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Debate House Prices
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August Mortgage Lending drops 13%
Comments
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Oh dear, oh dear, oh dear. 0.5% base rates and interest declining. Oh dear, oh lord, oh dear.
Don't despair bulls - keep on pumping.0 -
Anyone else starting to cringe whenever geoff posts?
Obviously not the ones who thank him
'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 -
IveSeenTheLight wrote: »But they will when rates rise.
We'll see a compounded requirement for re-mortgaging.
How will that affect skap's indicator?
You mean in anticipation of a rise, around 2011.'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 -
lots of peeps to lose their homes between now and then....0
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So it was down 36% on last year last month 37% on last year this month.
Looks like the 13% is a seasonal drop on the above facts.0 -
This is over 60% down from aug 2007.....tell me these figures are not bad ......because they are bad...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 -
I can 'borrow' at .5%. Strictly speaking, not borrowing of course, but using cash to purchase stuff. It only 'costs' .5%.i'm starting to see the ignorance being spouted by the the negative people' that think you can borrow at 0.5% :rolleyes:
I realise you lot with your huge debts are paying variable amounts of high interest but there are people with cash you know - real hard lovely cash.0 -
Anyone else starting to cringe whenever geoff posts?
Joe.. the king of the one liner..:TIt 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
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