It's true - House prices really cannot fall

[BrilloPad]

I would who would write such a risk? and could we trust them not to go bankrupt?

[AtW]

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.

No I would not approve of that - this would be insurance misseling because in the event of en masse house price drops (probability of which is way above 50% now) insurance companies won't be able to pay up.

So the whole scheme must be the same kind of scum as "payment protection" things are that would pay up your debt if you "lose your job", if you read fine print you will see that chances of getting that are slim.

[Ardesco]

No I would not approve of that - this would be insurance misseling because in the event of en masse house price drops (probability of which is way above 50% now) insurance companies won't be able to pay up.

So the whole scheme must be the same kind of scum as "payment protection" things are that would pay up your debt if you "lose your job", if you read fine print you will see that chances of getting that are slim.

Permie payment protection. Doesn't work for the likes of us