Converted Lurker Posted March 4, 2008 Share Posted March 4, 2008 The National Association of Estate Agents (NAEA) is calling on the Bank of England to reduce interest rates to 5% on Thursday... Peter Bolton King, Chief Executive at the NAEA, comments: "There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0 Quote Link to comment Share on other sites More sharing options...
A Fool & His Borrowed Money Posted March 4, 2008 Share Posted March 4, 2008 Naea Pleads With Boe To Cut Interest Rates On Thursday Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted March 4, 2008 Share Posted March 4, 2008 The National Association of Estate Agents (NAEA) is calling on the Bank of England to reduce interest rates to 5% on Thursday... Peter Bolton King, Chief Executive at the NAEA, comments: "There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0 That's righ punish the prudent and the savers to bail out the banks and the irresponsible. C0ck. Quote Link to comment Share on other sites More sharing options...
BandWagon Posted March 4, 2008 Share Posted March 4, 2008 The National Association of Estate Agents (NAEA) is calling on the Bank of England to reduce interest rates to 5% on Thursday... Peter Bolton King, Chief Executive at the NAEA, comments: "There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling Isn't it amazing how after a boom people consider double digit inflation as "healthy"? A lot of people are going to have to realise that over time property prices rise in line with rents and wages, and in the current environment that's only about 3%. Ten years of zero growth would do wonders for the health of this market, but historically that doesn't happen... Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted March 4, 2008 Author Share Posted March 4, 2008 If you'd said a decade back that house prices would be the most important, in fact only economic/public relations/keep the majority of voters happy issue for the govt of the day, you'd think we'd entered some parrallel universe Seriously fukced up thinking. "There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling" WTF Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted March 4, 2008 Author Share Posted March 4, 2008 (edited) I liked this one, conjured up images for me of SWFs in the USA for some reason Edited March 4, 2008 by Converted Lurker Quote Link to comment Share on other sites More sharing options...
The Ayatollah Buggeri Posted March 4, 2008 Share Posted March 4, 2008 "There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling" [said the EA's VI] Err, no actually. According to its remit, the BoE's MPC only needs to set IRs in order to regulate inflation. Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted March 4, 2008 Share Posted March 4, 2008 Of course the NAEA wouldn't just be happy with turnover of properties agin. They wouldn't be happy until prices were rising 10% per annum again. Quote Link to comment Share on other sites More sharing options...
King Stromba Posted March 4, 2008 Share Posted March 4, 2008 Havnt these numpties worked out that interest rate cuts are not the answer? Quote Link to comment Share on other sites More sharing options...
yellerkat Posted March 5, 2008 Share Posted March 5, 2008 Retailers a bit slow off the mark, aren't they? Quote Link to comment Share on other sites More sharing options...
0q0 Posted March 5, 2008 Share Posted March 5, 2008 The National Association of Estate Agents (NAEA) is calling on the Bank of England to reduce interest rates to 5% on Thursday... Peter Bolton King, Chief Executive at the NAEA, comments: "There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling http://firstrung.co.uk/articles.asp?pageid...&cat=44-0-0 Peter Bolton King should be renamed Peter Bolton Toolbrain If you'd said a decade back that house prices would be the most important, in fact only economic/public relations/keep the majority of voters happy issue for the govt of the day, you'd think we'd entered some parrallel universe Seriously fukced up thinking."There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling" WTF Because The New Sole UK Industry is flogging piles of shite bricks for 10x their real worth. Err, no actually. According to its remit, the BoE's MPC only needs to set IRs in order to regulate inflation. I think people could not be blamed for thinking the MPC's remit was to keep their friends' properties prices up. Perish the thought. Havnt these numpties worked out that interest rate cuts are not the answer? Naah. They're running round in circles like a desperate randy woman during the last 30 mins at a disco. Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted March 5, 2008 Share Posted March 5, 2008 Bunch of miserable pleaders. Quote Link to comment Share on other sites More sharing options...
refusnik Posted March 5, 2008 Share Posted March 5, 2008 Yup, the only way to unstall the market is to push the stick away from you and give it a full throttle. Quote Link to comment Share on other sites More sharing options...
marko Posted March 5, 2008 Share Posted March 5, 2008 If you'd said a decade back that house prices would be the most important, in fact only economic/public relations/keep the majority of voters happy issue for the govt of the day, you'd think we'd entered some parrallel universe Seriously fukced up thinking."There is an ongoing lack of confidence in the housing market and the Bank of England needs to act fast to stop it stalling" WTF Simple, because housing has become the chief source of 'wealth' for this country, and even better this 'wealth' does not require any 'work' to generate! We get the government we deserve. Quote Link to comment Share on other sites More sharing options...
Nelly Posted March 5, 2008 Share Posted March 5, 2008 I liked this one, conjured up images for me of SWFs in the USA for some reason Evil Kenivels son just aint what his dad was is he Quote Link to comment Share on other sites More sharing options...
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