Sunday, Oct 04, 2009

The road to nowhere

The Times: House prices: we’re getting there – slowly

An important milestone has been passed with the Nationwide building society’s report last week that house prices are back at the levels of a year ago. It has been heading that way for some time — the low point for prices was reached in February — and it should be followed in a month’s time by news that prices are higher than their level a year earlier ... It would be unusual, moreover, to have another big bout of falls when the economy is recovering.

Posted by quiet guy @ 12:28 PM (1377 views)
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9 Comments

1. mystie010 said...

Oh great lets all rush out and celebrate! NOT!

Sunday, October 4, 2009 12:27PM Report Comment
 

2. paul said...

But it's David Smith!

Wrong about the debt bubble.
Wrong about the credit crunch.
Wrong about inflation.

According to this latest article (which isn't really worth reading becuase like so much of what he writes depends on selectively chosen stats) homeowners should be very very worried about the coming direction of prices.

Sunday, October 4, 2009 12:55PM Report Comment
 

3. shipbuilder said...

Getting where? What is so monumentally cretinous about this article is the premise that heading back towards price levels that were universally (well, after the fact anyway) acknowledged as being unsustainable is a good thing for us all.
In articles prompted by a ruinous crash caused by unsustainably cheap credit and so unsustainably high house prices, rising house prices and cheaper credit are celebrated. It would be funny if it weren't so tragically nineteeneightyfouresque.

Sunday, October 4, 2009 01:42PM Report Comment
 

4. letthemfall said...

hear, sorry

Sunday, October 4, 2009 02:34PM Report Comment
 

5. letthemfall said...

The only explanation for these crass articles is that the journos who write them are heavily invested in BTL (as many at the Times seem to be). That these perverse notions have such strong currency in this country makes me feel that I live in one of the shabbiest and money-grubbiest lands in the developed world. I'd probably feel worse in America, however. I here Sweden's nice at this time of year.

Sunday, October 4, 2009 02:44PM Report Comment
 

6. letthemfall said...

I think I've just discovered time travel (2.46).

Sunday, October 4, 2009 02:46PM Report Comment
 

7. crunchy said...

LOL David Smith.

Now if you want to make some money in investing do the exact opposite to what this shill says.

I will say it again....Use the difficulty!

Sunday, October 4, 2009 04:01PM Report Comment
 

8. crunchy said...

6. letthemfall

Beam me forward of back ten years Scotty!

This time next year Rodders we will be millionaires.

Only Fools and Horses work!

Sunday, October 4, 2009 04:15PM Report Comment
 

9. nomad said...

"Use the difficulty"

You enigmatic tease you.

Sunday, October 4, 2009 06:51PM Report Comment
 

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