000 repossessions in the year - 1 in 290 mortgages
• 10,400 repossessions in the fourth quarter - 1 in 1,100 mortgages
• 1 in 64 mortgages in arrears of 2.5% or more
• 1 in 53 mortgages in arrears of three months or more (inflated by lower interest rates)
• 75,000 repossessions forecast for 2009 remains unchanged.

comparing the amounts in the last recession is a good way to look at the context of these repossessions but has no bearing when people try to complicate these numbers by mentioning 1st and 2nd years of recessions.

Economic issues in 1990 were very different to they are now; ERM, high interest rates etc... so comparing 1st and the 2nd year of the recession is pointless. the only thing comparable between the two is that unemployment will be the driver.

as Cat says what ever number is reported it's too many and that is the most important and only time will tell