Another positive effect of Brexit Another positive effect of Brexit
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  1. #1

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    Default Another positive effect of Brexit

    House prices slump as Brexit holds back buyers | Daily Mail Online

    House prices going down



    Presumably some will see this as a buying opportunity....

  2. #2

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    Quote Originally Posted by BrilloPad View Post
    House prices slump as Brexit holds back buyers* | Daily Mail Online

    House prices going down



    Presumably some will see this as a buying opportunity....
    It would be useful.

    I still fail to see why the cost of a basic need I. E somewhere to live, rising 5%+ over average inflation, should be seen as a good thing.

    It puts pressure on people to borrow more and pressure on the economy in general as money is sacked into mortgage repayments.

    Still, I'm sure some will be disappointed.

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    Default Another positive effect of Brexit

    Quote Originally Posted by GB9 View Post
    It would be useful.

    I still fail to see why the cost of a basic need I. E somewhere to live, rising 5%+ over average inflation, should be seen as a good thing.

    It puts pressure on people to borrow more and pressure on the economy in general as money is sacked into mortgage repayments.

    Still, I'm sure some will be disappointed.
    There's the problem right there. Inflation doesn't measure rents/mortgages. Which is bonkers. Well actually it's a deliberate act to prop up the ponzi debt bubble and keeping emergency rates at record lows. This is economically unsustainable.

    https://youtu.be/jReImMitYIc
    Last edited by PurpleGorilla; 19th February 2017 at 11:29.

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    Quote Originally Posted by PurpleGorilla View Post
    There's the problem right there. Inflation doesn't measure rents/mortgages. Which is bonkers. Well actually it's a deliberate act to prop up the ponzi debt bubble and keeping emergency rates at record lows. This is economically unsustainable.
    There are two measures of inflation. The government just prefers to use the one that ignores rent and mortgage repayments.
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    Quote Originally Posted by SueEllen View Post
    There are two measures of inflation. The government just prefers to use whichever one gives them the lowest inflation figure.
    FTFY...
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    Not really much of a "slump" when it appears to be confined to properties right at the top end in the more select geographical areas.
    Nationwide reported a rise of 0.2% for January 2017.

    I guess you can just choose whichever stats you like and believe them. Every contingency will be out there no doubt.
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