Wednesday, Nov 09, 2011

A woeful property market

Mindful Money Blog: Shaun Richards: The UK Housing Market stagnates in nominal terms but is falling in real or inflation adjusted terms

Richards is definitely not a HPCer in his outlook towards the role of house prices in the economy: "Lest we forget recoveries from recessions are usually not only accompanied by an improving house market but are in fact at least partly driven by them." Nevertheless, I think it's worth looking at Richard's overview of where the housing market is now - even if he seems to regret that the cost of living might fall for the priced out. The comments are worth a look if you have the time as well.

Posted by quiet guy @ 09:38 AM (989 views) Add Comment

1 Comment

1. mdmick said...

I did read a lot of the comments on that post. One of the many themes was the cost of living compared with the cost of property which brings me to....

On the subject of the cost of living, I don't believe the supermarket price war is all it is cracked up to be. I used to buy my yogurt in 2s because it was cheaper than buying them as units. The price cut now makes a unit about the same as that original deal.
For a day or so, there were grapes at 50% of their normal price (from a different supplier, maybe) and then it was back to the usual pricing.
I think there is a story here: a sham 'price cut' marketing.

Thursday, November 10, 2011 07:08AM Report Comment

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