Saturday, Apr 19, 2008
You didn't meddle on the way up, Gordon...
Monevator: Hands off our falling house prices
Soaring prices of staples like wheat are making the headlines as the worst thing since unsliced bread, so why are soaring house prices seen as a good thing? We all need somewhere to live, just like we all need somewhere to live. Now prices are falling, the Government should leave them be. Anything else would be self-interested hypocrisy.
Posted by the investor @ 05:09 PM (280 views) Add Comment
2 Comments
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1. waiting for the crash said...
If the boom is re-ignited then the fall that WILL come will be very much the harder.
2. denzil said...
Yep, always struck me as utterly barking mad how house price inflation that is accelerating way ahead of CPI/RPI is rejoiced.
Along with cheerleaders such as the BBC and the Express they have brainwashed the public into thinking the the recent years of unhealthy HPI should be rejoiced. Brown's mirage economy was based largely on HPI and without it Brown's economy would vanish into a puff of smoke followed soon after by the rest of his stinking, spin obsessed and incompetent Labour government.