Friday, Apr 18, 2008
Sensible words in the Times (unbelievable!)
Times: Scandal of luring first-time buyers
"the problem is not global. It's British. House prices in Britain, at six times average earnings (ACTUALLY IS 10!!) are too high. That's it. We all know that, we've known it for years. Property prices are nonsensical, exorbitant, unaffordable, immorally inflated by investors and a shortage of available land space to build new homes, exploited by a greedy City" but how about affordability, new economy, immigrants, divorces, the students and the ever falling interest rates!
Posted by confused76 @ 05:23 PM (819 views) Add Comment
9 Comments
- 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
1. financial planner said...
Who's Andy from Huddersfield? Own up! Good on yer.
2. Buyatthebottom said...
Fantastic article and long overdue. More like this and Crash Gordon's house of cards will come down!
3. techieman said...
Surpried at this posting as its the second one of this today.
4. mark wadsworth said...
It's a brilliant article, it covers all the bases, it's factually correct. To put it bluntly, I was amazed to see it in The Times.
5. it_is_going_with_a_bang said...
(coming to the end of a fixed-rate deal? Tough. What part of Two-Year Fixed Rate didn't you understand?)
There are too many quotes in there to point out. But this one makes me smile and nod.
6. deepak said...
6 times net or gross salary.
In life income in net ( after tax) expenses are gross.
7. Greenbay said...
boring boring...going over old ground grasping at straws.
the market will stay steady before rising by double figures next year..
8. planning4acrash said...
But they still don't blame bankers and central banks for inflating the money supply, so the thing goes round and around, without touching upon the true problem.
9. inbreda said...
Still a bloody good and very well written article though p4ac.
The change in sentiment has been so amazing over the last few weeks - even without the credit crunch (and its effects) we would still all be hailing the end of the stupidity.
I'm off for a blumin good weekend!