Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Moneyweek: Why this housing crash is already worse than the 90s

WTF?_2
Posts: 4,592 Forumite
http://www.moneyweek.com/file/48507/why-this-housing-crash-is-already-worse-than-in-the-1990s.html
Like a broken record, a spokesman for the Department for Communities and Local Government was wheeled out to speak to The Telegraph. “We are well placed to meet the challenges of the global credit crunch, the fundamentals of the economy are sound with low unemployment and historically low interest rates, and long-term demand for housing remains high."
It’s wonderful to watch these people self-destructing. Mendacity and spin has always been the way that they’ve brazened through problems in the past. So now they think that if they keep chanting the same ‘think positive’ mantras over and over again, that somehow their words will transform reality.
But redrawing the map doesn’t make a damn bit of difference to the territory. It just means that people get lost more often, and stop trusting in your ability to guide them. The British people are waking up to the fact that we’ve been living in a fantasy world for the past decade or so. It’s just a shame that it’s taken an economic catastrophe to do it.
Some good points in there on inflation and how it means there are no easy answers to 'save' the housing market.
Like a broken record, a spokesman for the Department for Communities and Local Government was wheeled out to speak to The Telegraph. “We are well placed to meet the challenges of the global credit crunch, the fundamentals of the economy are sound with low unemployment and historically low interest rates, and long-term demand for housing remains high."
It’s wonderful to watch these people self-destructing. Mendacity and spin has always been the way that they’ve brazened through problems in the past. So now they think that if they keep chanting the same ‘think positive’ mantras over and over again, that somehow their words will transform reality.
But redrawing the map doesn’t make a damn bit of difference to the territory. It just means that people get lost more often, and stop trusting in your ability to guide them. The British people are waking up to the fact that we’ve been living in a fantasy world for the past decade or so. It’s just a shame that it’s taken an economic catastrophe to do it.
Some good points in there on inflation and how it means there are no easy answers to 'save' the housing market.
--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
0
Comments
-
Mendacity? - I had to look that one up.
Lets make that the word for today.0 -
-
pickles110564 wrote: »Save it from what?
Green shoots popping up everywhere, start looking for that new pad before you miss out.
I think we have a while yet before that market picks up don't you.In Progress!!!0 -
pickles110564 wrote: »Save it from what?
Green shoots popping up everywhere, start looking for that new pad before you miss out.
do you hear voices telling you what to do, as well ?It's a health benefit ...0 -
It's just a flesh wound.
http://uk.youtube.com/watch?v=2eMkth8FWno0 -
Mendicant is the archaic word for begger.
it literally means, one who relies on the means of others to survive.
so a bit like a Bank at the moment then.It's a health benefit ...0 -
Some good points in there on inflation and how it means there are no easy answers to 'save' the housing market.
I'm sure it's been said before, but the housing market doesn't need saving. This is a natural market correction.You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.0 -
Mendicant is the archaic word for begger.
it literally means, one who relies on the means of others to survive.
I've heard of the word mendicant but didn't make the link.so a bit like a Bank at the moment then.
I reckon that a few of the banks are going to make an absolute killing out of all of this. DBS perhaps?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 348.2K Banking & Borrowing
- 252.1K Reduce Debt & Boost Income
- 452.3K Spending & Discounts
- 240.7K Work, Benefits & Business
- 617K Mortgages, Homes & Bills
- 175.6K Life & Family
- 253.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards