Monday, July 26, 2010
Why the government can’t stop house prices falling
Why the government can't stop house prices falling
The media playing dumb "But the real question the interviewer wanted answered was: "How come no one saw it coming?"
Posted by doomwatch @ 09:44 AM (1952 views)
10 thoughts on “Why the government can’t stop house prices falling”
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Giordano Bruno says:
‘How come no one saw it coming?’
lol.
pelethar says:
They can stop house prices falling. They did it in 2005, with an unjustifiable interest rate cut, and they did it again in 2008 with more rate cuts combined with printing money.
Clearly they can’t cut rates, but this government, just like the last one, will do anything and everything to avoid a nominal price crash. Seems like their broad strategy is to keep rates on the floor, possibly keep printing money, and certainly ramp up inflation.
Crunchy says:
Big property and asset investment risk is weighing on the nerves of the true movers and shakers.
Old money rules!
Some stand to lose Billions. Who’s it going to be, the big people or the little people.
The movers and shakers are ahead at the moment by approx $27trillion verses $27trillion in debt plus interest charges to the little people.
Not even a mention of the tax financing of illegal wars which seem to be of little benefit to the little people, quiet the contary.
Old money rules but it is heavily stained and guarded by deluded fools with loving families afar.
Ones country for some, the globe for others.
51ck-6-51x says:
pethelar – only up to a point — and that point is dictated by the FX markets — they will prefer real house price falls to a currency collapse at some level, but where?!
Crunchy says:
3. 51ck-6-51x said…”they will prefer real house price falls to a currency collapse at some level, but where?!”
A sweet irony six.
str 2007 says:
666, will they though. The pound is at quite normal levels against the dollar now giving quite alot of room. Also if the pound did collapse they’d simply roll out the “good for exports” line. And house prices would fall – to foreign investors !
Ricardo A. Cantos says:
How come nobody saw it coming?
Probably the “experts” who didn’t see it coming hadn’t been reading this website, or watched wonderful Chris Parker’s video, or have an independent point of view. That will teach them.
Some of us did see it coming and didn’t buy.
51ck-6-51x says:
str2007 – as you know that is just a line; weak currency also means expensive imports, and that is not popular with the voters. Yes, Uncle Sam is shading us from the sun, but that will also not last forever.
Crunchy says:
8. 51ck-6-51x said ….Uncle Sam is shading us from the sun, but that will also not last forever.
Another sweet irony. You are doing well six. I wouldn’t dare long the dollar just yet, if ever.
Monthly Morning Star six, look at your Euro/Usd charts. BP could also hold some suprises or Barry S.
tom101 says:
House prices have dropped, just not in £.