BBC: Farewell to housing boom and bust?

poppy10_2

Are rapid rises in house prices a thing of the past?

A clutch of recent data suggests the UK property boom is cooling.
One well-known economist believes that house buyers have now seen the last of rapid rises and falls in prices.

Roger Bootle, economic advisor to Deloitte & Touche, says house prices will now rise between 4% and 5% annually, slightly higher than the general level of prices. "The end of the boom and bust in the housing market will help to bring greater stability in the economy as a whole. After all the ups and downs of the past 25 years that would be a major prize to have won," he added.

Merrill Lynch's Michael Taylor said: "The lessons of the housing market boom and bust do appear to have been learnt ... double digit house price inflation does appear to be in the past."

http://news.bbc.co.uk/1/hi/business/865909.stm
:rotfl::rotfl::rotfl::T

meanmachine_2

Bootle is like David Smith and all the rest - clueless numpties who get away with one wrong "prediction" after another because "journalists" are too lazy to check their history.

WTF?_2

poppy10 wrote: »

http://news.bbc.co.uk/1/hi/business/865909.stm
:rotfl::rotfl::rotfl::T

Bear in mind that 'corrections' were looming in 2001, 2003 and 2005. All put off by loosening economic policy that bit more or cutting interest rates to keep the party going. And of course when things were overheating the authorities looked the other way.

Now it's reached the point where it's too big to stop.

poppy10_2

!!!!!!? wrote: »

Bear in mind that 'corrections' were looming in 2001, 2003 and 2005.

This time it's different...

It's a shame that this was known about since 2000, and noone did anything to stop it.

tomstickland

This time it's different, it's because the UK is a finite size, unlike other countries (which are infinite).

The government are probably cacking themselves about a house price crash, because they'll be blamed for it. Look out for them trying to blame "the global economy". Pleading with the banks to lower their rates is quite amusing too.
Don't worry, our money will be used too as the desperation to retain the voters builds. After 10 years in government they can't blame the tories too easily.

This is the best entertainment I've had for a long while. It's sad that many people I know, and myself, will suffer too. Then again, about half of my friends have not bought anything yet, so hopefully they'll benefit.

nelly_2

Its time we outsourced our government.

I vote we let Norway run us.

You never EVER hear of anything bad coming from norway

I mean.. we had sven running the national team and rather well he did too certainly better than turnip or keegan so lets let some vikings have a pop at downing street

snoopy78

nelly wrote: »

Its time we outsourced our government.

I vote we let Norway run us.

You never EVER hear of anything bad coming from norway

I mean.. we had sven running the national team and rather well he did too certainly better than turnip or keegan so lets let some vikings have a pop at downing street

The greedy British people would not like Norway to run the country as they may have to pay more taxes to help those less well off.

Capricorn_One

nelly wrote: »

Its time we outsourced our government.

I vote we let Norway run us.

You never EVER hear of anything bad coming from norway

I mean.. we had sven running the national team and rather well he did too certainly better than turnip or keegan so lets let some vikings have a pop at downing street

"Maggie Thatcher Your Boys Took A Hell Of A Beating!"

http://uk.youtube.com/watch?v=PqZTP8-8wIs

purple12

nelly wrote: »

You never EVER hear of anything bad coming from norway

I mean.. we had sven running the national team and rather well he did too certainly better than turnip or keegan so lets let some vikings have a pop at downing street

Except Sven's Swedish )

scope

Although Norway is a great country to live in:

* Maternity leave for a year full pay
* 60% of your salary when you get made redundant
* Far higher child benefit,etc, for everybody, not just those too lazy to get off their backside.

However, this all have to come from somewhere, and like Snoopy78 said they do pay higher taxes over there..

On the other hand they COULD afford to drop taxes and still maintain the standard due to all the oil.. But they know this will come to an end soon, so they save the money in a massive fund for future generations.

ianmr65

scope wrote: »

Although Norway is a great country to live in:

* Maternity leave for a year full pay
* 60% of your salary when you get made redundant
* Far higher child benefit,etc, for everybody, not just those too lazy to get off their backside.

However, this all have to come from somewhere, and like Snoopy78 said they do pay higher taxes over there..

On the other hand they COULD afford to drop taxes and still maintain the standard due to all the oil.. But they know this will come to an end soon, so they save the money in a massive fund for future generations.

Don't forget that prices, and the Standard of living are far higher over there too. + £9 for a pint!!