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Debate House Prices


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America 29% v UK 20% .....be very careful !

bing0
bing0 Posts: 451 Forumite
Part of the Furniture Combo Breaker
in Debate House Prices & the Economy
As in the past,its been quoted that the UK economy follows in line with the US economy.

If this is so,I believe we still have some way to go.There may be some upward trend in buying activity reported recently,but how does the economy as a whole stand ?

Exports are down a massive amount,unemployment is up by a large amount,the countries debt is up a fraction (joke),pay increases are rare,and if anything,workers hours are being capped.

Food prices are up on a 12 month period,as are utility bills and so on and so on.......

There seems to be a messege in all of this:

Be very careful with your money......if you have any that is !
"Do not let what you can't do interfere with what you can do."
«13456

Comments

  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    US mortgage situation was massively worse than ours
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • pioneer
    pioneer Posts: 269 Forumite
    Part of the Furniture 100 Posts Photogenic
    Joeskeppi wrote: »
    US mortgage situation was massively worse than ours


    Still didn't stop our interest rates falling to nigh on theirs though did it ?
    "Didn't I try to Warn them I said !"
    David Essex War of the Worlds.
    "Thats Ancient History, Been There! Done That!" Hercules
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    whats 29% and what's 20%?

    if you're comparing the two countries then give us the figures...

    otherwise makes no sense.
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    bing0 wrote: »
    As in the past,its been quoted that the UK economy follows in line with the US economy.
    Exactly. The worst for the UK economy has yet to come.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • luvpump
    luvpump Posts: 1,621 Forumite
    Part of the Furniture Combo Breaker
    Joeskeppi wrote: »
    US mortgage situation was massively worse than ours
    Denial ;)
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 20 April 2009 at 11:01PM
    Actually, the office where I used to work are seeing INCREASED exports and DECREASED imports.......which is a begger as I am an import bod.

    Something which is seemingly common amongst the other shipping lines too.
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
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  • Degenerate
    Degenerate Posts: 2,166 Forumite
    SingleSue wrote: »
    Actually, the office where I used to work are seeing INCREASED exports and DECREASED imports.......which is a begger as I am an import bod.

    Something which is seemingly common amongst the other shipping lines too.

    Yep, that's our wonderful, independent, devalued Sterling working for us exactly as it should. The UK now has one of the most competitive economies in Europe.
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    Degenerate wrote: »
    Yep, that's our wonderful, independent, devalued Sterling working for us exactly as it should. The UK now has one of the most competitive economies in Europe.


    Until other currencies devalue.
    Not Again
  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    Is that why we still import around £3,000,000,000 than we export every month..?
  • bing0
    bing0 Posts: 451 Forumite
    Part of the Furniture Combo Breaker
    CLAPTON wrote: »
    whats 29% and what's 20%?

    if you're comparing the two countries then give us the figures...

    otherwise makes no sense.

    A reported 29% drop in property prices from their highest selling point in the US

    At present a reported 20% drop in property prices from their highest selling point in the UK.

    Hope this makes it clearer for you CLAPTON :rolleyes:
    "Do not let what you can't do interfere with what you can do."
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