Tuesday, October 12, 2010

“the U.K. needs to move on from its addiction to rising house prices”

Home Prices Are Love Affair Heading for Rocks: Matthew Lynn

Financial analysts who have been making a living predicting the direction of the U.K. property market haven’t been short of data in recent days. House prices are in freefall, so hop on a train to Heathrow Airport and catch the last plane to Shanghai before the whole country collapses. No, wait a moment, they are rising again. Pile into the FTSE-100 index while you still can..............In reality, Britain needs to turn all its attitudes toward property upside down. Each month, as the data gets published, any rise in house prices should be met with disappointment. And a drop should be welcomed.

Posted by jack c @ 09:47 AM (906 views)
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One thought on ““the U.K. needs to move on from its addiction to rising house prices”

  • At last! This guy is actually telling it how it is. “Each month, as the data gets published, any rise in house prices should be met with disappointment. And a drop should be welcomed.”

    “Second, the U.K. needs to rebalance its economy away from property development, borrowing and consumption toward manufacturing and exports.” So it’s not about taxing the rich, just about managing a more balanced economy.

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