Tired of Waiting Posted February 8, 2011 Share Posted February 8, 2011 (edited) Video: Ed Balls v George Osborne - 1st Treasury Questions Osborne: "had the biggest housing bubble boom" Main "quartet" completed: In a couple of weeks, all 4 main members of government (Cameron, Osborne, Clegg and Cable) have mentioned the hosuing bubble. This canNOT be just a coincidence. Edit: Correction: Osborne actually said housing boom, not bubble. Sorry. Edited February 8, 2011 by Tired of Waiting Quote Link to comment Share on other sites More sharing options...
Papa Serf Posted February 8, 2011 Share Posted February 8, 2011 (edited) Britain HAD the largest housing boom Close Edited February 8, 2011 by Papa Serf Quote Link to comment Share on other sites More sharing options...
1888 Posted February 8, 2011 Share Posted February 8, 2011 "largest housing boom" Quote Link to comment Share on other sites More sharing options...
Patfig Posted February 8, 2011 Share Posted February 8, 2011 they all keep saying boom, any more and Basil Brush will be signing up Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted February 8, 2011 Author Share Posted February 8, 2011 "largest housing boom" Yes, I noticed that the second time I heard it. I have already corrected the OP. Thanks anyway. Quote Link to comment Share on other sites More sharing options...
169995 Posted February 8, 2011 Share Posted February 8, 2011 hosuing bubble ? are you speaking of the chinese problems ? Quote Link to comment Share on other sites More sharing options...
CrashConnoisseur Posted February 8, 2011 Share Posted February 8, 2011 "largest housing boom" Ireland's was larger. Not that Osborne was able to recognise it at the time... 'Gordon Brown's policies are wedded to the past' [February 2006]: http://www.putneyconservatives.co.uk/record.jsp?type=cchNews&ID=585 Shadow Chancellor George Osborne has fired a fresh broadside at Gordon Brown's economic policies and called for Britain to learn the lessons of Ireland's stunning economic success.[...snip...] "Ireland stands as a shining example of the art of the possible in economic policy-making. With its vision of a highly-educated, innovative, open, dynamic, low-tax economy, and relentless focus on the long-term drivers of prosperity, Ireland's economic miracle has shown that it has the right answers to the challenges of the new global economy. "The new global economy offers us great challenges, and also great opportunities. Ireland has shown the world that wise economic policy-making can produce outstanding results that surpass all expectations, so that we can meet our potential, achieve our goals, and share rising prosperity in an increasingly competitive world. We in Britain would do well to listen and learn from our Irish neighbours." Quote Link to comment Share on other sites More sharing options...
Patfig Posted February 8, 2011 Share Posted February 8, 2011 hosuing bubble ? are you speaking of the chinese problems ? Barroon? Quote Link to comment Share on other sites More sharing options...
Snafu Posted February 8, 2011 Share Posted February 8, 2011 You know what a big problem with democratic parliamentarism is in the UK? The whole sodding setup with people facing eachother in parliament, taking turns with the roast, all trying to take the piss the most eloquent way. People tune out. Just a bloody show for the masses about who's got the biggest willy. How about some bloody factual discussion without interuptions. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted February 8, 2011 Author Share Posted February 8, 2011 (edited) Britain HAD the largest housing boom Close Yes, the past tense is annoying. Though I understand a British Chancellor cannot say that we are still near the top of the biggest housing bubble in British history... Or could he? It would be fun. No doubt about that. The question would be if this level of "excitement" would kill the patient - the UK banking system, and then the UK economy. . Edited February 8, 2011 by Tired of Waiting Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted February 8, 2011 Author Share Posted February 8, 2011 they all keep saying boom, any more and Basil Brush will be signing up I've just noticed this: Users reading this topic: 3 members, 24 guests. Isn't this a unusually high guest/members ratio? Quote Link to comment Share on other sites More sharing options...
Papa Serf Posted February 8, 2011 Share Posted February 8, 2011 I've just noticed this: Users reading this topic: 3 members, 24 guests. Isn't this a unusually high guest/members ratio? No, up to 44 now. Hello Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted February 8, 2011 Author Share Posted February 8, 2011 No, up to 44 now. Hello In my cheap computer speakers Osborne's voice gets even more painful. If this is a general problem: Sorry about that folks. Quote Link to comment Share on other sites More sharing options...
200p Posted February 8, 2011 Share Posted February 8, 2011 Que Kellog's Crunch Nut advert Housing boom, turns to housing bust Quote Link to comment Share on other sites More sharing options...
