It's true - House prices really cannot fall

[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

[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.

[BrilloPad]

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

[AlfredJPruffock]

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

[Moscow Mule]

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

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

[BlasterBates]

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.

[sasguru]

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]

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.

[HairyArsedBloke]

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.

[DimPrawn]

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......

[Ardesco]

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.....

[ratewhore]

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

[DimPrawn]

http://www.guardian.co.uk/business/2...et.houseprices

Boomed!