Thursday, Jun 04, 2009
2.6% of sweet nothing is still sweet nothing
Telegraph: Don't get carried away by house price rise
These figures still won't stop 1,500 estate agents being made redundant each week.
Posted by paul @ 12:28 PM (1211 views) Add Comment
7 Comments
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1. symo said...
This is terrible, how can we improve the situation. Surely 5,000 a week would be better.
2. andrew said...
The comments are amusing, I don't think that people have only recently developed these opinions though, I think the fact that a mainstream newspaper is allowing this opinion through signals a change of direction in the undercurrent, I think they are massaging opinion in preparation for bigger falls in house prices, end of analysis, good news, house prices will continue to fall.
3. happy mondays said...
I would still like to punch an estate agent and an mp and a banker, too many self centred money grabbing vampires, not enough fists!
4. need-a-crash said...
@2. Andrew as you say the comments are very interesting and I've also never seen comments attacking the idea of HPI being good, quite as vehemently as this before. Perhaps the media are changing their tune, or at least starting to listen to other voices.
Perhaps the dire employment prospects of today's graduates are playing on their minds and how they will ever afford such high house prices. In the boom years it was probably just assumed that any decent graduate could easily earn a hefty bonus in the City with which to pay for high house prices.... but now (perhaps with their own children looking at the dole) the journos are waking up to reality?
5. 51ck-6-51x said...
2.6% is a good few grand, I wouldn't call that nowt, especially as prices are still too high!
6. gone-to-colombia said...
So, just as unemployment kicks in, the credid crunch is still in full swing, and the world is experiencing the worst recession since the 1930's house price are going up!
Nah. The calm before the fall.
7. iguana said...
Surely this must be true!!!! because Rightmove have just launched a new 'weekly' advertising reduced price properties in 'your' area.
Thats OK then.