Spirit Posted December 18, 2005 Share Posted December 18, 2005 most importantly of all, house prices — the biggest driver of consumption — are at best flat and at worst falling.I predicted falling house prices in 2004 and in 2005 and I am going to continue to do so. According to Hometrack (which to my mind produces some of the more honest house-price statistics) prices have fallen 2.5% so far this year. Add inflation into that and prices are down 5% in real terms. This may not count as a crash in everyone’s book, but it is still pretty nasty — and I think it is going to get much nastier. Houses are still impossibly expensive, and it looks as though this year there will be the lowest level of residential-property transactions for three decades. That doesn’t bode well. So here’s one prediction for 2006: house prices will keep falling. http://www.timesonline.co.uk/newspaper/0,,...1937132,00.html Quote Link to comment Share on other sites More sharing options...
BandWagon Posted December 18, 2005 Share Posted December 18, 2005 (edited) http://www.timesonline.co.uk/newspaper/0,,...1937132,00.html She recommends gold, silver and diamonds for next year. Funny, that's just what my girlfriend says I should buy as well. She promises to look after it for me Edited December 18, 2005 by BandWagon Quote Link to comment Share on other sites More sharing options...
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