TV Property Rampers lose minds on Radio

tomstickland

Krusty has just said that prices have barely fallen at all.
Now Kristian is saying that FTB should buy because prices have come down.

"how can you predict something that has not happened?" Oh that is funny.

It sounds like a surreal comedy show.

Snarf999

brit1234 wrote: »

Sorry but you forget that people have to raise deposits, it can't be done over night. Higher costs, unemployment, 4 day weeks make that harder. There will be years of stagnation followed by small rises. There simply isn't enough international credit to allow them to rapidly rise.

I don't expect prices to rise rapidly, nor do I expect them to stagnate for years. I suspect a few people may jump on the housing ladder now that interest rates are low (those that have already saved deposits and are now seeing that their savings aren't getting any interest). My opinion is that things may well turn around in 2010. There are always optimists and cynics, most of the predictions lie between around 20% and 35% drops in total before recovery starts in the 2010-2011 time period, of course there could be some large regional variations.

I think we'll see over the next few months whether the Government's rescue packet for some of the banks is working or not. I agree though that these property "moguls" don't necessarily help things by offering the "advice" that they are giving.

Anyway I think we'll have to agree to disagree

tomstickland

Onto the caller from Plymouth now. Earns £16K, houses are £150K, asking what planet Krusty and Krustian are on.
This has gone from funny to painful now.