tag:blogger.com,1999:blog-2948538160252327076.post9063751209381788822..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Mortgage repossessions - the true storyAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2948538160252327076.post-78071836561096492242009-05-17T10:25:00.000+01:002009-05-17T10:25:00.000+01:00So much for mortgage regulation in 2004.So much for mortgage regulation in 2004.formertorynoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-7871992739942909772009-05-16T17:14:00.000+01:002009-05-16T17:14:00.000+01:00All official figures lag and lie. I knew the marke...All official figures lag and lie. I knew the market had gone wobbly back in 2005 when a friend couldn't continue to perform his magic trick of borrowing more and jumping up the ladder: computer said 'nooooo!'.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-10362498246399216532009-05-15T23:10:00.000+01:002009-05-15T23:10:00.000+01:00Alice - have you considered the effect that the re...Alice - have you considered the effect that the removal of all tax reliefs from holiday homes will have when it kicks in next April ?<br /><br />I must confess I didn't realise all the advantages there were - you could offset all the associated costs of maintenance etc against your personal tax. There were also significant capital gains advantages. These will apparently stay until the house is sold, but I'd still imagine that holiday homes will be less attractive investments, and that some owners might sell because they're no longer getting the advantages. There are an awful lot of holiday homes. It could be that retirement by the sea is about to get cheaper.Labanhttps://www.blogger.com/profile/12031578024191117985noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-41363694726554147752009-05-15T19:54:00.000+01:002009-05-15T19:54:00.000+01:00There will be less repossessions this time than in...There will be less repossessions this time than in the early 90s because this time most of the banks are nationalised! So they will be told to keep the numbers down, at the expense of the bottom line (the taxpayer can pick up tab!)<br /><br />I expect larger numbers of people to have lost ownership of their houses, but less to have been repossessed and evicted, than in the 90s. A less cruel system, but one that will still have massive social and economic effects. Most of which lie ahead, whatever the 'green shoot' brigade think.sobersnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-69686984848025405622009-05-15T19:31:00.000+01:002009-05-15T19:31:00.000+01:00A tsumani of repossessions is about to hit the UK,...A tsumani of repossessions is about to hit the UK, esp. btl. Just wait.Joshnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-79843601778759334612009-05-15T18:55:00.000+01:002009-05-15T18:55:00.000+01:00Eyeballing the chart, 2008 looks like the third hi...Eyeballing the chart, 2008 looks like the third highest since 1987.Anonymousnoreply@blogger.com