Monday, Jul 17, 2006

Econometrics is accurate

Guardian: House prices to soar 50% within six years

projection of housing prices by housing associations trying to point out how bad it could be.

Posted by inbreda @ 09:20 AM (600 views)
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13 Comments

1. markd said...

"Over the next six years we'll see home ownership being pushed further out of the reach of middle earners and even those on relatively high incomes."

So who exactly is going to be purchasing these properties?

Monday, July 17, 2006 10:18AM Report Comment
 

2. The Bald Man said...

Unbelievable spin trying to get the government to agree to concrete over the whole of the Uk with houses.

Agree with markd who is buying these houses? BTL's with a zero yield?

Monday, July 17, 2006 10:23AM Report Comment
 

3. sebastian said...

Haha, I was about to say exactly the same thing Markd. It really goes to show how irrational some of the reporting is. What nonsense...

Monday, July 17, 2006 10:30AM Report Comment
 

4. Sloth said...

Well the grauniad is the "Shoe-Shine Boy" when it comes to economics! When even the SSB says buy, it's time to sell.

Monday, July 17, 2006 12:12PM Report Comment
 

5. kpjcomp said...

I think the spin merchants are getting very desperate now.

Unemployment is going up, house repossessions are going up, UK dept is going up, oil is going up, cost of living is going up. Of course makes total sense that house prices will continue to go up. You see money does grow on trees, it is made of paper after all.

Monday, July 17, 2006 01:12PM Report Comment
 

6. Ontheotherhand said...

VI explained. "The mission of the National Housing Federation is to support and promote the work that housing associations do and campaign for better housing and neighbourhoods." Specifically, "To create the conditions for our members (housing associations) to flourish"

You can download their document showing the benefits they offer to housing association members which include;
�� Representation �� Negotiation �� Influencing �� Promotion �� Campaigning

Now, if house prices are about to rocket 50% further, we'd better concentrate on social housing through housing associations, right? I'm convinced.

Monday, July 17, 2006 01:13PM Report Comment
 

7. devil's advocate said...

It does not matter how absurd these comments are it drives peoples fear of being left behind in a constantly rising market. These comments and the rightmove stats hit all the major papers and are believed by the masses. Whether this is right or wrong its supporting the market.

Why would the VIs mess with a Propaganda machine that works so well.

Monday, July 17, 2006 01:39PM Report Comment
 

8. George Monsoon said...

Well thats it then. I will never own a home of my own in Britain.

I will take my umpteen years of IT experience to India and buy a castle with my savings!!

Monday, July 17, 2006 04:18PM Report Comment
 

9. Northern Lad said...

too right GM....I'm looking for offski aswell!

Monday, July 17, 2006 08:11PM Report Comment
 

10. inbreda said...

George - that is by no means a silly idea.

Monday, July 17, 2006 08:47PM Report Comment
 

11. Waitingfor Hpc said...

george

me too. I can not wait to leave Britain - and I run my own firm!
this is a crazy place - i am going to sell up and take my mney and expertise to another country.

Tuesday, July 18, 2006 09:41AM Report Comment
 

12. Dadm1975 said...

Waiting for HPC.....I'm off also....to Jersey...screw Gordon Brown

Tuesday, July 18, 2006 11:37AM Report Comment
 

13. inbreda said...

dadm1975 - hope you're wealthy - you'll need to be to live in Jersey.

As a local Guern I must say that it's not particularly fair when English people come to the channel isalnds to dodge UK tax as they price the locals out of the market. There are many disgruntled locals that have been forced to move away from their family and friends because they simply cannot afford the 139,000 pound average house.

Tuesday, July 18, 2006 03:24PM Report Comment
 

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