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Autumn will be the time when price will fall long way
Comments
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Graham_Devon wrote: »People are loosing their houses NOW.
People are suffering NOW, we have more people in 3 months arrears than we have since the 70's.
!
Don't know about that, but do know that CML are looking to revise their repossesions forecasts for 2009 downwards.
However, the CML said that while repossessions were rising, earlier predictions that 75,000 properties would be repossessed during the year as a whole now appear pessimistic.
As such, the council said it would be revising this figure downwards in its next housing market forecast update.
http://www.ftadviser.com/FTAdviser/Mortgages/Lenders/News/article/20090515/45ae5a2a-412f-11de-98d0-0015171400aa/CML-to-revise-repossession-forecast-downwards.jsp'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
So just really really bad, as opposed to astonishingly bad then?
Phew, panic over.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Don't know about that, but do know that CML are looking to revise their repossesions forecasts for 2009 downwards.
However, the CML said that while repossessions were rising, earlier predictions that 75,000 properties would be repossessed during the year as a whole now appear pessimistic.
As such, the council said it would be revising this figure downwards in its next housing market forecast update.
http://www.ftadviser.com/FTAdviser/Mortgages/Lenders/News/article/20090515/45ae5a2a-412f-11de-98d0-0015171400aa/CML-to-revise-repossession-forecast-downwards.jsp
You may have just unloaded one in your foot here.
Why would the CML downgrade it's forecast?
Because of the interest rates maybe?
Think about it. Even with the lowest rates on record, reposessions are still rising. Just not as much as first projected, which kinda figures!
You haven't disagreed with anything I have said. You have basically just said some figures were not as bad as they could have been. I should think so too with 0.5% rates.0 -
Graham_Devon wrote: »People are loosing their houses NOW.
We have had the emergency mortgage rescue plans come in.
Reposessions are going up, bankrupcies are going up.
What's all this talk about how everyone will be able to afford things in the future, most people are on trackers and all that other nonsense.
People are suffering NOW, we have more people in 3 months arrears than we have since the 70's.
So the common theme you mention...these people are looking at what is happening now and are not sitting under the illusion umbrella thinking that actually, it will all get better and people will be able to afford more, when they have to pay out more and everything goes up.
I look at some posts in shear amazement, as the blinkers people have on must be huge!
You need to calm down,a common theme note with posts you disagree with.
No blinkers here just seeing it for what it is in my area,it aint that grim up North.Official MR B fan club,dont go............................0 -
Max_Headroom wrote: »So just really really bad, as opposed to astonishingly bad then?
Phew, panic over.
Yep, we are in a recession, a really really bad thing to go through
Fortunately the authorities have dropped interest rates, much to the chagrin of many on here. 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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Yep, we are in a recession, a really really bad thing to go through Fortunately the authorities have dropped interest rates, much to the chagrin of many on here.
Indeed they have. However I think the billion dollar question is, how long and how low will they remain?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Graham_Devon wrote: »So no disagreements either, just your personal point of view, not fact, and an insult as I must have got to you
Depends whether what you posted is viewed as fact.
As for the insult?if the cap fitsOfficial MR B fan club,dont go............................0 -
Depends whether what you posted is viewed as fact.
As for the insult?if the cap fits
Hey, I like insults.
It's a good measure of how bad the argument has been lost.
The lack of any discussing the points put forward and a simple insult in response, simply says to me, it annoyed you and you had nothing to say
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Graham_Devon wrote: »Hey, I like insults.
It's a good measure of how bad the argument has been lost.
The lack of any discussing the points put forward and a simple insult in response, simply says to me, it annoyed you and you had nothing to say
You will like this one then Dev *** ******* *******
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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