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Debate House Prices
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Sky News now interest rates and housing.
HAMISH_MCTAVISH
Posts: 28,592 Forumite
As per thread title
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Look at all the vested interests in that panelI am not a financial expert, and the post above is merely my opinion.:j0
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Beeny -- Return of 90% mortgage, good thing for first time buyers.
Economist Danny Gabay -- The markets have priced in interest rate rises, but it's a very dangerous game to play. Not the time for rises with such a weak economy.
Presenter -- affordability at record lows....
Nothing new or interesting.“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 -
Look at all the vested interests in that panel
Worse, look at how incredibly dumbed down that conversation was.
It almost had me shouting at the telly.“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 want rates to go up, people to get repossed, and house prices to crash. Call me selfish if you like but I couldnt give a !!!!.
They had they day in the sun with their nice house they couldnt afford, a crash is required.
Doubt it will happen, but at least we are getting a slow slide in house prices even before the cuts take effect or interest rates rise.
A double whammy of IR rises and the cuts starting from april should see some tasty falls in house prices late this year. Cant wait.I am not a financial expert, and the post above is merely my opinion.:j0 -
I want rates to go up, people to get repossed, and house prices to crash. Call me selfish if you like but I couldnt give a !!!!.
No I'm delighted that you're so honest about your celebration of recession, unemployment, repossessions, etc, so that you can get a cheaper house.
Makes a refreshing change around here, most bears try to lie about it.
Keep up the good work.“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 -
HAMISH_MCTAVISH wrote: »No I'm delighted that you're so honest about your celebration of recession, unemployment, repossessions, etc, so that you can get a cheaper house.
Makes a refreshing change around here, most bears try to lie about it.
Keep up the good work.
But it was the attitude of people like you who made this a necessity.
People have been pushed too far by this articifial housing boom, being priced out of the market whilst the media and politicians franticly discuss ways to prop up the unsustainable high prices. The heavily indebted have had their time in the sun. They have been living like royalty for the last 10 years. It is time for the young people to be given a shot in life.I am not a financial expert, and the post above is merely my opinion.:j0 -
Caught the end of the talk and it was drivel. The presenter posited that government could help homeowners because they part-own the banks and they could use Northern Rock to subsidise homeowners. Jasmine Birtles (didn't catch the special interest group she represented) agreed. This would be illegal under EU law but that was never brought up."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0
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Caught the end of the talk and it was drivel. The presenter posited that government could help homeowners because they part-own the banks and they could use Northern Rock to subsidise homeowners. Jasmine Birtles (didn't catch the special interest group she represented) agreed. This would be illegal under EU law but that was never brought up.
Northern Rock subsidising homeowners = taxpayers subsidising homeowners.
Even I, as a buy to let investor with a vested interest in increasing prices, think that is ridiculous!0 -
I want rates to go up, people to get repossed, and house prices to crash. Call me selfish if you like but I couldnt give a !!!!.
They had they day in the sun with their nice house they couldnt afford, a crash is required.
Doubt it will happen, but at least we are getting a slow slide in house prices even before the cuts take effect or interest rates rise.
A double whammy of IR rises and the cuts starting from april should see some tasty falls in house prices late this year. Cant wait.
I think you are going to be very disappointed.
The only thing that will change is your rent will increase
We love Sarah O Grady0
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