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Major impact on houses

245

Comments

  • lypsey
    lypsey Posts: 201 Forumite
    the saint
    I should explain , from a personal point of view which I understand is selfish , i want houses to crash , so I can buy

    I appreciate a crash will cause a lot of pain for others but greed has driven this market and greed will drive it back. I hate to see families deep in the s&&t but this will be a consequence

    Sorry
  • Eyesparky
    Eyesparky Posts: 689 Forumite
    If the Government want to get any semblance of control over inflation they need to look to drastically reduce their own spending before smacking around blindly with the blunt stick of interest rate hikes. Can't see that happening though ...
    "I hear and I forget. I see and I remember. I do and I understand." — Confucius
  • Moorepart
    Moorepart Posts: 181 Forumite
    Without wishing to giveaway too much I can confirm that industry insiders are now preparing for a market correction,not a crash;)
  • manhattan
    manhattan Posts: 1,461 Forumite
    Uniform Washer
    Moorepart wrote: »
    Without wishing to giveaway too much I can confirm that industry insiders are now preparing for a market correction,not a crash;)

    Ahhhhh, a correction of 40% maybe? ;)
  • Romani_Ite_Domum
    Romani_Ite_Domum Posts: 428 Forumite
    Moorepart wrote: »
    Without wishing to giveaway too much I can confirm that industry insiders are now preparing for a market correction,not a crash;)

    They must be stocking up with clean underwear then ;)
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Moorepart wrote: »
    Without wishing to giveaway too much I can confirm that industry insiders are now preparing for a market correction,not a crash;)
    I wish people wouldn't use this expression. What's the difference between a correction and a crash? It's a bit like a Doctor saying this might hurt a [strike]little [/strike] LOT !
  • Guy_Montag
    Guy_Montag Posts: 2,291 Forumite
    1,000 Posts Combo Breaker
    Moorepart wrote: »
    Without wishing to giveaway too much I can confirm that industry insiders are now preparing for a market correction,not a crash;)

    Yeah, but let's face it industry insiders never prepare properly for what may happen. The FSA keeps harping on to the banks to stress test their lending & they keep slackening their criteria.
    "Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
    Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
    "I think I'll become an alcoholic," said Betty.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    mystic_trev wrote: »
    I wish people wouldn't use this expression. What's the difference between a correction and a crash? It's a bit like a Doctor saying this might hurt a [strike]little [/strike] LOT !

    Between you, me and these 4 walls, there isn't really a difference - they're both the same thing and mean very little.

    From my experience, what a lot of people call a 'crash' City traders and salesmen call a correction because they think it gives them an air of professional insousance. Others have picked up on this and the term has been corrupted to mean 'crashlet' or 'Don't Panic!'.
  • garethhr
    garethhr Posts: 27 Forumite
    Relax, guys. It's has no chance of going up 0.50% tomorrow, according to the latest market estimates.

    Probably 0.25% over the summer (but likly not tomorrow) and maybe, just maybe another 0.25% by year end.

    This guys is just speculating.
  • pickles110564
    pickles110564 Posts: 2,374 Forumite
    I reckon he should whack it up to 8% why dilly dally, lets have loads of people in trouble, why should common people buy their own houses it should be only the gentry that buy houses and then rent out loads and make loads and loads of loverly cash.
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