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gruffydd

Capital Economics Slams Estate Agents'

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With their record, I'm suprised Capital Economics is still in the predictions business...

Do you think they have got this one wrong though?

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I love the way that nobody even factors in a recession.

Oh but of course we're not going to have one.

Even though the house market took a nosedive last year with IRs at 4.75% and it's not as if we even had any apparent economic shocks!

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They have again got it wrong by attaching houseprices to earnings.

This is a matter of the 1st rule of economics - suppy and demand, and with many more millions of people needing housing, hammering down real wages and thus keeping inflation and interest rates low, with nice tax breaks for the rich and investors to snap up property in the meantime, the connection between wages and houseprices has been over for years!

Edited by brainclamp

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They have again got it wrong by attaching houseprices to earnings.

This is a matter of the 1st rule of economics - suppy and demand, and with many more millions of people needing housing, hammering down real wages and thus keeping inflation and interest rates low, with nice tax breaks for the rich and investors to snap up property in the meantime, the connection between wages and houseprices has been over for years!

:lol::lol::lol: silly boy!

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They have again got it wrong by attaching houseprices to earnings.

This is a matter of the 1st rule of economics - suppy and demand, and with many more millions of people needing housing, hammering down real wages and thus keeping inflation and interest rates low, with nice tax breaks for the rich and investors to snap up property in the meantime, the connection between wages and houseprices has been over for years!

and demand is a function of income among other things

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With their record, I'm suprised Capital Economics is still in the predictions business...

They got the what, just missed the mark on the when.

Not yet does not mean not ever...or did you miss the 350,000,000 other times this has been stated on this forum.

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  • 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%



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