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The housing bubble in the UK, house prices falling

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Yes house prices are falling and will continue to fall.  UK house prices are one of the biggest economic bubbles schemes in this pathetic country's history.  It was pumped up after the dot com bubble burst, by our so called government and the banking cartels to keep the money men happy.  It will burst as all bubbles do and the fact that the powers that be are busy pumping up the next bubble (which are ETFs) shows they know it's all over for this stupid housing bubble.

The British state has turned on the British people, everyone but the Politicians and Bankers are really starting to struggle, the cash and assets held by the worlds wealthy elite have increased by over 50% while we cannot find a job or a home anymore.  Interest rates will begin to sky rocket soon and the bankers will begin stealing people's homes, when you factor in the fact that due to all the Collateralized debt obligations (CDOs) and other fraudulent asset-backed securities, your home is now worth far more to the bankers if you default (yes they bet against you with your money).  So expect a frenzy of repossessions soon.  Think I am being paranoid?  Look over the pond to the US, The very banks that the American tax payers bailed out are now fraudulently foreclosing on their the home.  But the American government just stand by and watches all this as they do not want to upset there masters. 

If you are in trouble with your mortgage and need to sell, get it on the market now and discount it heavily.  This is only going to get worse.' So while Mr.  and Mrs.  Delusional are still asking a quarter of a million pounds for their three bedroom council semi, you can make a sale and get out of the market.  The smart money got out of the property market in 2007.

It may seem crazy but I am looking to buy a home at the moment.  But I am a cash buyer and not in a chain.  I'm also looking for a HOME and not an asset, so I will not being paying over the odds when prices are in free fall.  I have viewed many properties over the past year but nobody will negotiate.  Home sellers now fall into two categories, 'desperate' or 'delusional'. 

The government, bankers, estate agents and sellers have done an outstanding job in keeping property prices as high as they are now.  But prices will have to correct for the economy to even think about turning around.  It is unavoidable.  Prices have to be at 3.5 times the average salary (which is far lower than you think) for the housing market to function, Prices only got so high due to insane lending and cheap interest rates.  The banks no longer want to lend as they are technically insolvent and the fact that they are borrowing money at 0.5% then lending at far higher rates, is the only reason most major banks are still trading.  A monkey could make millions under those conditions.

Presumably the house prices are being kept high is because it will crash the asset sheets of the big banks.  The ironic thing is that due to the fractional reserve banking system, the bank never actually invested anything in you or your home when you took out your mortgage, they just created a debt in your name on their computer and never actually risked a single penny.

Wake up Britain!  You are being robbed!

By: Aleedsfella


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Jethro

Jethro

The next UK's Government budget will be horrific, triple lock state pensions scrapped, tax rates increased, services cut, overseas aid cut, spending cuts,cuts,cuts. I don't think people understand just how deep the UK is in a financial crises.
03/11/22 Jethro
1
Jethro

Jethro

BoE interest rates up to 30 year increases. Mortgage rates up to record levels. Everybody is keeping quite about a possible property price crash in fear it will devalue their property. BoE stateing the next few years in the UK will be a record recession. Easy money and easy credit has now hit the wall. Lets see all those people that thought they were special survive.
03/11/22 Jethro
1
collar

collar

Ludicrous. Have you thought about renting outside the area wearing your old clothes and asking passers by for their advice? Give it a try and you might get enough feedback to rent yourself second property, and the genuinely homeless people who the charity shelter collect for will get their roof over their heads ... Everyones in a similar boat, the mortgage payers do their monthly remitance, the rentee feeds off the trickle down, and you earn your crust by demonstrating your true value to the housing market!
04/06/14 collar
0
Rachman

Rachman

Hehe they're on their way back up now, gradually. Crash postponed again.
17/09/13 Rachman
-5
Dave

