From: "Chris X" 
Newsgroups: uk.politics.misc alt.politics.british uk.finance
Subject: Re: King sounds warning over economy. House prices overvalued and bankrupcies risk becoming large social problem.
Date: Wed, 10 May 2006 21:58:20 +0100
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"abelard"  wrote in message 
news:tlk4625qa1ek0e001o8nn143m0sgfhh9mh@4ax.com...
> On Wed, 10 May 2006 18:22:21 +0100, "Chris X" 
>
>  typed:
>>
>>"Chris.S"  wrote in message
>>news:44621ed9$0$9267$ed2619ec@ptn-nntp-reader01.plus.net...
>>>
>>> "Chris X"  wrote in message
>>> news:KM2dnQQUdNjxgf_ZRVnysA@giganews.com...
>>>>
>>>> "Chris.S"  wrote in message
>>>> news:446219dc$0$9230$ed2619ec@ptn-nntp-reader01.plus.net...
>>>> >
>>>> >  wrote in message
>>>> > news:1147279044.322941.276950@u72g2000cwu.googlegroups.com...
>>>> >> Chris.S wrote:
>>>> >> > A house is worth what someone will pay for it.
>>>> >>
>>>> >> No. A house is worth _what a bank will lend someone_ to pay for it.
>>>> >
>>>> > Wrong.
>>>> > A house is worth what you are willing to pay for it, you then may or
>>>> > may
>>>> > not
>>>> > need to go to a bank where they may or may not agree to give you the
>>>> > money.
>>>> > Whether a bank gives you money says nothing regarding the worth of 
>>>> > the
>>>> > house
>>>> > but more about your credit risk.
>>>>
>>>> Slimey, the point he's making is that fewer and fewer people are
>>>> *earning*
>>>> enough to be considered by the banks for a mortgage on a half-decent
>>>> property.
>>>
>>> Exley,
>>
>>Who ?  I might remind you to watch what you say here, Slimey.
>>
>>> in that case the market will adjust itself, it's called market forces
>>> something alien to the BNP I know.
>>
>>LOL !  Slimey the arch-capitalist !
>
> what's the bollix n prick's 'policy' rabbit? price controls?

Oh Christ - Fraudy's seeking allies .... "Apply Within" !