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View Full Version : Super Duper House Price Doom



sunnysan
28th June 2008, 09:28
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/28/cnhousing128.xml

So now its 2015 until hopuse prices start to rise, which is fine by me but I would like to dig a little deeper into what this "expert" has said



The housing market will not return to its pre-credit crunch health for at least six or seven years, an expert adviser to Gordon Brown has warned.

Health!!! WTF is this man (assuming the article has not misconstrued what he has said) is this man talking about?

Although home owners where making money, it seemed pretty obvious then and now that the status quo was not sustainable with house prices underpinned by securitized debt.

Now this man is suggesting that that is healthy?

expat
28th June 2008, 09:41
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/28/cnhousing128.xml

So now its 2015 until hopuse prices start to rise, which is fine by me but I would like to dig a little deeper into what this "expert" has said




Health!!! WTF is this man (assuming the article has not misconstrued what he has said) is this man talking about?

Although home owners where making money, it seemed pretty obvious then and now that the status quo was not sustainable with house prices underpinned by securitized debt.

Now this man is suggesting that that is healthy?I've been arguing this for ages, to deaf ears, that what the British call a healthy housing market is actually an unhealthy market.

Never mind, everybody loves the market when they make money.