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House Prices Rocket - Buyer Beware! PDF Print E-mail
Written by Andrew   
Tuesday, 18 May 2010 06:59

Houses prices have rocketed, and so has Gold, so will other commodities. This has nothing to do with housing demand, there isn't any demand and only the top few percent of higher priced property is getting sold - just fool's rushing in. Our pound buys 10 to 15% less today than 6 months ago. Of course inflation proof items will rise! They are rising in devalued pound value only. If the pound is worth less it takes more to buy a house. The problem for those buying is that interest rates will rise to curb inflation in our fake paper money deficit spending Keynesian System and they will be hit hard in the next few years having been lulled back into the market after making the very wise move of selling their houses several years ago and renting. Remember, houses are 30 - 40% over valued in relation to earnings and other underlying factors. It is the trick of cheap credit debt that means people have access to more money to buy a house and the price goes up. Once these pigeons come home to roost you will see 20% of homeowners unable to pay the mortgage 6 to 10 times their earnings. Our economic boom was based on buying and selling houses and it has burst. This is just the suckers rally. The real recession has not even begun and when the people realise how they are being tricked and lied to there will be scenes like you have seen in Greece throughout Europe as the Banksters steal the wealth from every country via their tax system, just like Cameron and Clegg are going to do here by stealth. They are just the Deal Closers in Gordon Brown's End Game.

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Last Updated on Friday, 21 May 2010 07:16