UK house prices hold the key to economic recovery

stevetodd

MrFonzerelli wrote: »

We want the part nationalized (or guaranteed toxic) assets to be worth as much as possible. So we are still somewhat defendant on a US house price recovery.

Yes I fully agree of course we, do but I was addressing the downside as brought up in the linked article the OP

mewbie_2

WFT? wrote: »

rubbish...

It's amazing how quickly a person with little to offer shows their true colours.

MrFonzerelli

stevetodd wrote: »

Yes I fully agree of course we, do but I was addressing the downside as brought up in the linked article the OP

I probably should have read the article.

michaels

penguine wrote: »

From The Guardian:



The article states that as soon as the US housing market shows signs of recovery, that's when we can start to expect it here -- but that's now looking unlikely before 2010 at the earliest.

I theorised this when the govt was first starting to splash the cash in October last year and suggested a set of measures to stabilise house prices but the govt ended up spending the money on the VAT cut.

Cat695

hearts wrote: »

The trouble is a lot of people on here got what they wished for with no thought of the consequences.

so its better for everyone to be in debt just so you can feel good about how expensive your house is....there really are some muppets on here


its because houses are to expensive forcing people to be massively in debt that caused this problem...jesus

bigheadxx

Cat695 wrote: »

so its better for everyone to be in debt just so you can feel good about how expensive your house is....there really are some muppets on here


its because houses are to expensive forcing people to be massively in debt that caused this problem...jesus

And a lot of people have borrowed against the rising value of their house and spent it on goods and services that add no value to their own wealth or the economy. New cars and exotic holidays are in reality beyond the reach of people on average incomes so anybody who has splashed the cash for the last ten years has got no business in moaning about the current situation. Basically you bought into a lifestyle that was beyond your means and we will all have to pay for it for a very long time.

Cat695

bigheadxx wrote: »

And a lot of people have borrowed against the rising value of their house and spent it on goods and services that add no value to their own wealth or the economy. New cars and exotic holidays are in reality beyond the reach of people on average incomes so anybody who has splashed the cash for the last ten years has got no business in moaning about the current situation. Basically you bought into a lifestyle that was beyond your means and we will all have to pay for it for a very long time.

is this aimed at me?? because if it is I think you have me mistaken for someone else