Monday, Feb 01, 2010

House Prices to Jump

City AM: Think-tank: the price of homes to jump 20pc

This was on the front page of this morning's City A.M. I am not convinced but have a contingency plan in case they turn out to be right. Gordon Brown said in 2008 house prices wouldn't crash like in the USA (and this was a good thing) because they built too many and we hadn't built enough. In other words, perpetuating a situation of housing shortage (which I don't think we have yet but will do easily within a decade) and keeping house prices high (unffordable) is considered a good political strategy. That's why I fear the dubious CEBR might turn out to be right.

Posted by tenant super @ 10:49 AM (223 views) Add Comment

1 Comment

1. quiet guy said...

"Gordon Brown said in 2008 house prices wouldn't crash like in the USA"

Is that the same Gordon Brown who said:

'I will not allow house prices to get out of control and put at risk the sustainability of the future." He said he was determined that the UK should not return to the "instability, speculation and negative equity" of the 1980s and 1990s.'

http://www.bbc.co.uk/politics97/budget97/live/housing.shtml

Tuesday, February 2, 2010 12:58AM Report Comment
 

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