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Debate House Prices
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Property has risen 6 months in a row & is set to rise by 7% next year!!!
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Excuse my ignorance, but why are higher prices a good thing?"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
And what are YOU an expert in, Purch?
!!!! All !!!!
But I do talk about stuff alot :rolleyes:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
General Election 2010.0
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Re General Election:
Many other countries have announced massive public spending cuts. Greece came out this week. In Ireland, all public sector workers have had significant pay cuts (the prime minister took a 30% cut to lead the way; most other jobs have lost around 12% - can you imagine the union response here?). The ONLY reason the pre-budget report didn't really cut spending was the impending election.
I'm expecting an emergency budget from whichever party gets in, very shortly after the election, where Government spending is slashed. It's the only possible way to get the public debt down, even with tax rises at the same time. Ask anyone on the DFW board how they reduce their debt; earn more and/or heavily reduce spending to increase repayments.
If Labour get in again and bottle it when it comes to cutting spending, they'll be screwing us over even more than they've managed to do already.
The upshot is a seriously painful period has to come at some point and when it does, it'll stall the recovery in house prices.0 -
Pickled, you are aware that the only reason why the market picked up this year was due to heavy intervention by the BOE and Government schemes?
Hope you don't lose too much value on your house next year, but then again - you'd need to sell it to actually have profit wouldn't you...0
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