Tuesday, November 29, 2011

High cal bear food / candid view for once

House prices up? Hang on, weren't they down yesterday?

Quote: "This latest set of Nationwide house price data is about as misleading as it gets. Low transaction levels and low supply have led this data to bear scant resemblance to reality. "Demand is glaringly weak, and as we enter what could potentially be an apocalyptic year for the global economy, it is likely to weaken further. Rising unemployment, collapsing consumer confidence and consistently high inflation do not make for a robust property market."

Posted by voiceofreason @ 11:37 AM (1520 views)
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2 thoughts on “High cal bear food / candid view for once

  • general congreve says:

    The Telegraph is just one massive bear fest on all matters of the UK and global economy. I get it wired straight into my phone for a fantastic morale boost every morning 🙂

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  • I gave up on the banks house price reports years ago. Pure spin.

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