Thursday, May 29, 2008
A small celebration
House prices: Welcome to the bust: Guardian
This is linked to in the previous article but worth a post for its return of the VIs' lame serves. Of course we all knew this already, but always good to see in the newspapers.
Posted by letthemfall @ 05:52 PM (602 views) Add Comment
6 Comments
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1. confused76 said...
Priceless!
"House prices have fallen for seven successive months, the longest run of declines since the Nationwide index was first published during the property crash of the early 1990s. At an annual rate, prices are now down by 4.4% - the sharpest fall since late 1992. Over the past six months, prices have dropped at annual rate of 11.4% and over the past three months at a whopping 16.1% annualised rate. Both represent more pronounced drops in selling prices than were seen in the early 1990s"
2. pendulum said...
How sentiment can change overnight... this can only fuel exponential panic selling. Several people I told to sell-to-rent last year are now starting to take notice.... too late.
You can only make mega bucks in a boom-bust market... Roll on the bust (oo-er) and lets do it all over (cue benny hill music).
3. amjidk said...
Were are comical Stuart, Kursty (is she going to eat her hat and have they found Elvis on the moon) )and the rest of the VI idiots, who kept banging on about strong fundamentals etc..
If there was a law against B*LL S**tters these guys would be doing some serious time..
4. Marky said...
At last, a truthful piece of journalism!!!!!
5. enuii said...
I wonder what the Daily Express will make of this!
6. voiceofreason said...
Fantastic news. A continuing & welcome return to a common sense economy for all.
No more Forest Gump economics.