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Property market falling into a coma

macaque_2
macaque_2 Posts: 2,439 Forumite
in Debate House Prices & the Economy
Despite 1/2% interest rates and enough spin to wrap Nelson's column, the property market is dying by the month.
The number of new mortgages being approved for house buyers has fallen for the sixth month in a row, Bank of England figures show.

http://www.bbc.co.uk/news/business-11862428

And the public sector layoffs, housing benefit cuts and interest rate rises have not even started!

I really wonder what planet the bulls are on. I can only hope they wear bright yellow jackets when crossing the road.
«13

Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    macaque wrote: »
    I really wonder what planet the bulls are on. I can only hope they wear bright yellow jackets when crossing the road.

    I think it's time we bought some maturity to the forum...

    la_la_la_i_cant_hear_you_trollcat-e1280290521584.jpg
  • Blacklight
    Blacklight Posts: 1,565 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    That's about as useful as posting a third thread on the same subject Graham so go ahead... well it's bad news, we need to try and manipulate the opinion of the masses that read this forum don't we.

    Try a Facebook club, you can give out badges and hats.
  • DervProf
    DervProf Posts: 4,035 Forumite
    macaque wrote: »
    Despite 1/2% interest rates and enough spin to wrap Nelson's column, the property market is dying by the month.

    Don`t forget the anti-spin.

    BBC Teletext today - LR figures demoted to half way down the second page. Had it been a rise, it would have been on the first page, probably first or second item.

    I don`t know if the LR figures were mentioned on the news, as I didn`t watch it.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Blacklight wrote: »
    That's about as useful as posting a third thread on the same subject Graham so go ahead... well it's bad news, we need to try and manipulate the opinion of the masses that read this forum don't we.

    Try a Facebook club, you can give out badges and hats.

    There is a bitter kitty picture, I can post that one if you like? :p
  • smeagold
    smeagold Posts: 1,429 Forumite
    Blacklight wrote: »
    That's about as useful as posting a third thread on the same subject Graham so go ahead... well it's bad news, we need to try and manipulate the opinion of the masses that read this forum don't we.

    Try a Facebook club, you can give out badges and hats.

    Not useful but funny and quite appropriate
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    DervProf wrote: »
    Don`t forget the anti-spin.

    BBC Teletext today - LR figures demoted to half way down the second page. Had it been a rise, it would have been on the first page, probably first or second item.

    I don`t know if the LR figures were mentioned on the news, as I didn`t watch it.

    LR = Deja Vu, although they are more accurate they are reflecting the situation 3 months ago as told by Haliwide. I like the way you try to promote the drops at the double :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    StevieJ wrote: »
    LR = Deja Vu, although they are more accurate they are reflecting the situation 3 months ago as told by Haliwide. I like the way you try to promote the drops at the double :)

    Do they ignore the nationwide and cash sales then?

    You learn something new every day!!
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    Haliwide... Halifax Nationwide
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Joeskeppi wrote: »
    Haliwide... Halifax Nationwide
    :o

    You really DO learn something new each day.
  • DervProf
    DervProf Posts: 4,035 Forumite
    StevieJ wrote: »
    LR = Deja Vu, although they are more accurate they are reflecting the situation 3 months ago as told by Haliwide. I like the way you try to promote the drops at the double :)

    I aim to please.

    However, I`m not "promoting" anything. Just pointing out a couple of facts. I don`t do this very often, unlike certain bulls on this site. And I don`t "celebrate" like certain bulls do, ie. :beer:.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
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