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Realistbear

B B C: Quotes Oxford Study, Houses To Rise 95k In 4 Years

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http://news.bbc.co.uk/1/hi/business/5187398.stm

Last Updated: Monday, 17 July 2006, 11:51 GMT 12:51 UK

House prices in England 'to soar'

Average house prices in England
could rise from £195,000 to nearly £290,000 by 2011, research from Oxford Economic Forecasting (OEF) has said.
Under-supply of new housing will fuel house price inflation, the OEF added.
Getting on the housing ladder will become even harder, it said, as house prices rise from eight-times average salaries to 9.2 times in 2011.
David Orr, chief executive of the National Housing Federation, said there was a "crisis" of affordability.
"High house prices are already having a disastrous effect on local communities. People are unable to find a home in the area they grew up," Mr Orr said.
"Over the next five years we'll see home ownership being pushed further out of the reach of middle earners and even those on relatively high incomes," he added.

The only way Gordon can keep HPI and MEW moving is by making sure demand is kept stimulated through his policies of low IR and mass immigration while at the same time tightening supply by inflating building costs and keeping land useage out of the hands of developers. These policies are continuing to work for him at present but with a global correction coming it is not going to last for much longer. Unemployment will be the nemesis and a global meltdown will cause a crisis in the city with investment and currency value fallout to follow.

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right so the average rent will be double what it is now? wont the average rent then be alot more than average take home, prices cant go up for ever unless wages go up....

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right so the average rent will be double what it is now? wont the average rent then be alot more than average take home, prices cant go up for ever unless wages go up....

The Miracle Economy was supposed to make all homeowners rich by ever increasing prices and unlimited ability to MEW thus keeping spending high and the economy going. Rents are not factored into the Miracle because everyone owns or lives at home. Wages do not matter because increasing value in the home does not rely on effort or wages. It relies on everyone agreeing as to its value and acting accordingly. Miraculous IR remain accomodative (a.k.a. negative) because inflation does not exist in a Miraacle Economy as wages are kept frozen. At least I think that is what the Miracle is all about. :blink:

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This story is the biggest load shyte I have ever read!!!!

House prices will DOUBLE by 2011 because of lack of homes and then they say that there is affordability issue and only the top end earners will be able to afford them????

F*cking contradiction!!!! If ther are no f*ckers to buy the houses - how is supply not meeting demand. Complete and utter b0ll0x journalism!!!!

Sorry for language but this is making my blood boill!!!!!

Scaremongering people - thats all!!!

TB

Edited by teddyboy

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Average house prices in England could rise from £195,000 to nearly £290,000 by 2011, research from Oxford Economic Forecasting (OEF) has said.

Under-supply of new housing will fuel house price inflation, the OEF added.

Getting on the housing ladder will become even harder, it said, as house prices rise from eight-times average salaries to 9.2 times in 2011.

Talk about muddled.

House prices go up 95K, but the salary multiple only foes from X8 to X9.2. How does that work then?

Who are OEF anyway?

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Talk about muddled.

House prices go up 95K, but the salary multiple only foes from X8 to X9.2. How does that work then?

Either wages up by 30% or 11.5x salary multiple. Sums here

Big_20and_20baby_20brown.jpeg

Talk about muddled.

House prices go up 95K, but the salary multiple only foes from X8 to X9.2. How does that work then?

Who are OEF anyway?

Perhaps Gordon 'mini-me' Brown's new baby [Gordon Brown] helped out with the maths

post-2675-1153146820_thumb.jpg

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  • 335 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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