Detached house prices plummet £270 a day as property market enters slowdown

[Francko]

And why would I need a plan b, you numpty, as I am mortgage free?

Well, you are still losing 270 quid a day. If you are happy to afford that, this is another matter.

[Sockpuppet]

Well, you are still losing 270 quid a day. If you are happy to afford that, this is another matter.

on paper

[AtW]

Well if you've ignored all the gloomy economic reports over the past few years and went ahead anyway then who have you got to blame other than yourself? You can't say you never saw it coming which was a valid argument in the early 90's.

Of course it is the people who stupidly believed "it is different this time", as well as stupid banks that gave them the money to make these reckless purchases.

The problem is that this (debt based on inflated assets) represents a big chunk of economy now, so the Govt is likely to screw prudent people like you and me rather than those who made mistake in the first place - my guess they will go for high inflation in hopes it will erode debt base.

[AtW]

on paper

Your morgage debt is also on paper, but it can lead to very real bankrupcy.

[DiscoStu]

I love the bold text and AtW's comments. It's nice how he always points out the important bits and gives us his expert analysis.

[stackpole]

DiscoStu, how the feck did you rack up 2000 posts?

[AlfredJPruffock]

Don't worry, inflation is falling and interest rates will soon be 0%.

http://news.bbc.co.uk/1/hi/business/7188874.stm



I think we're turning Japanese, I think we're turning Japanese, I really think so.

No Sex No Women No Wine - No wonder its dark
Everybody around me is a total stranger
Everybody above me is a pyschomaniac - everyone

[DiscoStu]

DiscoStu, how the flip did you rack up 2000 posts?

I drivel in TPD a lot...

[sasguru]

I love the bold text and AtW's comments. It's nice how he always points out the important bits and gives us his expert analysis.

His Business Admin degree was not wasted, oh no sirrreeee....

[stackpole]

I drivel in TPD a lot...

Ah, I've just seen it. It looks like you aren't the only one.