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

Unemployment Is Causing Price Falls (rics)

Recommended Posts

So it's not different this time.

All we need now are more job losses, more distressed sellers, and then the good old credit crunch to help things along...

Share this post


Link to post
Share on other sites

Hi,

Depending how you read the cycle I guess - we've discussed it enough and it does seem to be fitting the picture more more over the last year - for property boom prices leading to reductions in consumption and recession, property falls, etc., I am really interested to see if Gordy and BoE have a plan 'B' in waiting, what with their hands tied on interest rates, public spending increases, devalution or a manufacturing-export lead recovery. Gordy certainly seems to be betting the kitchen sink on ever increasing consumer-demand in the latter part of the year, backed by lovely Mortage equity withdrawal and mortgage take-up. I certainly don't intend to make any new moves into property until that little pickle becomes a bit clearer.

Boomer

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.

  • 301 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.