Wednesday, Dec 06, 2006

A word to the wise on house price fears

Sunday Herald: A word to the wise on house price fears

"If we all take heed of these warnings and act accordingly then, ironically, it will make them less likely to come true". Can somebody please explain this to me?

Posted by nohpc @ 11:07 PM (484 views)
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1. Shanghaitim said...

Well surely if everyone gets scared, and no-one tries to buy and no-one tries to sell, the market freezes in theory. No crash, no surge.

But in practice (before I get rocks thrown at me) that won't happen, as some will need to sell, some will be desperate to buy, and so on, so the market will continue to move. If one article in the Sunday herald could change the mindsets of all 60 million people in the UK then maybe we'd get a freeze, but hands up who doesn't think the Herald is that influential!

Thursday, December 7, 2006 09:20AM Report Comment
 

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