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Debate House Prices


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Who's to blame?

2»

Comments

  • IronWolf
    IronWolf Posts: 6,462 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The UK really wasn't in such a terrible position when you look at other countries tbh
    Faith, hope, charity, these three; but the greatest of these is charity.
  • DervProf
    DervProf Posts: 4,035 Forumite
    chucky wrote: »
    each economy has had it's own issues and mostly due to their dependency on house prices not because of them.

    Does the UK, therefore have issues with house price dependency ? In my opinion, and reading posts from more bullish members of this forum, I believe it does.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    IronWolf wrote: »
    The UK really wasn't in such a terrible position when you look at other countries tbh

    Is that OK then ?

    We shouldn't be comparing ourselves to other countries so much, we should be positioning ourselves so that we have the best possible standard of living for our own citizens. If we live in comfort, but another country is in luxury, so what ? As long as our population are well fed, have jobs, housing etc, then why be concerned if another country is "living it up" ? For all we know, their lifestyle might be based on huge debt, which could cause them massive problems in the future.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    IronWolf wrote: »
    The UK really wasn't in such a terrible position when you look at other countries tbh

    Your right, we could have a full land border with France. :)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    DervProf wrote: »
    Does the UK, therefore have issues with house price dependency ? In my opinion, and reading posts from more bullish members of this forum, I believe it does.
    the banks did, generally i'm not convinced that they still do.

    i'm not sure how banks wouldn't have a dependency on house prices in any country to be fair.
  • LisbonLaura
    LisbonLaura Posts: 1,121 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Every man , woman and child in Eire will have to shoulder a tax burden of around £14k (or £53k per household) to fund the bank bail out.
    .

    On the Max Keiser video released yesterday that figure was given as €170k for each person!


    http://www.youtube.com/watch?v=A5zXU1bQ3tQ

    What's the matter with the people? Is there a shortage of pitchforks? Start the revolution! - Too many public sector I guess
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