Monday, Jun 16, 2008
A Four-Year Cycle
London Stock Exchange: Economists predict four-year wait for house price recovery
They believe 2012 prices will equal 2007 prices. Bless.
Posted by rumble @ 04:47 PM (427 views) Add Comment
3 Comments
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1. Rental John said...
In case my news blog isn't posted, see also.... www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=443048&in_page_id=57&ct=5
2. drewster said...
Of course everything will be ok by 2012, it's THE OLYMPICS!!! Don't you know Olympics solve everything? Maybe this is all part of a cunning New Labour plan: all the homebuilders (Barrett etc.) are shedding staff, so there will be thousands of unemployed builders desperate for a job on the new stadiums. Nah, they couldn't be *that* clever.
3. ontheotherhand said...
Perhaps a good dollop of inflation will make them right. Then again it would have to be pretty big inflation.