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Debate House Prices
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What would cause negative HPI in London
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Cuts to housing benefit? Up to 40% of families in some inner London boroughs rely on housing benefit to pay their rent.
Plus a world recession.
http://www.express.co.uk/news/politics/619614/Iain-Duncan-Smith-threatened-resign-housing-benefit-slashed0 -
According to Moneyfreak London prices will be back to 1996 levels fairly soon™
Granted that was almost seven years ago. There's a couple of weeks before xmas yet though, 50% off guaranteed.0 -
Blacklight wrote: »There's a couple of weeks before xmas yet though, 50% off guaranteed.
Thank god for that, I was really stumped what to get my wife for Xmas.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Blacklight wrote: »According to Moneyfreak London prices will be back to 1996 levels fairly soon™
Granted that was almost seven years ago. There's a couple of weeks before xmas yet though, 50% off guaranteed.
Well no one then could quite have predicted in the midst of the then crisis how many tens/hundreds of billions the government would throw at the housing market via QE, FLS, Help to buy in various forms, 400 year low interest rates and more to boost prices.
If the 'market' had been allowed to function who knows where we might be now. When the government intervenes - the price of things always goes up.
Its been very much at a negative cost to a functioning economy and social cohesion and our young people.0 -
House prices are already going down in London0
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TheCountofNowhere wrote: »House prices are already going down in London
Certainly in prime London.
Less obvious that this is the case in the suburbs though - east London is still going crazy although a lot of properties don't seem to be selling at some of the mad asking prices.0 -
Don't believe the propaganda0
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Prices are not down in Novemenr as much as they usually are suggesting a strong year ahead for London prices.
Again.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
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