Comments on: Housing Minister Urges Repossessions

By: North, but not Scotland

North, but not Scotland — Fri, 12 Feb 2010 10:46:29 +0000

I’m surprised that the number of repo’s is not higher. The Banks must know that the real property crash hasn’t happend yet, so they will lose least by repossesing now. Surely the Banks don’t believe the taxpayer will bale them out again, do they?

By: AbleTheSpaceMonkey

AbleTheSpaceMonkey — Fri, 12 Feb 2010 09:09:53 +0000

If house prices are set to decline to a trough of 2.5-3x earnings then its best for the defaulting borrower and bank to quit sooner rather than later, and take advantage of the dead cat bounce.
We own the banks, they lend money to Kraft foods for British job uncreation, and the Carbon taxes pay Indians to shut our steel plants and rebuild them at home.
Because it’s the right thing to do.

By: Anonymous

Anonymous — Fri, 12 Feb 2010 03:53:44 +0000

A significant number of the repos are empty properties from amateur buy2let landlords and new build “investors” – perhaps CML should break the numbers down so we can see how many familes are made homeless.

By: goto100

goto100 — Fri, 12 Feb 2010 01:34:06 +0000

I just want to make it absolutley clear that whilst Geoff Hoon will be standing down as an MP at the next election, he will retain his position as a right honorable, weapons-grade Hunt.

By: Anonymous

Anonymous — Fri, 12 Feb 2010 00:48:09 +0000

When it all went tits up, we should have bailed out the country, not the banks, those banks that failed let them fail, wiped out everyones debts, credit cards, business loans and mortgages.
People would have had more money each month, they would have spent it and so stimulated the economy, thats how u know Parliament works for the International bankers, not us.

Reflections and Warnings

By: evil son of the manse

evil son of the manse — Thu, 11 Feb 2010 18:05:24 +0000

Buying and selling houses to each other is a wonderful way to ensure properity for all forever, Praise Gordon!

By: evil son of the manse

evil son of the manse — Thu, 11 Feb 2010 18:00:43 +0000

yup, fuck ups what we do best.

By: Seethingatthecrapsomeofyoulotpost

Seethingatthecrapsomeofyoulotpost — Thu, 11 Feb 2010 18:00:43 +0000

What a bunch of tossers some of you lot are.

I deal with people who’ve lost everything because of illness, redundancy etc & when they lose their home it’s not helpful it’s devastating. They never recover because of this blight on their status it effects them for many many years to come

Also to ad insult to injury if you don’t have kids the local authority won’t rehouse you because not paying your mortgage is considered a ‘intentionally making yourself homeless

Additional all this help that labour & their acolytes bang on about exists in name only

By: jgm2

jgm2 — Thu, 11 Feb 2010 18:00:20 +0000

Nothing to stop you doing that except it’s illegal. But in practical terms as long as you got down to the polling station before the actual registered voter and swapped your jacket often enough so you weren’t immediately recognised as the bloke who voted five minutes ago then it’s do-able.

I think Labour prefer registering entire tower-blocks and old people’s homes for proxy votes though.

And it’s legal. Ish.

By: Seething at the crap some ofyoulotpost

Seething at the crap some ofyoulotpost — Thu, 11 Feb 2010 17:59:31 +0000

What a bunch of tossers some of you lot are.

Also to ad insult to injury if you don’t have kids the local authority won’t rehouse you because not paying your mortgage is considered a ‘intentionally making yourself homeless

Additional all this help that labour & their acolytes bang on about exists in name only