Have I mentioned house prices are going up?

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/6986770.stm

Average house prices in the UK are accelerating again, according to the Department of Communities and Local Government (DCLG).

Its latest survey shows that in July prices across the country rose by 2% to an average of £218,479.

The annual rate of house price inflation rose from from 12.1% to 12.4%, its highest since March 2005.

The main factor was soaring prices in London, where house price inflation is now 19.1%, and the South East.


Didn't sasguru sell al his London property just before the boom began? Wise old sasguru.

[Sockpuppet]

Ah man, when this crash comes its going to the popcorn event of a lifetime.

I'm off to Canary Wharf to pain a target at the bottom of the tower for the bankers to aim for.

[Lucy]

House prices in the US are dropping for the first time since the depression.

At home auctions in NZ on the weekend large losses were recorded...

Only a matter of time prawn...

[Zorba]

What's an 'at home auction'?

[BlasterBates]

DAMN

DAMN

DAMN

[VectraMan]

http://news.bbc.co.uk/1/hi/business/6986777.stm

"An unnamed boss of one of the UK's largest banks told the Sunday Times at the weekend that conditions in the money markets were the worst for 20 years. "

Now let me think what started about 20 years ago...

[RightLaugh]

yes but it was supposed to be different this time.
said the big issue seller.

[sasguru]

Now let me think what started about 20 years ago...

The boom of 1987-1990? Yuppies, Porsches, Astronomical House Prices

Boomed!

[b0redom]

....but people are always going to need places to live. Add to that the fact that even if there's a short term collapse, long term it'll always grow.

[chef]

i cannot wait,

piling up the cash until the carnage starts then chef has a new place to live until it all goes round again

survival of the fittest