Tuesday, Jun 20, 2006
Moneyweek writer questions London`s ability to 'go it alone'
Firstrung: Will a London boom save the UK property market?
Apparently "the mini-boom in prices continues to be led by the south of the country" where the average annual rise has now reached 9.4%. Sounds impressive, eh? Well, perhaps - until you look under the bonnet...
Posted by Converted Lurker @ 10:52 AM (187 views) Add Comment
4 Comments
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1. tyrellcorporation said...
Hey guys, hows about we start playing the same little game that the VIs like to play. Much the same way the VIs start to say things like 'we expect the market to cool off and become sustainable later in the year', I think at every opportunity we should all start to talk up the market precipitate a crash that way. I think EAs and lenders realise they are walking a tightrope and just want the market to brim along with the tank always full. They routinely put out some cautionary spin when things start to overheat...
They are playing a shrewd game of controlling the market through press releases and spin and the media are only too happy to help out!
2. Sebastian said...
Save it from what? Sanity?
3. inbreda said...
tyrellcorp, there's mileage in what you say, although I don't think it's about precipitating a crash so much as just balancing the bias diatribe the VIs spout.
To be fair, the HPC webmaster would be the best person to release the information - perhaps along with firstrung. Really, the CML press releases just need to be more fairly interpreted and fired off to all lazy journalists.
Some level has already been done. HPC has had some exposure. They'd have a lot more if they pushed some more interesting articles (the exact opposite of how it currently operates by sucking articles from lots of other sources).
4. harold said...
By showing that things are far from rosy out there, this good article blows the cover of the mortgage industry. Will the sound reasoning of this article find its way onto the BBC website, however... don't hold your breath.