Monday, October 1, 2012
Death of a 1000 cut’s (financial that is)
House prices fall for a third month in a row
"Pricing will remain under slow, downward pressure but the tightening of supply will limit the scale of price falls in the short term."
Posted by happy mondays @ 08:52 AM (2061 views)
9 thoughts on “Death of a 1000 cut’s (financial that is)”
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hpwatcher says:
Once again the ”supply and demand” argument….
This is only because the labour party allowed mass immigration to keep the wages of the working man right down. How anyone who has to work for a living could ever consider supporting the Labour party is completely beyond me.
mark says:
loads of property around me for sale, plus loads of reductions too
happy mondays says:
@ 1- None of the main parties are for the working man it’s all lip service to try & keep us contented.. Keeping asset prices up makes the few very rich & the many that are mortgaged to the hilt think they are getting somewhere.. I look forward a Greek / Spanish discontentment & hopefully get some real changes happening…. Panem et circenses
will says:
The banks are surely responsible for the ‘slow death of the economy’, but they alone are benefiting from it. They have masked their true losses whilst we are loosing our savings. What will happen when the savers run out of cash? Pensioners will join the queues of benefit seekers into old age and the fiscal drag will continue for many, many years. I am sure our elected and non elected politicians know this too well, but few are telling us the truth.
enuii says:
@4 – Nice quote from a Frenchman, ‘we are consuming the leftovers of a past prosperity’, Jean Peyrelevade ex head of credit lyonnais.
enuii says:
@4 – Nice quote from a Frenchman, ‘we are consuming the leftovers of a past prosperity’, Jean Peyrelevade ex head of credit lyonnais.
hpwatcher says:
@ 1- None of the main parties are for the working man
Yes, but not all of them were supposed to be….it makes the duplicity of Labour all the more difficult to swallow.
nomad says:
Labour are going to use the money from selling off wavelengths early next year (hoping for £4bn) to build 100,000 “affordable” homes. As the housing crisis develops/remains we can expect the spec. for this type of home to be lowered, recycling shipping containers was an idea floated at the weekend. A “Pen the Peasants” campaign . . . however, no doubt, the prices will remain high enough to leave purchasers in hock to the banks for ever and a day.
happy mondays says:
Funny how there is money to be printed & given to the banks when in trouble, but yet we are supposedly in a housing shortage crises thus housing affordability crisis but not one penny thrown into the pot of government money, now there’s a good capitalist democratic society functioning healthy & well ..