Poll: Would the economy be better if house prices had crash earlier.

geneer

Simple poll.

Would the economy (and so the majority of UK residents) be better if house prices had crashed in 2004/2005?

geneer

Yes

Simple question. Can't beleive you don't have an opinion.

Though naturally I didn't expect the bulls to have much to say on this one.

Percy1983

Yes

Easily, lessor mortgages so many people having more money to pump back in the economy.

Pimperne1

Bit of an unknowable however I am sure you would have been much better off (and the predictions of Merryn, Jonathan et al would have proven accurate - damn that one off pesky 0.25% interest rate reduction).

geneer

Yes

Pimperne1 wrote: »

Bit of an unknowable however I am sure you would have been much better off (and the predictions of Merryn, Jonathan et al would have proven accurate - damn that one off pesky 0.25% interest rate reduction).

Not really pimps.

Its most certainly the case that had the banks not thrown out the rule book and pushed the system beyond breaking point in the years 2004 to 2007, things would be much better for the majority now.

MrRee_2

No

It had nowt to do with house prices .... they were simply a symptom of easy credit ...... should credit only have been forwarded to the credit worthy? That should be the question I feel.

tescobabe69

No

Sadly I'm still waiting for the crash.
I may be waiting some time, by crash I mean 30% from now.

Thrugelmir

geneer wrote: »

Simple poll.

Would the economy (and so the majority of UK residents) be better if house prices had crashed in 2004/2005?

Not a question of crashing. More of if they hadn't of risen further from 2004 onwards.

Pimperne1

tescobabe69 wrote: »

Sadly I'm still waiting for the crash.
I may be waiting some time, by crash I mean 30% from now.

Don't be too hard on yourself, some people are still waiting for 30%+ drops since 2004.

MrRee_2

No

tescobabe69 wrote: »

Sadly I'm still waiting for the crash.
I may be waiting some time, by crash I mean 30% from now.

We've all being waiting for it to happen.

Truth is, I don't think it is ever going to happen - we have had the biggest world crisis in the history of mankind and now look over the edge of another abyss ..................... and all that property prices do is drop a pathetic 0.1% a month! That drop is lost in the noise of statistics so cannot be relied upon either!

The time comes, eventually, to lift off the brake of ones life and move forward ......

Linton

Its a silly question.

The economy drives house prices not the other way round. So if house prices had crashed the economy would have been in a worse situation than it was, otherwise house prices wouldnt have crashed.