UK house prices: history suggests it won't be until 2016 that they recover to pre-boo

HammerSmashedFace

chucky wrote: »

Employment rate at 92%
Base rate at 0.5%
Inflation at 2.9%

Fundamentals look fine to me ;)

I agree, the only problem is, all of these figures are going to get worse, and it could be argued that they are only where they are now due to unsustainable policies, interesting economic times are ahead regardless of what side of the fence you sit on.

If we look at unemployment, say at 90% it still looks good, but in the 80's this was reported as 'I am a 1 in 10'.... bring out the old UB40 record. The figure at the moment is only 2% above that. And again it could be argued that the quality of job back then was much better than today (coal, steel, manufacturing) compared to now (Macca's, KFC, supermarket shelf stacker etc, which there are far more of today).

HammerSmashedFace

Really2 wrote: »

Are you there AD?????

Are you there??????

HSF stirs and in a different voice and mutters something about "peak oil" :D

I lol'd.... funny one mate.

Bootski

ad9898 wrote: »

We all know that pre-boom levels will take a decade or so, but an interesting article nonetheless.



I think the message is keep saving for a smaller mortgage. There is plenty of time yet.

http://www.telegraph.co.uk/finance/financetopics/recession/5823728/UK-house-prices-history-suggests-it-wont-be-until-2016-that-they-recover-to-pre-boom-level.html

Boo! Boo! Boo! Tread VERY VERY carefully folks. IF petrol prices rices, you're probably screwed and will have to hang up your hats:eek:

crazygaijin

HammerSmashedFace wrote: »

I agree, the only problem is, all of these figures are going to get worse, and it could be argued that they are only where they are now due to unsustainable policies, interesting economic times are ahead regardless of what side of the fence you sit on.

If we look at unemployment, say at 90% it still looks good, but in the 80's this was reported as 'I am a 1 in 10'.... bring out the old UB40 record. The figure at the moment is only 2% above that. And again it could be argued that the quality of job back then was much better than today (coal, steel, manufacturing) compared to now (Macca's, KFC, supermarket shelf stacker etc, which there are far more of today).

We all know the frog story

You take the frog & put it in a pot of water. You put pot on stove, slowly the water comes up to temperature.

Frog comes up to temperature along with water and before it realizes there's anything wrong - He's COOKED - We ALL better get our head out the SAND