Daily Mail - you can't beat it

koexelek

If the Daily Mail are not fueling the fires of the credit crunch, they are trying to convince us that Jonathan Ross is the antichrist :rolleyes:

jamesd

Shame it's only a 76% fall forecast, though. Seeing a bit more, back below 2000-2001 prices, would be nice. Doesn't seem very likely with the government throwing saver's interest at mortgage borrowers to cut their costs and money at mortgage lenders to encourage them to lend more, though.

The bit about the price of the average home falling from £160k now to below £100k and that it should be £96k is interesting. There's already a house in my street asking about the same price as a half house flat sold for eight months ago.

wombat42_2

StevieJ wrote: »

I take it they were at it with commodities as well

Not on the same scale as the general population werent into commodities. Anyway the long term fundamentals for commodities are exellent. It is a much more worthwhile asset class as far more needs to be invested in commodities to save the planet. On the other hand inflationary property prices doesnt achieve anything useful.

StevieJ

wombat42 wrote: »

Not on the same scale as the general population werent into commodities. Anyway the long term fundamentals for commodities are exellent. It is a much more worthwhile asset class as far more needs to be invested in commodities to save the planet. On the other hand inflationary property prices doesnt achieve anything useful.

Higher commodities = Higher inflation.

ukmike

StevieJ wrote: »

But you can beat an egg

You'll go blind though;)

wombat42_2

StevieJ wrote: »

Higher commodities = Higher inflation.

Higher commodity prices is a mixed blessing. It is certainly good for the economies that produce commodities, not so good for those that import them. The way the system works is that the necessary investment into commodities and alternative energy sources only tends to happen if commodity prices are high. It would be better if governments subsidised commodity investments much more than they currently do so the necessary investment happens with low commodity prices.

roddydogs

Notice the word "Could"----The "Could" also go up.........about as useful as reports that say "May" do this or that............

wombat42_2

roddydogs wrote: »

Notice the word "Could"----The "Could" also go up.........about as useful as reports that say "May" do this or that............

Nobody has crystal ball

StevieJ

ukmike wrote: »

You'll go blind though;)

The old ones are the best