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FSA succumb to industy pressure on mortgage restrictions
Turnbull2000
Posts: 1,807 Forumite
http://www.thisismoney.co.uk/mortgages-and-homes/article.html?in_article_id=518584
Not surprising in the least. The bearish amongst us need to understand that those with influence have a direct interest in maintaining land and property values, regardless of the consequences to long term social and economic well being. Whether a mortgagee or renter, you all exist to be milked of any gains in productivity for the benefit of the land owning class. Either minimise the impact of this exploitation by buying, or emigrate. House price crash hopefuls are on a hiding to nothing. Your choice.
Not surprising in the least. The bearish amongst us need to understand that those with influence have a direct interest in maintaining land and property values, regardless of the consequences to long term social and economic well being. Whether a mortgagee or renter, you all exist to be milked of any gains in productivity for the benefit of the land owning class. Either minimise the impact of this exploitation by buying, or emigrate. House price crash hopefuls are on a hiding to nothing. Your choice.
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 ForumTeam
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This one seems to have got people excited today.
Thanks for that little bit of wisdom.Either minimise the impact of this exploitation by buying, or emigrate. Your choice
Bit like saying to the starving in Africa....minimise the impact of your starvation by going on a buying some food....yer, genius.0 -
Graham_Devon wrote: »This one seems to have got people excited today.
Thanks for that little bit of wisdom.
Bit like saying to the starving in Africa....minimise the impact of your starvation by going on a buying some food....yer, genius.
Erm, you generally don't starve by choice.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 -
Turnbull2000 wrote: »Erm, you generally don't starve by choice.
You generally don't not buy by choice, either.
It's usually because you simply cannot afford it.0 -
Graham_Devon wrote: »You generally don't not buy by choice, either.
It's usually because you simply cannot afford it.
That's why I said that if you want to minimise the effects of UK policy, you have two choices - buy or emigrate. If you do neither and rent, then you're likely to suffer the most as rents continue to rise and weak tenancy laws leave you vulnerable.
Ultimately we all lose (I hate HPI, vested interests etc). But my point is that to what extent you lose is under your control.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 -
The only surprising thing about this, is that anyone could actually be surprised.“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”0 -
I thought 'they' were doing away with the FSA, anyway? Why is it still operating after its total failure before the economic crash?0
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I thought that lenders were setting their own strict lending criteria anyway.0
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I would really like to know. Do any of the bears really believe there will be a big house price crash now?;)We love Sarah O Grady0
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I'm not a bear but I do think house prices will fall. Confusing hey?
But do you think there will be a big fall (I suppose it's what you call a big fall). I can see prices falling a few percent in nominal tern and therefore more in real terms. As for whether I!!!8217;m a bear or bull all I can say is the only thing that surprises me about the property market is how bears and bulls can be so confident in there predictions.0
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