Abandon All Fear

What nobody else seems to be saying…

Posts Tagged ‘housing market crash’

[Interest Rates] Home Spun Prophecies

Posted by Lex Fear on May 11, 2007

4 Years Ago

15 July 2003 – The Great Equity Raid

Egg warned that, as consumers take on mounting levels of debt against the rising value of their homes, personal indebtedness could become a serious threat to future stability, especially if interest rates started to rise again…

With the majority of homes now valued considerably higher than their purchase price, homeowners are feeling financially comfortable and ignoring the need to save elsewhere…

This is a dangerous mindset to fall into. A drop in house prices could leave many homeowners financially exposed.”

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Posted in Opinion, Property Market, Quoteyness | Tagged: , , , , , , | Leave a Comment »

[Housing Market Myths] House Prices Always Rise

Posted by Lex Fear on April 9, 2007

Some months ago I posted my intentions to blog regarding the UK housing market.

I will begin with addressing some of the myths that are commonly cited with absolutely no backing, usually by vested interests (VIs) and home owners.

The First Myth: House Prices Always Rise

This is usually the first one pulled out by those VIs who want to motivate you to stretch yourself to get on the first rung of the ladder. Statistics prove the exact opposite. Certain areas will rise and fall depending on age population, land value, attractiveness of the area and changes in infrastructure just to name a few. Below is a graph of average prices in the postcode area I currently live (edited to remove address details):

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Posted in Absolute Power, Bank Robbers, Buyer Beware, Duh!, Financial Terrorism, Housing Market Myths, Profiteering, Property Market, Video | Tagged: , , , , , , , , , , , , , , | Leave a Comment »