It's true - House prices really cannot fall

**ratewhore** · 20 March 2008, 10:25

Cool! I anticipate this being extended to cover ALL investments...

**Ardesco** · 20 March 2008, 10:27

Such insurance would pay out if the value of a home declined by more than the value of equivalent property in the indices.

So 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.....

**DimPrawn** · 20 March 2008, 10:28

Originally posted by Ardesco View Post

So 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.....

But it's a New Labour backed idea......

**HairyArsedBloke** · 20 March 2008, 10:43

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.

**BlasterBates** · 20 March 2008, 10:43

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.

**sasguru** · 20 March 2008, 10:43

Originally posted by HairyArsedBloke View Post

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.

**BlasterBates** · 20 March 2008, 10:48

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.

**Moscow Mule** · 20 March 2008, 10:56

I can't even begin to express how much of a lunatic idea this is.

********* **** ****** ******** *********** muppets.

**AlfredJPruffock** · 20 March 2008, 12:46

Originally posted by Moscow Mule View Post

I 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
Marraige

It's true - House prices really cannot fall