Sunday, October 9, 2011

“deja vu”

Will UK property prices weather a new recession?

This time homeowners and estate agents are asking not whether house prices will fall but just how far and how fast.

Posted by dill @ 11:08 AM (1592 views)
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5 thoughts on ““deja vu”

  • mark wadsworth says:

    Well I hope not, but the UK government is putting a lot of effort into propping them up (esp. in South of the country, unsurprisingly, for that is where the current lot’s voters live), and appears to be winning, so far

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  • How long can they be propped up for?How long before enough is enough and rates rise? I actually think it will be unemployment rises that will tip the balance before rate rises.People in general are still quite wealthy.

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  • Maybe we are moving into a new phase. Maybe now the masses are starting to lose faith in ” house prices only go up ” mindset! Maybe unemployment will be the key to finally unlocking the door.

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  • This looks like a incomplete proposal for a cooperative owned housing scheme which provides housing to members but somehow regards them differently to tenants, it looks like a much more restricted and ‘wooly’ version of the proposal here:
    http://dnusbaum.com/Fix.html

    I personally prefer the later approach because it seem less restrictive and better thought out for expansion and funding, even internationally.

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  • Rich Kightley says:

    I agree, after all, I guess if houses were realised 20% down on their current prices, many banks in Uk and Spain, and wider Europe would have a negative value.

    In my view, and I have told my MP, money spent on keeping up house prices and failed banks is wasted. Banks should be bought for 1p, nationalised for the duration of the crisis, the fat corrupt millionaire bankers purged, and the banks used as vehicles for small to medium business finance (not £billion leveraged buyouts). Profits from speculation and shorting the market, are unreal in that if the Euro goes bad, and the world economy goes bad, the profits will be losses in real terms.
    How smart does a Hedge Funds manager have to be to realise that he will be a bit richer than his competitors, but all will be poorer and the world will be ruined for a decade. Gambling is an illness, stop being “in denial” and give it up.

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