Sunday Times - Government already worrying about the next housing boom

baby_boomer

Remember this from September 2008?

Gordon & Hazel welcome homeowners who have bought using a government incentive scheme

I wonder what these lucky people are thinking now.

There's a You-Tube link to Hazel further down the article.

luvpump

amcluesent wrote: »

Do you have to mentally !!!!!! to be allowed to join Labour?

It would appear so, or live in a differant world to the rest of us !! Not unlike the "Baroness" & her "Green shoots" the other day .

tirano

Comment on the Times Report

Margaret Beckett: such a gem. As wise as she is beautiful.

lynzpower

There's a You-Tube link to Hazel further down the article.

No thanks, Ive seen quite enough of this imbecilic fishwife to last a lifetime thanks all the same.

whathavewedone

Most people do believe what the government says. I know some people that I would generally regard as inteligent who are believing what the government is saying.

It won't alter the fact that it's nigh on impossible to get a mortgage at the moment though and most cash buyers, especially STRs are considerably more savvy and are therefore unlikely to be swayed by what the government says.

FTBs who've come into an inheritance which means they can put down a hefty deposit might be tempted to buy on the strength of this (and the fact that their savings will not be making much interest etc) but I hardly think that such a small section of the population will be capable of creating another boom.

No, much as I don't want to end up in negative equity, all the signs are pointing towards further house price falls for another year at least, followed by a period of stagnation, followed by modest rises and then perhaps another boom after that. Not that I have a crystal ball or anything but I think it's reasonable to assume that this recession will broadly follow the pattern of previous ones.

Gorgeous_George

Any positive talk on any subject will be shot down in flames by the British. We like to be miserable.

In our democracy the majority of people are anti-Government - whoever is in power.

GG

RomansProperties

There is going to be a shortage of housing though.
There has been the wrong types of houses built over the last few years.
Families dont want to live in City Centre Flats.
Building has almost ground to a halt, we are miles behind the targets the government set.

Generali

baby_boomer wrote: »

Margaret Becket has completely lost her marbles.



This sounds more like a boom than an upturn, WT.

"....when the up-turn comes, there will probably be a mad rush..."

Has our housing minister not studied the aftermath of previous downturns in the housing market?

But that's almost not the worst thing about her comments.

She admits her "anecdotal evidence" comes from Estate Agents :rotfl:

Critical thinking, Margaret? But then, the government has even more of a vested interest in an upturn than our EA friends whose businesses are about to go under.

You'd think a metallurgist would understand the difference between anecdote and evidence. Apparently not.

WTF?_2

whathavewedone wrote: »

Most people do believe what the government says. I know some people that I would generally regard as inteligent who are believing what the government is saying.

I detect that cynicism with what the government spews is on the rise.

During the good times people got lazy and didn't ask questions or think for themselves too much. Therefore the mechanisms behind the boom - silly amounts of lending - were never questioned or even hailed as a sign of strength and economic prowess.

The rapidly swelling impact of the economic tsunami however seems to be waking a few people up and they are finally starting to ask questions.

WTF?_2

RomansProperties wrote: »

There is going to be a shortage of housing though.
There has been the wrong types of houses built over the last few years.
Families dont want to live in City Centre Flats.
Building has almost ground to a halt, we are miles behind the targets the government set.

Quite true - but also possible that many people will be forced to adjust their expectations in line with the new economic reality and make do with less than optimal housing.