Monday, Nov 02, 2009

No Recovery Just Illusion And Delusion

Citywire: Yet another house price survey suggests more pain ahead

FT article today also said re Hometrack:
'Richard Donnell, director of research, said recent surveys showed a marked slowdown in the rate of growth in the volume of new buyers registering with agents. "This suggests that the pent up demand that has boosted the market in recent months is starting to fade in the face of firmer pricing and fewer clear bargains."
Price rises have been concentrated in just 16 per cent of the market, primarily in London, with prices remaining static across the remaining 84 per cent of the country'
Are the cash rich dwindling and the others just waiting for property to actually become AFFORDABLE?
I am wondering if this could be the week that sentiment really starts to reverse

Posted by sybil13 @ 07:48 AM (2430 views)
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22 Comments

1. paul said...

This stop-start market with steadily falling prices and miniscule volumes is what lies ahead for the next ten or fifteen years unless the government normalizes monetary policy and removes the barriers to allowing the market to find its long term price (like the newly introduced partisan repossession laws).

That, friends, is the textbook definition of a lost generation.

Monday, November 2, 2009 08:09AM Report Comment
 

2. sybil13 said...

I guess one could say though Paul that it was the past 15 years that saw a LOST generation, the next surely is going to be a BIG wake up call with signposts everywhere showing us all too clearly where we all went so horribly horribly wrong

Monday, November 2, 2009 08:20AM Report Comment
 

3. Crunchy said...

Whilst we are reminiscing, here's Maggie with her own (no Kisrties back then) property ramping, but with a healthier twist. or is that spin?

Comedy from Maggie? She was human after all. lol

Monday, November 2, 2009 08:42AM Report Comment
 

4. crunchy said...

Whilst we are reminiscing, here's Maggie with her own property ramping, this time with a healthier twist, or spin for the youngsters here.

It has a bonus Comedy clip. She was human after all. lol

http://www.youtube.com/watch?v=oK3eP9rh4So&feature=related

Monday, November 2, 2009 08:49AM Report Comment
 

5. inbreda said...

Sorry, can't watch it. Want to kill someone when I hear her voice. Awful woman.

Monday, November 2, 2009 08:53AM Report Comment
 

6. crunchy said...

p.doff ........I hope you listen to the very last bit.

A few times if needed. I promise that it will not hurt.

Monday, November 2, 2009 09:00AM Report Comment
 

7. crunchy said...

That goes for you too Gordon! A thousand times.

Monday, November 2, 2009 09:10AM Report Comment
 

8. crunchy said...

Last link on this thread.............http://www.youtube.com/watch?v=czcUmnsprQI

The Depression of "1920?" A miracle, Go figure!

Monday, November 2, 2009 09:33AM Report Comment
 

9. nomad said...

@3. Is that her or Steve Nallon?

Monday, November 2, 2009 09:55AM Report Comment
 

10. wdbeast said...

Crunchy - Why do you end so many of your posts with "Go figure"

As you may have guessed, I am not of the "text speak" generation.

This is a serious question, I am not taking the p155.

Monday, November 2, 2009 10:15AM Report Comment
 

11. crunchy said...

9. wdbeast

I use that term when I am putting a contary view point across.

It's a call to reconsider and ask why are we not doing this.

Example-Ben Bernanke is an expert on the Great Depression of 1929, yet he is making the very same mistakes, but this time on a larger

scale. Now that's taking the p 155. The link I posted above poses another theory which to me makes more sense.

Please take some time out to view. he is a good speaker to boot!

I hope that answers your question. There is a deeper level but only if you see it after go figuring!

Monday, November 2, 2009 10:35AM Report Comment
 

12. crunchy said...

8. nomad

LOL. his voice is too high. Maggie had ba11s.

Monday, November 2, 2009 10:41AM Report Comment
 

13. montesquieu said...

The problem with 'go figure' is that it's an sub-literate Americanism.

'Go and figure [it out]' is the proper construction.

Monday, November 2, 2009 12:01PM Report Comment
 

14. crunchy said...

12. montesquieu

Thanks for that, I would never had known! Lazy old Crunchy.

TTFN.

Monday, November 2, 2009 12:11PM Report Comment
 

15. crunchy said...

From this session interdict
Every fowl of tyrant wing
Save the eagle, feather'd king:
Keep the obsequy so strict.

By shakey. Hope you liked it montesquieu.

Now where were we? Pain ahead, that's right!

Monday, November 2, 2009 01:01PM Report Comment
 

16. rumble said...

So having been pumped up, the stock market's about to turn - where's all the money sloshing to?

Monday, November 2, 2009 01:22PM Report Comment
 

17. growler said...

@15 rumble:

- If inflation is currently next to nil, then cash is better than a falling or illiquid assets.
- if inflation is perceived a risk, then capital will fly into long-term capital (heat and power, waste, nuclear, water)
- if there are opportunities in currency - due to weakness or imbalance - then this is easy to convert.
- if people really have no clue, then gold is bound to lift.

Monday, November 2, 2009 01:32PM Report Comment
 

18. montesquieu said...

Sorry Crunchy wasn't calling **you** sub-literate, merely explaining why constructions such as this can provoke a reaction among those of us who find American jargon irritiating in the extreme.

Monday, November 2, 2009 02:44PM Report Comment
 

19. happy mondays said...

@ montesquieu
The Hell we do!

Monday, November 2, 2009 02:50PM Report Comment
 

20. growler said...

@happy mondays..

I see the need to boldly stick to the topic

;-)

Monday, November 2, 2009 03:25PM Report Comment
 

21. inbreda said...

18. happy mondays said...@ montesquieu
The Hell we do!


I suggest everyone goes for a rest-room break and calms down a little.

Monday, November 2, 2009 04:05PM Report Comment
 

22. crunchy said...

12. montesquieu

No offense taken.

It was a treat for you in compensation, a ditty. : )

Must I do all the work folks? Carry on!

Monday, November 2, 2009 09:56PM Report Comment
 

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