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Debate House Prices
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The Express smells blood..
Comments
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Once banks start lending freely there will be massive HPI.
Which banks?
I keep hearing that "banks" are going to lend more.
But with over 50% of existing mortgage debt with lenders that are actively contracting their mortgage books. Hard to see who is going to replace them.
As banks if anything are withdrawing more and more to their own home markets. The global credit boom is in reverse after 40 years of growth.0 -
I remember about 5 years ago 'experts' in the Express said the average house price in 5 years time would be around £300k.0
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They know house prices are going down.
They are really giving us the bad news headlines now.
Prices down £3,000 this month
Job losses down again
Sibley in dire straitsI've been having a really bad time trying to sell. Keep reducing the price, but no one seems interested, things are really dire here. I'm now in negative equity trying to keep my head above water with the mortgage repayments. Thankfully Ting Tong's night work enables me to (just) afford the repayments.
- Sibley, Maidstone, 1/9/2011 13:51
Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-2032523/Nationwide-House-prices-tumble-3-000-month-job-losses-dampen-demand.html#ixzz1Wk0UDoPO0 -
I remember about 5 years ago 'experts' in the Express said the average house price in 5 years time would be around £300k.
I remember about 5 years ago 'experts' on hpc said the average house price in 5 years would be around £80K.“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 -
chucknorris wrote: »Of course they are not, a 21% rise over 5 years is nothing more than an extremely gentle recovery.
While average pay lags behind...........
More interestingly if average house prices rose 21% around £35k and house transactions were around 45,000 a month. Then lenders would need to fund around another £1.5 billion of new mortgage lending a month. Or £18 billion a year.
Difficult to see where this is going to funded from in a contracting money market.0 -
As many of you already know. I work for the Daily Express.
My colleagues and I have set out to destroy the HPC website.
Today we have blacked out the Nationwide figures. It never happened.
We plan to wait 2 days or so then bombard the public with house price rise stories.
Our aim is to make the HPC members bitter and twisted. It makes us laugh and we all have a good chuckle at the wine bar after work.
Tally ho!!!!We love Sarah O Grady0 -
As many of you already know. I work for the Daily Express.
My colleagues and I have set out to destroy the HPC website.
Today we have blacked out the Nationwide figures. It never happened.
We plan to wait 2 days or so then bombard the public with house price rise stories.
Our aim is to make the HPC members bitter and twisted. It makes us laugh and we all have a good chuckle at the wine bar after work.
Tally ho!!!!
:rotfl::rotfl::rotfl::rotfl:“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 -
As many of you already know. I work for the Daily Express.
My colleagues and I have set out to destroy the HPC website.
Today we have blacked out the Nationwide figures. It never happened.
We plan to wait 2 days or so then bombard the public with house price rise stories.
Our aim is to make the HPC members bitter and twisted. It makes us laugh and we all have a good chuckle at the wine bar after work.
Tally ho!!!!
Oh if that`s the case say hi to me old mucker Rick Desmond . worked with him in the 70`s.0 -
We just called Sky news.
They have also agreed to black out this Nationwide fall.
As far as the general public are concerned house prices are rising.
We'll stick a couple of House Prices storming headlines on the Esso forecourts next week.
That will teach the HPC gang a good lesson.We love Sarah O Grady0 -
As many of you already know. I work for the Daily Express.
My colleagues and I have set out to destroy the HPC website.
Today we have blacked out the Nationwide figures. It never happened.
We plan to wait 2 days or so then bombard the public with house price rise stories.
Our aim is to make the HPC members bitter and twisted. It makes us laugh and we all have a good chuckle at the wine bar after work.
Are you going to answer post 6? You look a right prat for saying what you did but not backing it up with hard evidence.
I suppose thats you all over isnt it0
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