Wednesday, December 1, 2010

Ben Lowry – a serious journalist

HPs down 41%

Our 'survey of the surveys' gives a comprehensive picture of where house prices presently stand, more than three years after they peaked. Read also the two linked articles

Posted by financial planner @ 10:14 AM (987 views)
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2 thoughts on “Ben Lowry – a serious journalist

  • Why is the Irish housing bust so different to the UK? They had the same crazy credit binge as us, and much of the lending by the same banks and interest rates are similar. So why has the UK held up – so far? Maybe the global central bankers have agreed a ‘staged housing collapse’ and it’s not our turn.

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  • ‘One of the few pundits who in 2007 predicted that booming house prices in Northern Ireland would not merely slow down, but would collapse, Jonathan Davis, believes the drop was inevitable. “House prices have to be backed by economic fundamentals, such as average incomes.” Mr Davis, a City of London economist and wealth manager, believes that prices in the province remain too high relative to wages.’

    Hee hee. So will Financial Planner’s opinions be more sought after in the future or will it be a case of ‘nobody likes a smart a**e’ ?

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