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r thritis

Capital Economics U-turn?

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Strange admission from Ed Stansfield:

"Several factors have come to light which might suggest that house prices are likely to remain more firmly supported than we had expected," said property economist Ed Stansfield of Capital Economics. He cited lower interest rates, strong employment growth and looser criteria for securing a mortgage. "

I think this is a pretty odd stance to take. If he had stuck with his original prediction, the worst that could happen is that he would have been wrong. As it stands, if his original prediction turns out to be right, he's now wrong, if you see what I mean. He's kind of put himself in a lose-lose situation.

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At least he has got BALLS!

It takes a man to say he's wrong. At least he admitted that the market has not turned the way it should have. It doesnt make sense that the houses are as strong as they are, even though they are dropping.

LIES, FRAUD and IRRESPONSIBLE PEOPLE make rationally thinking people look stupid.

Edited by teddyboy

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If interest rates do stay low, it will be for the wrong reasons. What I do not understand is why financial pundits are playing down problems on employment. We have lost almost 100,000 manufacturing jobs this year and much of the recent job creation has been funded by public money. Now that public debt is becoming a more pressing problem those jobs will be under threat.

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  • 311 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%

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