Thursday, November 29, 2012
Bear nibbles
November house price index
"The resilience of employment together with the ultra low level of interest rates has been instrumental in preventing a glut of unsold homes from building up on the market and exerting sustained downward pressure on house prices."
Posted by mark wadsworth @ 10:58 AM (2627 views)
One thought on “Bear nibbles”
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Ajax23 says:
Saliant points are that unemployment doesnt ‘look’ to be up, but thats because the available work (and theres definatly less of that too……look at output) is being spread more thinly across the working population (reduced hours, part time working etc)
Low interest rates are goverment sanctioned theft from the sensible to bail out feckless/greedy individuals and institutions (banks)
Don’t even get me started on inflation and the cost of that for most.