Tuesday, Jan 20, 2015

10 years of a bull market, 5 years of intensive support - time for deflation to hit housing?

Telegraph: Gazundering to return to the housing market as buyers get the upper hand

Inertia has hit the UK housing market as sellers await the outcome of the general election and stricter mortgage regulation suppresses buyer demand, according to property website Rightmove. The number of homes registered for sale per estate agent fell to its lowest level for five years in December, with available stock 10pc lower than in the same month a year earlier.

Posted by hpwatcher @ 10:50 AM (2681 views)
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4 Comments

1. hpwatcher said...

What can possibly go wrong?

Tuesday, January 20, 2015 10:51AM Report Comment
 

2. reticent said...

Nothing more than a short detour on the way to the moon.

Tuesday, January 20, 2015 10:52AM Report Comment
 

3. hpwatcher said...

Nothing more than a short detour on the way to the moon.

Hahahahaha in case you haven't noticed the world is in a deflation rut, in fact being overpowered by it.

The problem for the UK is that the high cost of living, is going to disqualify realistic competition in almost every single sector. Added to that the massive UK public/private debt, and it's not looking good.

Tuesday, January 20, 2015 11:02AM Report Comment
 

4. Rob Mk said...

Will it, won't it, have the richer (so they think) soon to retire age people realised they don't have a lot of money really and that high house prices are not really very good when their kids and grandkids can't partake in the 'normal' society game of property ownership?
Economies that have deflated all ready are more able to respond to making goods, it is attractive to global companies.
I can talk about Britain, our labour is locked in place by the crazy house prices or rent in some areas.
Get on your bike to find work is well and good but pack a tent. This is how the migrant labour works, they don't intend to try to buy, why its crazy money, rent a room tolerate it for a few years go home rich and buy outright.
Drifted a bit there.
Our area is seeing a lot big expensive houses with land on the market, everyone downsizing, cashing in?

Tuesday, January 20, 2015 02:20PM Report Comment
 

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