Papa Serf Posted February 8, 2011 Share Posted February 8, 2011 Que Kellog's Crunch Nut advert Housing boom, turns to housing bust Always makes me smile that. subliminal? Quote Link to comment Share on other sites More sharing options...
ccc Posted February 8, 2011 Share Posted February 8, 2011 If they are all saying it then it is no accident. Letting the public know we had a massive boom - so when we have a massive bust they can blame the previous incumbents ? Hopefully. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted February 8, 2011 Author Share Posted February 8, 2011 Not a problem on mine. Thanks for the vid. Good. You're welcome. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted February 8, 2011 Author Share Posted February 8, 2011 You know what a big problem with democratic parliamentarism is in the UK? The whole sodding setup with people facing eachother in parliament, taking turns with the roast, all trying to take the piss the most eloquent way. People tune out. Just a bloody show for the masses about who's got the biggest willy. How about some bloody factual discussion without interuptions. Good point. But it is not only in Parliament. Our media is as cr@p. The "Paxman style" actually just fishes for sensationalist, demagogic angles, hopping to be quoted in the following day's tabloids, instead of actually analysing the issue intelligently and honestly. Quote Link to comment Share on other sites More sharing options...
Damik Posted February 8, 2011 Share Posted February 8, 2011 Video: Ed Balls v George Osborne - 1st Treasury Questions Osborne: "had the biggest housing bubble boom" Main "quartet" completed: In a couple of weeks, all 4 main members of government (Cameron, Osborne, Clegg and Cable) have mentioned the hosuing bubble. This canNOT be just a coincidence. Edit: Correction: Osborne actually said housing boom, not bubble. Sorry. Labour again run out of the other people money .... Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted February 8, 2011 Author Share Posted February 8, 2011 (edited) If they are all saying it then it is no accident. Letting the public know we had a massive boom - so when we have a massive bust they can blame the previous incumbents ? Hopefully. I would hope so. But I think the current government is, at the same time, trying to avoid a "massive bust". Shapps admits that HPrices are unaffordable, but he keeps saying that their ideal scenario is house price "stability", with average earnings growing 2% more than house prices/year. So, in "10 or 20 years" houses would be affordable again. I find hard to believe that the government - even with the banks' help - could manage and afford such a long "correction". I don't know what is their game plan. I think that, with the banks' help, they could cushion this fall, and probably limit it to single digit nominal annual falls (politically less damaging than a double digit), for 2 or 3 years. Plus inflation (3% to 5%/year?), they would be able to have a nominal correction of up to 30%, and real correction of up to 40% or 45% - without breaking the banks. A lot of space there. Though property owners would be really p!ssed. . Edited February 8, 2011 by Tired of Waiting Quote Link to comment Share on other sites More sharing options...
uncle_monty Posted February 8, 2011 Share Posted February 8, 2011 Labour again run out of the other people money .... Agreed. Balls had his ar$e handed to him on a plate there. On a separate note, the coalition's recent repeated and open discussion of the housing "boom" leads me to believe that we are headed for house price falls. My guess is real terms over at least this parliament (4 years). Quote Link to comment Share on other sites More sharing options...
Damik Posted February 8, 2011 Share Posted February 8, 2011 I would hope so. But I think the current government is, at the same time, trying to avoid a "massive bust". Shapps admits that HPrices are unaffordable, but he keeps saying that their ideal scenario is house price "stability", with average earnings growing 2% more than house prices/year. So, in "10 or 20 years" houses would be affordable again. I find hard to believe that the government - even with the banks' help - could manage and afford such a long "correction". I don't know what is their game plan. I think that, with the banks' help, they could cushion this fall, and probably limit it to a single digit nominal fall (politically less damaging than a double digit), for 2 or 3 years. Plus inflation (3% to 5%/year?), they would be able to have a nominal correction of up to 30%, and real correction of up to 40% or 45% - without breaking the banks. A lot of space there. Though property owners would be really p!ssed I agree with you that it is their motivation, but: - government does not have any spare cash - banks do not have the spare cash - IRs going up I do not think they have a chance .... Quote Link to comment Share on other sites More sharing options...
long time lurking Posted February 8, 2011 Share Posted February 8, 2011 I would hope so. But I think the current government is, at the same time, trying to avoid a "massive bust". Shapps admits that HPrices are unaffordable, but he keeps saying that their ideal scenario is house price "stability", with average earnings growing 2% more than house prices/year. So, in "10 or 20 years" houses would be affordable again. I find hard to believe that the government - even with the banks' help - could manage and afford such a long "correction". I don't know what is their game plan. I think that, with the banks' help, they could cushion this fall, and probably limit it to single digit nominal annual falls (politically less damaging than a double digit), for 2 or 3 years. Plus inflation (3% to 5%/year?), they would be able to have a nominal correction of up to 30%, and real correction of up to 40% or 45% - without breaking the banks. A lot of space there. Though property owners would be really p!ssed. . They are never going to say were going to let the market crash even if it was their plan,and like some else have said watch what they do and not what they said they would do Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted February 8, 2011 Share Posted February 8, 2011 Osborne: "had the biggest housing bubble boom" Main "quartet" completed: In a couple of weeks, all 4 main members of government (Cameron, Osborne, Clegg and Cable) have mentioned the hosuing bubble. This canNOT be just a coincidence. Can you guess why they have? Quote Link to comment Share on other sites More sharing options...
Ologhai Jones Posted February 8, 2011 Share Posted February 8, 2011 As per the other thread on this, the 'biggest house price boom' quote was just shown as part of the lead story on the 5pm news on BBC News 24. Quote Link to comment Share on other sites More sharing options...
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