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

Mail On Sunday - Article By William Rees-mogg

Recommended Posts

I can't find the link - but if you can get hold of the Mail on Sunday - read this article. Common sense article outlining the rise in prices and the unsustainability of the constant rises. I'm going to look for the link again -can anyone else find it.

He even mentions "the boom which may turn out to be a BUBBLE"

This is a full page article headed up " Bungalows at £450 - those were the days"

Share this post


Link to post
Share on other sites

William Really-smug's article can be read at 'Why we have got to build a better Great Britain':

http://www.khaleejtimes.com/DisplayArticle...section=opinion

The London house-price phenomenon must have been inflated by a whole pyramid of purchasers, leveraging themselves from mortgage to mortgage and from house to house. In the Wall Street of 1929 this was known as buying pig on pork. The Wall Street pyramid of 1929 ended in collapse. When an ordinary couple have to borrow £1 million to buy an ordinary London house, one may suspect that the London housing market is becoming equally unstable.

Also at 'Bungalows at Pounds 450...Those Were the Days':

http://www.neorunner.com/current_headlines/62_1736992.html

Edited by Jeff Ross

Share this post


Link to post
Share on other sites

William R-M is a very wealthy ,very right wing ''Daily Telegraph '' type and I think it is in fact very encouraging that someone of this type is at all cynical and scathing of HPI.....in the way he is in the article.

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.

Guest
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.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 336 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.