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CML Repossessions to SOAR

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Comments

  • doire_2
    doire_2 Posts: 2,280 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    julieq wrote: »
    There are only two actual props that work, one of which is keeping people in jobs which by and large we're doing at the moment,
    .

    I could have swore almost 130,000 people lost their jobs in the past 3 months and unemployment was at a 17 year high
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    SecondLegDownIsTheBigOne wrote: »
    If their revisions continue to follow this pattern then it soon will be!

    :rotfl::rotfl::rotfl::rotfl:

    What pattern is that?

    2009 - WRONG
    2010 - WRONG
    2011 - WRONG
    2012 - RIGHT????

    Nah, doesn't work.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Heyman wrote: »
    Revised down by 27,000 total in 2009

    Revised down by 14,000 total in 2010

    Revised down by 4,000 total in 2011

    Hardly 'a few hundred'.

    And the base rate in those 3 years 0.5%.

    The CML quite rightly is forecasting ahead on the basis that interest rates will rise.

    As at some point they will.
  • Linton
    Linton Posts: 18,344 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    doire wrote: »
    I could have swore almost 130,000 people lost their jobs in the past 3 months and unemployment was at a 17 year high

    38M or so didnt lose their jobs. The unemployment rate is still lower than it was during much of the 1980's. Looks like a pretty good prop for house prices to me. Hardly an indication of massive forced sales.
  • Heyman_2
    Heyman_2 Posts: 1,819 Forumite
    Thrugelmir wrote: »
    And the base rate in those 3 years 0.5%.

    The CML quite rightly is forecasting ahead on the basis that interest rates will rise.

    As at some point they will.

    In 2012? By enough to impact on repos?
  • simonSE15
    simonSE15 Posts: 725 Forumite
    Linton wrote: »
    38M or so didnt lose their jobs.

    I'm alright, Jack. :money:
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    simonSE15 wrote: »
    I'm alright, Jack. :money:

    Was this irony? I'm not sure whether to laugh or roll my eyes.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • simonSE15
    simonSE15 Posts: 725 Forumite
    Joeskeppi wrote: »
    Was this irony? I'm not sure whether to laugh or roll my eyes.

    I was commenting on the selfishness and stupidity of the argument that a huge increase in employment isn't a problem, and quoting the number of people who weren't made jobless recently as justification. I'm amazed and the mental contortions people will do to pretend everything's hunky dory. Mind bogglingly stupid.
This discussion has been closed.
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