Thursday, December 13, 2012

Doomsters denied?

UK unemployment falls as private sector jobs hit all-time high

It's hard to see how we can have a full on HPC with rising employment. Even if some of the new jobs are low pay and topped up with benefits, today's employment news seems to pretty much bury the chances of significant house price drops from here. Anybody care to argue otherwise?

Posted by quiet guy @ 12:01 AM (2371 views)
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5 thoughts on “Doomsters denied?

  • Nope, can’t argue this point. However, once interest rates are forced to rise it will be game on.

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  • The important thing is that the wages are low or part time or…non-existent; for example, there are a lot of interns at my company, who are paid very little or no wages at all. So, I don’t think that is the reason why there *might* not be a ‘dramatic’ HPC, that’s more to do with low interest rates, inflation etc and other factors like that.

    But we shall see….it now all depends on the bond market. The next financial crisis, will almost certainly center around that. This will engulf a lot of things, of which housing will be a component part. However, the key question – for the people who read these boards – will be to do with wealth/asset protection. At that point, interest rates will jump very significantly, so that may feed back into something very interesting for UK housing. Depends how much longer UK government can keep this ponzi going, which given poor state and mismanagement, can’t be too long.

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  • happy mondays says:

    I can just see Harry Hill as manager of Job statistics with his big wide open collar,masive calculator, shuffling through masses of paper work & jiggling figures..

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  • Waiting For Crash says:

    Even if house prices remain constant the effect of inflation will greatly reduce their value, the correction happens either way.So you have on one hand the pound retains its value and house prices crash or the pound loses its value and house prices remain constant. My prefernce is for the house prices to crash rather than seeing everything else including houses devalued. Either way we are all being robbed blind!

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  • Thecountofnowhere says:

    Keep your eye on the tax take figure….that shows the truth.

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