Thursday, Nov 09, 2006

in 2001 average prices were 92K...

Firstrung: The average house price in 2001 was 92K, what went wrong?

With a decision on interest rates imminent the Firstrung team thought it may be appropriate to take our readers back to the the year 2001 when interest rates were last at 5% although in the corresponsing month, November 2001, rates had actually fallen to 4%.

Posted by converted lurker @ 11:01 AM (395 views)
Add Comment
Report Article


1. Haggerston said...

I forget why I couldn't get on the ladder back then and then I remember: a lot of us potential FTBs lost our jobs after the dotcom bust and found it hard to get started again. When we did, the housing market had already left us behind, not helped in part by Western governments flooding the world with cheap money in the meantime for those who could take advantage of it to counter further economic turmoil.

The house prices of 2000 and 2001 were a fair reflection of what could be afforded back then. Today's prices reflect what people can afford now.

So tell me, what did go wrong?

Thursday, November 9, 2006 11:42AM Report Comment

2. Haggerston said...

In my opinion 2000 and 2001 house prices fairly reflected the economic situation back when dotcom jobs were being lost. That wiped out a lot of potential FTBs

Thursday, November 9, 2006 11:46AM Report Comment

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of
  • Please adhere to the Guidelines
Admin Password
Email Address

Main Blog | Archive | Add Article | Blog Policies