Wednesday, December 16, 2009
Looking in, from the outside!
House price rises may stall next year, says MPC's Kate Barker
"I would be pretty surprised if we saw the strength of house prices sustained into next year," said Kate Barker, an external member of the Bank of England's Monetary Policy Committee and former housing adviser to the Government.
Posted by dill @ 08:13 PM (1551 views)
7 thoughts on “Looking in, from the outside!”
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paul says:
Oh if its not Kate ‘supply side’ Barker, parping this no doubt to lobby for an extra fillup for her portfolio.
cyril says:
This is the same Kate Barker who wrote the Barker report, which concuded that we should build loads more houses to bring prices down, even though the government’s own economic models showed that housing supply has almost no effect on prices generally.
This same government thought that Northern Rock’s business model was a great idea until it collapsed (see last Housing Green Paper if you don’t beleive me.
I think it was JK Galbraith who said that the purpose of economic forecasts is to make astrology look respectable.
Jayk says:
So? Most people insisted that the 2008 drops would continue this year. And they were completely wrong.
Murtza says:
I concur Kate..
dbc reed says:
Dunno how this woman retains any credibility:;she should be known as the busted flush.Her grand scheme to build more houses involved her patent Planning Gain Supplement which was an idiot’s version of a land tax,which became operational the moment developers started building (not when they were sitting on land while its value went up).It was actually a tax deterrent to building.It never became operational and was quietly dropped.
Her self-confidence remains boundless though
cat and canary says:
Ahhhhhhhhhhhhh….
there seems to be a raft of bulls recently saying:
“house prices will remain flat”
“house prices will soften slightly”
i remember the last time we heard that kind of talk…..June/July 2007!!
…crassshhhh!
phdinbubbles says:
Ah yes, the old house price stagnation theory, carefully explained here at 2:08
People are prepared to sell their grannies into slavery at the moment so they don’t miss out on hpi. With stagnation that demand disappears and grannies will be safe again.