UK House Prices Will Hit "All Time High" by 2015

kbrumann

The Bank of England (as well as the Federal Reserve) has kept interest rates far too low for the past fifteen years. They are responsible for the house price bubble and largely for the mess we are in now. Because of the mess they will continue to keep interest rates well below the rate of inflation until the economy rebounces .... .... Most people on this list will understand that this will cause the Pound Sterling to drop further against the Euro (not that the Daily Mail would loose much thought about that) and house prices in GBP to rise. But remember that the British Pound is an inflationary currency.

House prices have dropped much more if measured against hard currency, and they are unlikely to rise much after accounting for inflation.

FATBALLZ

Quite interesting that if you look at the worst rated comments on the site, you see 4 or 5 of the typical "yeah loads of money for me, this is great" comments, and then this one

Well, if that is even a possibility, then Government will need to respond to that threat by granting an absolute presumption in favour of planning permission on land for residential development. That'll deal with any problem of housing shortage, and keep house prices in check at a stroke.

So high prices are unpopular, but so is housebuilding. This is why I would never want to work in government, voters are idiots.

J_i_m

Loughton_Monkey wrote: »

Does anyone know what sort of salary this Daily Mail so-called 'journalist' is on?

£:too much.