Tuesday, December 29, 2009
The Guardian says down, after saying up, then down, then up
On the 10th of November the Guardian published and article titled "House prices rising at fastest rate since 2006", with subtitle "The renewed London boom is spreading around the country thanks to cheap money and a shortage of homes for sale". Now this article reads a little different. Interest rates will remain at 0.5% until 2013 according to some, the era of cheap money for the few who are lucky enough to have large deposits and a job will mean that house prices will remain static as a bogus front to the collapsing economy. 1% basically means no change.