Wednesday, February 5, 2014

A good bubble.

Ten more years of rising house prices, predicts Osborne

"He insisted that the pick up in house prices did not amount to a dangerous bubble, and said it will be 2020 before house prices return to their pre–recession peak in real terms."

Posted by rumble @ 11:49 AM (4515 views)
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3 thoughts on “A good bubble.

  • > Mr Osborne said supply will not catch up with demand for a decade because of a “historic problem” of low house building.

    Osborne announces that it has to be this way, it’s best this way and their is nothing we or you can do to change it.

    Bo11ocks I say. It doesn’t have to be that way, if the game rules are changed then it will not be that way.

    A question for Osborne, why is it fine to print money, but not OK to build houses? Or in otherwords, why is loose monetry policy fine and a not a loose planning policy?

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  • Ten years from now, there will still be a housing crisis in the UK. Unavoidably. Which would appear to support housing prices. Unless you take the other view, which I do, that prices depend on people’s ability to pay, and that ability is almost tapped out.

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  • Osborne … hum … he’s a chancellor of the exchequer.

    And so was Gordon Brown when he sold a vast amount of the nation’s gold reserve.

    Being a Chancellor of the Exchequer does not equip you to predict or control markets.

    Frankly his pronouncements may be in themselves be a contrary indicator.

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