Saturday, Jun 17, 2006

Telegraph muttering the words HPC ?

Telegraph Online: Word on the street: is the ghost of crashes past hovering over the housing market?

As you're probably aware, the stock market has been having a miserable time of it over the past month. In fact, markets around the world have hit a patch of extreme turbulence, that has sent them rocking and reeling and wiped out most of the gains made since the start of the year. Does this mean that there are serious negative implications for house prices? I thought not until, the other day, someone reminded me that, barely a year or so after the notorious "Black Monday" crash in 1987, house prices started to tumble.

Posted by uncle chris @ 04:45 PM (557 views)
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5 Comments

1. tyrellcorporation said...

Mmmm... an article that ends up saying that everything is fine and you can put down that deposit on a new Cayenne S after all...

Saturday, June 17, 2006 09:22PM Report Comment
 

2. Phil said...

I like the little ad for buying your dream home at the bottom of this article, perhaps Edmund is a real estate agent in his day time job.

Sunday, June 18, 2006 12:44AM Report Comment
 

3. Paul said...

Article summary - "Everything's looking a bit wobbly - should homeowners be worried? No, eveything's just fine because inflation is under control".

Trouble is, inflation is like a loaded spring at the moment.

Sunday, June 18, 2006 04:36PM Report Comment
 

4. The Bald Man said...

Strange conclusion that everything is just fine in the world he msut be taking lessons from Gordon Brown the king of spin..

Sunday, June 18, 2006 07:21PM Report Comment
 

5. Bfskinner said...

this is probably as hawkish as the telegraph is likely to get for now. Not a bad piece I thought. It points to a lot of warning signs. even though it is somewhat upbeat, it does seem to contain some very strong veiled warnings. A tumble in the markets, a rise in inflation.....then bust!

recent talk of shitfts in economic paridigms are nothing but smoke and mirrors. if history that taught us anything it is that the past is always the best predictor of the future. if that continues to hold true then maybe the we are in the end of days for the housing boom (until the next one that is!)

BFS

Monday, June 19, 2006 10:51AM Report Comment
 

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