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With grateful thanks to Queen.
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House prices will be stable for another 2 yrs then another rise due to 50 yr mortgages and lending to start again...no crash as housepricecrash.com have predicted and EO. Shortgage of property and the coalition will ensure house prices remain stable.
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50 yr mortgages. More fuel for the fire.
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If the 8% interest rates within 2 years that the Telegraph article quotes today is even remotely close it will be interesting to say the least.
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But the dt does say inflation could reach
20% Ugh!!!!!!!!!!!!!! ![]() |
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Small reduction (average) until 2012. Strange things to happen then.
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world ends
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Fire sale by january
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House prices remain stable is another way of saying house prices remain unaffordable. Given wages are falling and the cost of energy and food is going up people won't have any money to spend on anything else. How is that good for the UK economy?
I suppose at least we'll be importing a few less BMWs and flatscreen TVs which will be good for the old trade decifit. |
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inflation up,wages to be held back,more people out of work,and all to keep house prices up,i cant see how we can move forward while our economy relies on supermarkets ,house prices,and the value of the pound to provide us with all the goodies we need.something has to give and when it does it wont be pleasant.
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