Friday, Jan 12, 2007
House price inflation? It's history in this cycle
Firstrung: Firstrung - the day house price inflation died
"It is far too early to celebrate, after all the rate rise is a defence mechanism versus the mismanagement of the economy in allowing a run on printing money to obscene levels at a time when interest rates were far too low for too long. The effect has been a rise in asset prices due to speculation, which has in turn caused misery to a generation of priced out first time buyers".
Posted by converted lurker @ 10:29 AM (307 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.