Thursday, Apr 26, 2007
Only just rising - Don't raise rates please
BBC: House price growth 'strengthens'
House price growth picked up again in April, the latest figures from Nationwide building society show.
Posted by holding out @ 08:54 AM (181 views) Add Comment
4 Comments
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1. Whiteknight said...
It would be amusing if a minimum of 20 years of this countries future wasn't being flushed down the toilet. Probably more.
Who left the current bunch of muppets in charge?
In defence of currency....
2. dohousescrashinthewoods said...
I'll be interested to see the FT index. Nationwide et. al. have prety flighty figures.
Tends to give a good headline until the "real" figures (FT, Land Reg) come out.
3. p. o. o. r said...
"Yet Nationwide cautioned against pushing rates up to 6% and beyond, as it fears this could destabilise the property market"
OK Mr Nationwide - I am sure that the MPC are going to listen - Merv "inflation is up lads, and we need to do something about it, however we must not put interest rates up because this could destabilise the property market" - Let me think are they going to be worrying about house prices or are they going to focus on ensuring that Inflation does not go up any further?
Destabilise the houing market - OK a few to a lot of people will suffer - but there are a hell of a lot of people who will also benefit. Property is just like the stock it can go up as well as down, and who believes otherwise needs their head examined.
4. Scott said...
With prices still rising and inflation, the MPC have no choice.