Wednesday, August 27, 2008

To quote a response – “You really haven’t got a clue, Anne.”

Savills recovery predictions for the housing market

"By 2012, she suggests that prices in the South East and Scotland should once more be at their 2007 level, thanks to a shortage of homes and local purchasing power. " ........."supply and demand, supply and demand, supply and demand". It's a lot like Dorothy repeating 'There's no place like home, there's no place like home". Supply and demand is just some VI's mantra to help get them up in the morning and therefore total and utter fantasy. "Local purchasing power" must mean she sees a return to mega bonuses and ever decreasing LTV's and ever increasing income multiples. Where do they find these people?

Posted by bystander @ 03:17 PM (884 views)
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7 thoughts on “To quote a response – “You really haven’t got a clue, Anne.”

  • I sent in a similarly worded comment. It wasn’t published.

    OK, so the market may recover in 4 or 5 years – why write an article on it?

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  • alan @ 1 – “Where do they find these people?” – consigned to history’s dustbin I hope.

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  • Again, that’s in the Property pages. The Business section paints a completely different view.

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  • This was my comment….

    “Yolande Barnes of Savills or Roger Bootle of Capital Economics?

    The latter suggest prices won’t get back to their peak until 2036.

    Yes, that’s right, 2036. 2036. 2036 “

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  • I never get published on the times. And I’m not half as critical as some of the stuff that gets on the boards.

    They must be overwhelmed with bears.

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  • Just noticed that Property isn’t under Business – it isn’t under Money – it’s under Life & Style.

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  • Predicting what will happen in 4 or 5 years time (or for that matter 2036) is akin to rubbing a crystal ball, nice work if you can get it and even better if you get paid!

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