Halifax House Price Index May 2016

[DimPrawn]

Sorry, late edit to previous post.

The Government wants it's cash back and will take it from non payers.

Govt will support "the economy" which is based on debt. The whole ponzi scheme is a house of cards.

The mortgage debt will be backed by funny money from the BoE.

No one wants to rock the boat and risk upsetting the elite.....

[GB9]

Govt will support "the economy" which is based on debt. The whole ponzi scheme is a house of cards.

The mortgage debt will be backed by funny money from the BoE.

No one wants to rock the boat and risk upsetting the elite.....

The government debt is managed by a separate organisation.

They are already kicking the IO renters from properties.

The Government will get its money.

[The_Equalizer]

Govt will support "the economy" which is based on debt. The whole ponzi scheme is a house of cards.

The mortgage debt will be backed by funny money from the BoE.

No one wants to rock the boat and risk upsetting the elite.....

But numbers being numbers (if you see what I mean) there comes a point when it's unavoidable such as 2008. The again 2008 was only a correction of sorts what with some banks being too big to fail.

[AtW]

You're missing the point. There are 100,000s of IO mortgages coming to term end in the next 2-4 years with no way of repaying them.

So? They won't be able to repay it and will lose the house - given that those houses were bought 15+ years ago there should be nice profit in them, in any case houses will be snapped up by BTL crowd, these people will still have to live somewhere. Coming soon to UK - buy houses with people living in them.

Are you suggesting they are all going to take out repayment loans over 40 years and their kids are going to agree? And all the other banks are going to produce a similar product? What if the kids can't afford the payments when their parents die? What if the kids have their own house?

And what about the government backed mortgages that the government will no longer issue?

More likely is a form of rental mortgage / equity release whereby the bank takes a proportion of the property on death.

They'll have to work something out because otherwise bubble might just burst.

[GB9]

So? They won't be able to repay it and will lose the house - given that those houses were bought 15+ years ago there should be nice profit in them, in any case houses will be snapped up by BTL crowd, these people will still have to live somewhere. Coming soon to UK - buy houses with people living in them.




They'll have to work something out because otherwise bubble might just burst.

Where will they live when they sell up? Who will be in a rush to give them a juicy profit.

BTLers around here are bailing while they can.

[AtW]

Where will they live when they sell up? Who will be in a rush to give them a juicy profit. BTLers around here are bailing while they can.

If they bought 15 years ago then their house should be worth at least double, possibly triple.

They'd have to rent somewhere or buy since they'll have nice deposit from tax free CGT on their prime residence.

They'll be laughing all their way to the bank ...

[GB9]

If they bought 15 years ago then their house should be worth at least double, possibly triple.

They'll be laughing all their way to the bank ...

In central London, maybe. Elsewhere, good luck. They will need it.

[AtW]

In central London, maybe. Elsewhere, good luck. They will need it.

We'll see soon.

[DimPrawn]

Central banks have no idea what's going on in the housing market