Sunday, February 13, 2011

Why are house prices not falling substantially if we are back to 1982?

This recession vs history: we're back to 1982

The British economy is stuck in a re-run. The progress of our collective wealth is mirroring the turmoil of the early 1980s recession. All we need now is an increase in inflation followed by a huge increase in interest rates. Then it will really feel like the 1980's and surely house prices must fall much further.

Posted by miken @ 12:12 PM (2555 views)
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8 thoughts on “Why are house prices not falling substantially if we are back to 1982?

  • No we’re not. Market forces are usurped by 3 century low interest rates, the QE fleet, and a mass of people who are now ‘rich’ in their crumbling Victorian sh!tpiles thinking they ‘deserve’ to be so, because they ‘worked hard’ – and will vote any politician out toot sweet, who dares interfere on behalf of generations XY squared

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  • F*ck me braindeed, you’re making sense.

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  • @ braindeed,
    You forgot the offshoring of British industry and commerce and a banking sector which now tells our glubberment which way to jump.

    @ Miken,
    From articles I’ve read, countless companies in the UK are waiting to test the water with a price rise = more inflation coming.

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  • Von Schafstiefel sagt

    F*ck me braindeed, you’re making sense.

    ……you fall on your head again, Oberst?

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  • Jawohl meinen grossen liebschen.

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  • greenshootsandleaves says:

    annal washworth was suggesting in the times the other day that Egyptians are now buying lots of properties in the UK … and not just in London. Yeah, right.

    The fact that the article didn’t even make it onto HPC does not suggest that murdoch’s decision to go over to a subscription-only policy has left the paper with many paying customers, especially since the same sort of rubbish is now available free of charge in The evening standard.

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  • What we will need is copious production of North Sea Oil to dig us out of any looming depression. It sure helped in the 90’s
    Oooops, production of North Sea Oil peaked in the late 90’s and is suffering spectacular declines.
    I hope the price doesn’t go up on the oil we now import.
    Ooooops, it’s gone up a lot.
    Surely the oil prices will go down.
    I mean, it’s expensive and quite frankly that’s most unfair.
    I mean, it’s not like there a shortage is there?

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  • No HPC. Inflation is a tax on the poor and the money given to the rich. We need Robin of Loxley to sort this out.

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