Friday, Dec 15, 2006

The turning tide of the Media

Times Online: Economics: Shaky foundations by Joe Bolger

Joe Bolger of The Times comments that house prices will only remain high as long as Lenders are prepared to stretch affordability. When they stop, so will the market. One for Glorious Sunshine to comment on.

Posted by talking rot @ 02:31 PM (536 views)
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2 Comments

1. Davros said...

As soon as someone can explain how 'a buoyant economy', 'stable interest rates' and a 'continuing shortage of housing supply' result in a trebling of house prices in 10 years will I start to believe that these factors will support the housing market in the year to come. Otherwise, I'll believe that speculation and irresponsible lending will bring the market down at the same rate it built it up.

Friday, December 15, 2006 03:00PM Report Comment
 

2. bidin'matime said...

What an intelligent piece. He doesn't quite have the gumption to follow through his logic to it's natural conclusion ('maybe people will start to question whether the Emporer really has any clothes on...'), but a good step in the right direction.

Friday, December 15, 2006 05:01PM Report Comment
 

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