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Reposessions likely to hit 15-year high.
Comments
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rosa_luxembourg wrote: »I don't know, did they? I've not been here very long.
It would seem that if they did revise down, it was because of unanticipated government policy in support of overextended mortgage-debtors. I don't think that there's very much scope for an extension of that support now, is there? Quite the reverse.
Why would support have been unanticipated, they only had to read these boards
anyway the figure of 48k 2009 and 53k 2010 are a lot lower than the previous recession.'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 -
rosa_luxembourg wrote: »Revisionism.
I've never actually noticed a newspaper revising an article and its headline once its been published. Maybe they took notice of what Chucky and DunstonH said. I'm sure the Times subbies don't like being called 'stupid' by smart guys like them! It must smart!
Personally I have seen it a few times '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 -
$640,000 would buy you what an Aussie considers to be his birthright (1/4 acre with a house on it) in a pretty mediocre part of Sydney.
Ah, failed to realise that if the mortgage is 80% and $640,000 house = $800,000 minimum. That gets you a small house in a decent suburb, a large house in an ok suburb or a McMansion on a huge plot in the Western Suburbs. Hell, it'll probably buy you most of Mt Druitt or Rooty Hill*.
*2 particular hell holes in Sydney, in some ways worse than Stoke Newington or Bradford.0 -
i was actually calling the people that post and believe these articles as stupidrosa_luxembourg wrote: »I've never actually noticed a newspaper revising an article and its headline once its been published. Maybe they took notice of what Chucky and DunstonH said. I'm sure the Times subbies don't like being called 'stupid' by smart guys like them! It must smart!
it's not about being smart it's about looking at the fundamentals and facts behind the story...0 -
i was actually calling the people that post and believe these articles as stupid
it's not about being smart it's about looking at the fundamentals and facts behind the story...
Right, so you're calling me stupid. Isn't that against forum rules?
Here they are:
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I suggest you pay attention to the rules, or I'll get Martin on to you. I've come here for a discussion, an argument even. I have not come here for abuse. There's a difference, and you're over the line, Chucky. Consider yourself warned.Die, die sich nicht bewegen, beachten nicht ihre Ketten.0 -
do you prefer dogs or cats Miss Rosa?rosa_luxembourg wrote: »I suggest you pay attention to the rules, or I'll get Martin on to you. I've come here for a discussion, an argument even. I have not come here for abuse. There's a difference, and you're over the line, Chucky. Consider yourself warned.0 -
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so which is it Miss Rosa?rosa_luxembourg wrote: »Care to stay on topic, Chucky?
repossessions are much less than the last recession?
or
repossessions are better than was expected or predicted?0 -
Do either of you think that the increasing personal insolvencies (and especially moves by creditors to initiate bankruptcy) is going to increase repossessions?It's getting harder & harder to keep the government in the manner to which they have become accustomed.0
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probably if they are homeowners... how many will be homeowners?lemonjelly wrote: »Do either of you think that the increasing personal insolvencies (and especially moves by creditors to initiate bankruptcy) is going to increase repossessions?
but... so that we have some perspective with reference to repossessions so we have something to compare to...
it's a yes or no answer btwrepossessions are much less than the last recession?
or
repossessions are better than was expected or predicted? 0
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