Jump to content
House Price Crash Forum
Sign in to follow this  

Tales From The Last Hpc

Recommended Posts

I was reading Boris Johnson's book "Lend me your ears", which is a collection of his newspaper articles over the past 15 years, when I came across his description of househunting while house prices were plummetting during the last house price crash.

I thought it might be an entertaining read for you all.



Share this post

Link to post
Share on other sites

He's an entertaining and amusing chap.

He's no politician and the book isn't up to much, but I still thought the anecdote was worth reading.

Yeah, he's not my fav for political reasons. But he is my fav politician. :)

Edited by laughing_goat

Share this post

Link to post
Share on other sites

The themes covered in his article should by now be familiar to all HPCers: the ridiculous asking prices, vendors in denial, the yawning disparity between one's parent's housing purchasing power and one's own, the ludicrous amounts of debt required to assume "ownership" of some miniscule dive in an insalubrious area. However I must disagree with his proposition that Britain joining the euro would kill HPI stone-dead; we only have to look at Ireland to see that exactly the reverse is true, the single-currency's Japanese-style negative real interest rates are like rocket fuel poured on the HPI fire.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.