LOL, this is such a repeat of the early 90's when the VI's kept repeating the same old rubbish as house prices continued to head south at a rate of knots.
House prices will fall when interest rates rise, as rise they must. We are pleased if the cost of mobile phones, beer and bread falls and we should be delighted when the cost of housing falls too. The only people who will suffer are feckless borrowers and feckless lenders – good!
The reason for the rise in prices will be the lack of supply and increasing demand (see Telegraph article p.2 today).
This will be due to an ever inceasing number of immigrants to our already overcowded island. and there is nothing the government can do about it as long as we remain in the EU.
90 % of immigrants could not afford to buy, or even rent, houses in the SE of England if they were not supported by a raft of benefits, including housing benefit. Why oh why do we pay low skilled people to come here and claim benefits?
LOL, this is such a repeat of the early 90's when the VI's kept repeating the same old rubbish as house prices continued to head south at a rate of knots.
Posted by: Chad Noble (ex ToryBlog.com) | May 31, 2011 at 12:33 PM
I do hope this is correct.
Posted by: Martin Marprelate- A Man in the Street! | May 31, 2011 at 12:55 PM
House prices will fall when interest rates rise, as rise they must. We are pleased if the cost of mobile phones, beer and bread falls and we should be delighted when the cost of housing falls too. The only people who will suffer are feckless borrowers and feckless lenders – good!
Posted by: David MacDonald | May 31, 2011 at 01:55 PM
The reason for the rise in prices will be the lack of supply and increasing demand (see Telegraph article p.2 today).
This will be due to an ever inceasing number of immigrants to our already overcowded island. and there is nothing the government can do about it as long as we remain in the EU.
Posted by: Edward Huxley | May 31, 2011 at 02:53 PM
90 % of immigrants could not afford to buy, or even rent, houses in the SE of England if they were not supported by a raft of benefits, including housing benefit. Why oh why do we pay low skilled people to come here and claim benefits?
Posted by: David MacDonald | May 31, 2011 at 04:24 PM