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Debate House Prices
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95% mortgages & HTB - Buying a house in 1959
Comments
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HAMISH_MCTAVISH wrote: »Indeed.
And yet still some poor misguided people think 95% mortgages are a recent invention and the cause of prices rising so much in the last decade.
Not sure about that Hamish.
Everyone who talks about irresponsible recent lending has been talking about 100%+.
I honestly can't remember a time on this board when anyone has suggested 95% mortgages are a new thing, or indeed, all that risky in truth.0 -
Graham_Devon wrote: »Not sure about that Hamish.
Everyone who talks about irresponsible recent lending has been talking about 100%+.
I honestly can't remember a time on this board when anyone has suggested 95% mortgages are a new thing, or indeed, all that risky in truth.
Isn't 1959 the year when you first predicted a house price crash?0 -
Isn't 1959 the year when you first predicted a house price crash?
At least he's consistent....“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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