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Debate House Prices
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Back to the good old days.
shortchanged_2
Posts: 5,546 Forumite
Did anyone see dispatches on channel 4 at 8.00pm this evening?
Estate agents showing their true colours again but worst of all was the in house mortgage advisors recommending BTL mortgages to people to get around affordability problems. Well it is one way to get an IO mortgage I suppose.
Ahh that's how people are affording London prices.
G&T's all round, the good times are back.
But of course this doesn't happen in the real world does it.
Estate agents showing their true colours again but worst of all was the in house mortgage advisors recommending BTL mortgages to people to get around affordability problems. Well it is one way to get an IO mortgage I suppose.
Ahh that's how people are affording London prices.
G&T's all round, the good times are back.
But of course this doesn't happen in the real world does it.
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Comments
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Complete waste of time. Surely we know Estate Agents can be as bent as a nine bob note. It's probably in their DNA.
Any figures we get on BTL mortgages as a proportion of all mortgages will be distorted.
... large commissions all round....0 -
shortchanged wrote: »But of course this doesn't happen in the real world does it.
Of course it happens.
Always has, always will.
It's just always been a small minority of cases, and therefore not significant in the big scheme of things.“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: »Of course it happens.
Always has, always will.
It's just always been a small minority of cases, and therefore not significant in the big scheme of things.
Why does it need to happen at all Hamish?0 -
shortchanged wrote: »Why does it need to happen at all Hamish?
For the same reason you have crooked cops, crooked judges, crooked doctors, crooked lawyers, crooked shopkeepers, crooked taxi drivers, crooked mechanics, crooked bankers, and for that matter, crooked estate agents.
It's human nature.
There will always be a small minority of crooked people out there.“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: »For the same reason you have crooked cops, crooked judges, crooked doctors, crooked lawyers, crooked shopkeepers, crooked taxi drivers, crooked mechanics, crooked bankers, and for that matter, crooked estate agents.
It's human nature.
There will always be a small minority of crooked people out there.
Yes I suppose so, seeing as estate agents are unregulated they are a law unto themselves.
The UK housing market desperately needs regulating, although obviously this will cost the consumer a fortune (classic scaremongering tactics).0 -
shortchanged wrote: »Yes I suppose so, seeing as estate agents are unregulated they are a law unto themselves.
The UK housing market desperately needs regulating, although obviously this will cost the consumer a fortune (classic scaremongering tactics).
Mortgage advisors are quite heavily regulated. Didn't stop a few acting up in the report you quoted.
Bankers are even more heavily regulated. Yet rigged LIBOR for years.
What makes you think regulating estate agents would be any more effective than regulating financial advisors or bankers?“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: »Mortgage advisors are quite heavily regulated. Didn't stop a few acting up in the report you quoted.
Bankers are even more heavily regulated. Yet rigged LIBOR for years.
What makes you think regulating estate agents would be any more effective than regulating financial advisors or bankers?
Well maybe they could actually be held liable for their actions.0 -
Serious question for you Hamish, seeing as you seem to be against any regulation in the housing market.
Why do you believe that estate agents, the very people who handle the biggest financial commitment of most peoples lives can act with such impunity as a bunch of unruly cowboys?0 -
shortchanged wrote: »Well maybe they could actually be held liable for their actions.
What a lovely concept.“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 -
Which agency chain?0
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