Monday, November 2, 2009
No Recovery Just Illusion And Delusion
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 (2479 views)
22 thoughts on “No Recovery Just Illusion And Delusion”
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paul says:
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.
sybil13 says:
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
Crunchy says:
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
crunchy says:
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
inbreda says:
Sorry, can’t watch it. Want to kill someone when I hear her voice. Awful woman.
crunchy says:
p.doff ……..I hope you listen to the very last bit.
A few times if needed. I promise that it will not hurt.
crunchy says:
That goes for you too Gordon! A thousand times.
crunchy says:
Last link on this thread………….http://www.youtube.com/watch?v=czcUmnsprQI
The Depression of “1920?” A miracle, Go figure!
nomad says:
@3. Is that her or Steve Nallon?
wdbeast says:
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.
crunchy says:
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!
crunchy says:
8. nomad
LOL. his voice is too high. Maggie had ba11s.
montesquieu says:
The problem with ‘go figure’ is that it’s an sub-literate Americanism.
‘Go and figure [it out]’ is the proper construction.
crunchy says:
12. montesquieu
Thanks for that, I would never had known! Lazy old Crunchy.
TTFN.
crunchy says:
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!
rumble says:
So having been pumped up, the stock market’s about to turn – where’s all the money sloshing to?
growler says:
@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.
montesquieu says:
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.
happy mondays says:
@ montesquieu
The Hell we do!
growler says:
@happy mondays..
I see the need to boldly stick to the topic
😉
inbreda says:
18. happy mondays said…@ montesquieu
The Hell we do!
I suggest everyone goes for a rest-room break and calms down a little.
crunchy says:
12. montesquieu
No offense taken.
It was a treat for you in compensation, a ditty. : )
Must I do all the work folks? Carry on!