Monday, Aug 03, 2009
Slightly different spin on today's news.
Evening Standard: Londoners should wait as the market will not 'recover' until 2011
"Until lending is freed up, young and lower income households without access to large deposits will be locked out of the market." ...how emotive! LOCKED OUT of the market... just like being locked out of THE HOME YOU'RE ENTITLED TO AS A CITIZEN OF GORDON'S GLORIOUS EMPIRE. No, the first line should read like this: "UNTIL NORMAL PRICES ARE ACHIEVED, NORMAL PEOPLE WILL WAIT UNTIL THEY CAN BUY AT FAIR PRICES." Best bit about this article was that in the London Lite freesheet [Evening Standard spinoff] is that its headline was HOUSE BUYERS SHOULD WAIT TILL 2011... Funny it's not made it online. Wish I'd've saved a copy and scanned it in...
Posted by angry anchovy @ 11:33 PM (175 views) Add Comment
1 Comment
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1. greenshootsandleaves said...
'They will then recover strongly, with rises of 2.1 per cent in 2011, 8.9 per cent in 2012, 10.7 per cent in 2013 and 7.4 per cent in 2014.'
I'm sure no one would even dream of arguing with figures that precise but, just in case, there is apparently also a more detailed version, accurate to three decimal places, which gives the peak dates each year.
Just out of interest, though, can anyone on hpc tell us how accurate their forecasting has been in the past?