London Has Peaked

Bubble_and_Squeak

brit1234 wrote: »

Every thing points to a downturn round the election, either just before or just after. Can there be any more stimulus to try and stop this? Surely a drop in interest rates to 0.25% would not be allowed before the election to prevent view of bias.

yes! there are plenty of ways to prop up house prices
but
we're too close to an election which is too close to call.
even if there was enough time to implement more props why would they want to keep house prices high for a labour government?
looks like HPI may become the sacrificial lamb.

Crashy_Time

Bubble_and_Squeak wrote: »

think of the money you'll save in rent!

Yes, millions probably ...:T

ukcarper

Crashy_Time wrote: »

Yes, millions probably ...:T

Perhaps not millions but probably about £17k a year in bubbles area.

Bubble_and_Squeak

ukcarper wrote: »

Perhaps not millions but probably about £17k a year in bubbles area.

£10,500 all in

ukcarper

Bubble_and_Squeak wrote: »

£10,500 all in

I take from that you are not in a 2 bed house.

caronoel

:cool:

brit1234 wrote: »

Every thing points to a downturn round the election, either just before or just after. Can there be any more stimulus to try and stop this? Surely a drop in interest rates to 0.25% would not be allowed before the election to prevent view of bias.

Welcome back brit.

We have missed your searing insight.

How big would that downturn "round the election" be?

As much as 50% by Christmas 2009?

Bubble_and_Squeak

ukcarper wrote: »

I take from that you are not in a 2 bed house.

a two bed house on the street i live in would have set you back £500,000 when people were buying

ukcarper

Bubble_and_Squeak wrote: »

a two bed house on the street i live in would have set you back £500,000 when people were buying

W?hat type of property are you in?

Bubble_and_Squeak

ukcarper wrote: »

W?hat type of property are you in?

a studio flat

rfowler

Bubble_and_Squeak wrote: »

a studio flat

What part of London do you live?