QUOTE (Financial Planner @ Jul 4 2008, 02:33 PM)

If there are ever any 'impartial' economists spouting sh1te, I'll get stuck in. VIs are to be expected and the viewers take with large salt pinches. But not the 'impartial' ones.
Indeed. When I heard the others anounced last night I though great we have an economist who clearly must know the score. Very wrong.
What really annoys me about Scotland is the constant referel to the fact Scotland has '
traditionally' had no boom and bust or peaks and troughs like England - So therefore we won't have the same bust that England is having.
(This impartial 'expert' was spouting this last night)That would make sense except we have just had a massive boom in Scotland !!!
For years they have been telling everyone that
'Scotland property market is booming',
'Edinburgh is now the 5th most expensive place to live in the UK', 'Irvine is the property hotspot for entire UK in 2006' etc...
Now they are trying to tell us that this boom never actually happened - so no need to worry about a bust !! It is ridiculous. !!
Many have this notion that Scotland is in some way still 'affordable'. There seems to be this viewpoint that everyone in England has to pay Chelsea, 500k, prices for small one bed flats. The reality is that many places in Scotland (Glasgow, Edinburgh, Aberdeen, Ayrshire) are some of the most overvalued in the entire UK. Many places in England are far mroe affordable than many parts of Scotland.
This Scottish delusion must end !!
PS - I am from Edinburgh so I hear this drivel all the time. Cracks are finally showing through however....