Debate House Prices


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UK home repossessions up in Q3, arrears down-CML

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Comments

  • StevieJ
    StevieJ Forumite Posts: 20,172
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    Thrugelmir wrote: »
    A combination of low interest rates and interest only mortgages is supporting these mortgage holders. Longer term interest rates will rise and the mortgage debt either has to be repaid or refinanced by a new borrower. So the problem has gone away merely defered into the future.

    You sound annoyed :confused:
    '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 Thatcher
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    MSE_Guy wrote: »
    This is the discussion thread for the following MSE News Story:

    "The number of people who lost their homes rose by only 3% during the third quarter of the year despite rising unemployment, figures showed today ..."


    If you only show the facts in that statement they read as

    number of people losing homes up by 3%.
    unemployment rising.

    It is hard to find real facts in stories and press releases. Removing the fluff and spin helps a bit.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Mr.Brown wrote: »
    If you only show the facts in that statement they read as

    number of people losing homes up by 3%.
    unemployment rising.

    It is hard to find real facts in stories and press releases. Removing the fluff and spin helps a bit.

    A new guy a new guy!
  • Thrugelmir
    Thrugelmir Forumite Posts: 89,546
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    StevieJ wrote: »
    You sound annoyed :confused:

    Not annoyed. :beer:

    Frustrated maybe. As we seem to be in a void politically at the moment due to the impending election. Whilst repossessions are low, the actual problems still need to be addressed on a case by case basis at a personal level. The cost of such will fall on every other mortgage holder as lenders recoup their costs.
  • nembot
    nembot Forumite Posts: 1,234 Forumite
    chucky wrote: »
    i wonder how all those HPCers must be feeling that their expectations of high repossessions and unemployment was going to make houses cheaper.

    looks like they got that prediction horribly worng too - it doesn't look it's going to happen anymore does it :confused:

    How so, have the next 3 years been cancelled?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Forumite Posts: 28,592
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    nembot wrote: »
    How so, have the next 3 years been cancelled?

    Only the crash part of them.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Forumite Posts: 28,592
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    Thrugelmir wrote: »
    The cost of such will fall on every other new mortgage holders as lenders recoup their costs.

    Fixed that for you.

    Those of us with existing mortgages on deals far better than can be obtained today are largely exempt from the current bout of lender greed.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • nembot
    nembot Forumite Posts: 1,234 Forumite
    HAMISH_MCTAVISH wrote: »
    Only the crash part of them.


    Have you got next Saturday's winning lottery numbers too please? :)
  • Graham_Devon
    Graham_Devon Forumite Posts: 58,560
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    HAMISH_MCTAVISH wrote: »
    Fixed that for you.

    Those of us with existing mortgages on deals far better than can be obtained today are largely exempt from the current bout of lender greed.

    Largely exempt from all the other problems that HPI caused too.
  • lemonjelly
    lemonjelly Forumite Posts: 8,014
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    Thrugelmir wrote: »
    Not annoyed. :beer:

    Frustrated maybe. As we seem to be in a void politically at the moment due to the impending election. Whilst repossessions are low, the actual problems still need to be addressed on a case by case basis at a personal level. The cost of such will fall on every other mortgage holder as lenders recoup their costs.

    Nail and head.

    We all need to wake up. What is happening isn't a solution, it is a deferrment of a problem.

    We're in danger of sleepwalking towards a disaster. The road ahead poses a great deal of risk, & for what is happening to be a recovery, we need a blooming huge amount of luck!
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
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