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It's true - House prices really cannot fall
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Cool! I anticipate this being extended to cover ALL investments...
Older and ...well, just older!! -
Such insurance would pay out if the value of a home declined by more than the value of equivalent property in the indices.
Just a scam for insurance companies to get more cash methinks.....Comment
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Originally posted by Ardesco View PostSo this is going to help how? If all house prices drop you don't get a penny, you only get a payout if your house price drops while the others stay high.
Just a scam for insurance companies to get more cash methinks.....
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AtW would approve. Oh hang on, if I were to hedge the losses on my house someone would have to take the other side. That would make them a speculator and we can’t have that.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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The words "stable door", "bolted", "horse" all spring to mind.
So once the market has bottomed out people will then go out and spend thousnads of pounds on insurance....hmm sounds good business for the insurance companies.I'm alright JackComment
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Originally posted by HairyArsedBloke View PostAtW would approve. Oh hang on, if I were to hedge the losses on my house someone would have to take the other side. That would make them a speculator and we can’t have that.Hard Brexit now!
#prayfornodealComment
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This sounds as hair brained as unemployment insurance, where basically you hand your salary to an insurance company and then they give some back if you're uunemployed.I'm alright JackComment
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I can't even begin to express how much of a lunatic idea this is.
********* **** ****** ******** *********** muppets."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by Moscow Mule View PostI can't even begin to express how much of a lunatic idea this is.
********* **** ****** ******** *********** muppets.
The more lunatic an idea is - the bigger the chance they will actually do it.
eg
Invasion of Iraq
Poll Tax
Hitler's invasion of the USSR
Ir35
Vietnam War etc
MarraigeComment
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