Sunday, Jun 10, 2007
Where is the market going?
Scottsman: Rates remain steady but housing market looks shaky
Good little article only because it asks questions about the governments plans to tackle the housing market and first time buyers. Given their recent efforts with HIPS they are sure to be a laughing stock again, especially if they put their top trouble shooter on the case, Ruth Kelly.........
Posted by speculatorone @ 08:59 AM (321 views) Add Comment
2 Comments
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1. Scott said...
If the govt does not address this growing issue, the far right parties like the BNP will gain more support. Their numbers have grown considerably in the past 5 years. The BNP are accused of getting hate votes, people only voting for them out of hatred for the current government, but isn't this how labour got into power in 1997? It is not a crime to want affordable housing. Perhaps this is what it will take in the end.
2. confused76 said...
"By not raising interest rates now, the Bank risks having to push rates to 6% by the end of the year," it says in its response to the decision to keep rates where they are - even though it's willing to acknowledge that "further evidence of a slowing housing market is now clear for all to see" "Landlords are supposed to be in it for the long term. If they start selling up, the general faith in the invincibility of the property market could take a serious knock"
Houston we have a problem:
http://www.reuters.com/article/GlobalEnergy07/idUSN0819268120070608
Rising global interest rates shut off easy money