Friday, November 26, 2010

Bear Food at the Beeb!

House prices: Continued decline, says Land Registry

Surprisingly little 'positive' spin put on the Land Registry figures by the BBC. I suppose there's not much they could possibly squeeze out of this on their own without some bullsh** commentry from VIs such as Martin Gallbladder, etc, etc.

Posted by hash browne @ 02:01 PM (1442 views)
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4 thoughts on “Bear Food at the Beeb!

  • sibley's b'stard child says:

    Paul Diggle, property economist at Capital Economics, said: “The second consecutive monthly drop in the Land Registry measure of house prices is further evidence that the devaluation is becoming more embedded.

    “The fact that house prices are still overvalued across a range of measures, combined with the poor outlook for the underlying economic drivers of the housing market, means that house prices are likely to fall considerably further next year.”

    Yes, thank you Paul Diggle; I think i’d like to hear more commentary from you.

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  • Have those Beeb bosses finally wound down their portfolios then?

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  • The Economist magazine even called the property crash back in 1999. If it was not for government constant intervention with the free market, crashes would happen quicker and be dealt with quicker too.Instead it is an agonising wait and recovery take that much longer.

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