Jump to content
House Price Crash Forum
Come On Down

I Salute Gordon Brown

Recommended Posts

By announcing that he is going to build another 3 million homes he has effectively implied that house prices will come down.

This is because he is playing a spinning game on the "short supply" myth.

Now the CML chief announces that he expects a slowdown.

http://uk.reuters.com/article/domesticNews...mp;feedType=RSS

We should be thanking GB for this. He's on our side, now.

Edited by Come On Down

Share this post


Link to post
Share on other sites
By announcing that he is going to build another 3 million homes he has effectively implied that house prices will come down.

This is because he is playing a spinning game on the "short supply" myth.

Now the CML chief announces that he expects a slowdown.

http://uk.reuters.com/article/domesticNews...mp;feedType=RSS

But its more spin. He's only going to build 250k extra homes over the next 13 years. Which isn't many.

Share this post


Link to post
Share on other sites
But its more spin. He's only going to build 250k extra homes over the next 13 years. Which isn't many.

Yeah but its the spin that has the effect, not what he actually does.

By announcing this, he has quelled the supply/demand issue in an instant.

Share this post


Link to post
Share on other sites
Yeah but its the spin that has the effect, not what he actually does.

By announcing this, he has quelled the supply/demand issue in an instant.

Gordan knows there a crash in house prices is inevitable. Therefore is is good politics to ride the tide. If he can dress the crash up as beneficial (the only people who will lose money are those nasty BTL's and non-domiciles in London, the rest was just illusory wealth) then he can take credit. Announcing extra houses means he can say he has eased house prices by increasing supply (even if only 250,000).

Share this post


Link to post
Share on other sites
But its more spin. He's only going to build 250k extra homes over the next 13 years. Which isn't many.

Exactly, by conveniently omitting the intended time span for the building of these homes, he makes it sound much better than it really is. Just like the last PM, he's full of shit.

Share this post


Link to post
Share on other sites

Ok, people who dont have their heads up the rsss, know its gonna crash and bad. But for the masses, a quick question....

If GB builds all these houses, what will it do to the income stream of people who have staked their pensions on properdee? If I had a couple of BTLs and saw GB talking about destroying the value of my pension investments ( with my tax dollars), I wouldnt vote for him - would you.

Hes a politician in the business of getting votes? Has he not thought about this? Build houses and alienate the middle class swing voters essential to winning the next election. He'll be popular in the Labour Party. I'm still waiting to see evidence of his 'formible intellect'.

Share this post


Link to post
Share on other sites

70% of UK households are owner-occupied. To a great extent, what politicians say and do is irrelevant. We are at the mercy of the BoE and global trends now. We can vote for the muppets with the blue rosettes, but it won't make any difference.

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...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • 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.