Dave

I'm afraid you are delusional man. House prices in London ain't gonna fall anyway because there are plenty of people wanting to move there. House price = 3X salary? What a joke! In some places especially the developing countries house price = 300X annual salary. House prices can't keep falling down because the Brazilians the Chinese will see them as real bargains and will simply come in and buy them with heaps of cash.
14/05/13 Dave
-12
anom

anom

It seems that something is wrong to me too, I dont understand how it can have. ,got so expensive, it seems just stupid, houses should be. 50%,cheaper at least,feels to me as though life should consist of plenty of cheap houses millions more jobs being available and people doing less hours to get the money needed for a basic 'life', with a dole queu only 5 to10% of the size it is today,i see a vision of a world full of people happy to have a life consisting of half the hours they do today, but able to achieve the average lifestyle by the cost of todays lifestyle being cut by making houses and vehicles cheaper and just pumping money in to a system that taxes more heavily those who save over 30000 £,
05/12/12 anom
0
Groucho Marx

Groucho Marx

The housing bubble will go like "Pop Goes the Weasel": pop!!!!!!!!
23/01/11 Groucho Marx
-5
Mr Inflation

Mr Inflation

Big D, is that your expert opinion, or a very desperate hope?
23/01/11 Mr Inflation
-4
Londoner

Londoner

Do you have any idea what you are talking about with "Pop Goes The Weasel"
12/01/11 Londoner
-2
Groucho Marx

Groucho Marx

Pop Goes The Weasel.
I will not stand for anything that's crooked or unfair
I'm strictly on the up and up
So everyone beware
If anyone's caught taking graft
And I don't get my share
We stand 'em up against the wall
And pop goes the weasel.
12/01/11 Groucho Marx
-4
Big D

Big D

Property prices are still relatively high but I wouldn't expect them to drop too much further, at least not quickly unless unemployment really starts to bite deeply. A slow and modest fall or "flatlining" is most likely going forward.

If London properties are excluded from statistics most of the country is sitting at Price\Earning ratios of 4-4.5; only slightly higher than the historic average of 3.7. A recovering economy in the 3-5 year term could quickly pull ratios back to historic levels. In addition mortgages are relatively affordable if you can convince a bank to give you one.

So don't expect to pick off forlorn distressed buyers just yet "leedsfella"; you're going to have to pay the full sticker price.
09/01/11 Big D
-10
Daisy

Daisy

Indigo Spirit, I think you could be right! The Elite cartels own half the world and control the politics hence half the world owes them and this makes it very unfair.
25/12/10 Daisy
1
IndigoSpirit

IndigoSpirit

This is all true. I sold my house in May 2010 and am looking for a new home. I know the prices are going to fall as the banks are all printing money out of thin air! The banks are all owned by the elite cartels of the world that control the governments through these and all the companies they have purchased through dishonesty and fraud. They have become too powerful and the own all major governments of the world. Wikileaks are a threat to them all and will bring down the governments throughout the truth that will set us all free from the invisible chains we are all under. Money is a modern day version of slavery. I hope all will support groups that stand up for our rights and liberties as human being on this planet. Enough is enough. I bless you all.
24/12/10 IndigoSpirit
1
anon

anon

the answer to this???

Chocolate, wine and coronation street......all better then
06/12/10 anon
-11
the_real_athair_siochain

the_real_athair_siochain

Prices fall, because the landlords and money lenders nobble the market place,

You buy a home for two hundred thousand pounds, you get a loan because the bank has put a value to match the price paid, AFTER TEN YEARS PAYING INTEREST TO THE MONEYLENDER you are told the value is now four hundred thousand pounds . interest rates rise and you find you cant pay, you try to sell like many others in the same boat, prices are forced down so investors can get cheap property, you then have the bank sell your property for two hundred thousand pounds, after all fees and payments are made the bank has the property for the value of the original loan, and you could still have tens of thousands of pounds to repay the bank, on top of the years of interest you paid the bank, I can go on and on, we must be insane to allow these parasites to control our lives,,, we need to bring back hanging,,,,
06/12/10 the_real_athair_siochain
-7

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