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Debate House Prices
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House Price Rising Fast....2000 Pounds a Month
Comments
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HAMISH_MCTAVISH wrote: »When lending recovers and the schemes are no longer required, they can and should be removed.
How will they be removed from people that are using them?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
shortchanged wrote: »:rotfl:
Not from the Express, surely.
Unfortunately, the Express has been far more accurate then the predictions on this forum.0 -
grizzly1911 wrote: »How will they be removed from people that are using them?
Eh?
When lending recovers to normal, the schemes will no longer be required.“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: »Eh?
When lending recovers to normal, the schemes will no longer be required.
Will lending return to normal in three years then, just after the GE?0 -
Will lending return to normal in three years then, just after the GE?
The scheme will run for a minimum of three years.
http://www.ft.com/cms/s/0/4813d6da-ea1f-11e2-b2f4-00144feabdc0.html#ixzz2Ym9IYMguMr Osborne said there was no prospect of a bubble inflating during the three-year lifespan of the scheme. A future chancellor would have to consult the BoE’s Financial Policy Committee before extending it.
Any extensions are conditional upon lending conditions at the time.“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: »Eh?
When lending recovers to normal, the schemes will no longer be required.
So will the people who have bought and taken out mortgage under these schemes have to refinance at the end of the three year term and cough up the additional 20%?
How can the scheme no longer be required if x thousand people are enrolled in them, for potentially 25 years?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »So will the people who have bought and taken out mortgage under these schemes have to refinance at the end of the three year term and cough up the additional 20%?
How can the scheme no longer be required if x thousand people are enrolled in them, for potentially 25 years?
The scheme can be extended if lending conditions haven't returned to normal, and it's therefore still needed.
But will not be withdrawn before three years.“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 -
JencParker wrote: »Do you only use quotes you've read?
How is tying up more money out of people's budgets helping the economy? Money needs to be in circulation, not having ever increasing amounts tied up in bricks and mortar or sitting on a bank's balance sheet.
The property owning propaganda has really worked.
unless people keep money under the bed at home then no money is tied up in property
mortgages are loans made by banks
the money raised is paid to builders, the tax man, estate agents, solicitors etc
builders use the money to pay people wages and pay for materials and to pay dividends to shareholders
these people spend this money on ...........
so the money is cirulating exactly as you want it to0 -
HAMISH_MCTAVISH wrote: »The scheme can be extended if lending conditions haven't returned to normal, and it's therefore still needed.
But will not be withdrawn before three years.
So it may be withdrawn to new entrants but x thousand will still be on the schemes until they voluntarily remove themselves from them.
Those schemes will therefore continue to distort the housing market for a considerable time. The longer they remain open the bigger the impact particularly in honey spots."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »So it may be withdrawn to new entrants but x thousand will still be on the schemes until they voluntarily remove themselves from them.
Those schemes will therefore continue to distort the housing market for a considerable time. The longer they remain open the bigger the impact particularly in honey spots.
This is not a "distortion".
It's repairing the broken and dysfunctional mortgage market.
The "distortion" is the mortgage rationing and failed mortgage market we've had for the last 5 years.“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
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