Doomed - Gordons just killed the housing market

[moorfield]

Cue lots of people pulling out of their house purchases this week .... those that were still progressing anyway ...

http://property.timesonline.co.uk/to...cle4461593.ece


What a muppet.

[stackpole]

The boom's over Gordon. You're blowing up a burst balloon.

[TimberWolf]

Stop worrying, house prices may rise 30 per cent, says forecast

http://www.dailymail.co.uk/news/arti...s-rise-30.html

[PerlOfWisdom]

Stop worrying, house prices may rise 30 per cent, says forecast

http://www.dailymail.co.uk/news/arti...s-rise-30.html

Possibly, when we've got Zimbabwean levels of inflation.

[oracleslave]

Stop worrying, house prices may rise 30 per cent, says forecast

http://www.dailymail.co.uk/news/arti...s-rise-30.html

From the mail too

BOOMED!

[DimPrawn]

Boomed!

http://property.timesonline.co.uk/to...cle3559490.ece

I guess Brown was waiting for the stamp duty on that one before suspending it. If he even does that.

[TykeMerc]

We all know how rumour drives market behaviour.

If people think that Stamp Duty will be suspended and that prices are likely to fall as well, this will noticably depress the market.

[Pickle2]

We all know how rumour drives market behaviour.

If people think that Stamp Duty will be suspended and that prices are likely to fall as well, this will noticably depress the market.

Shame el gordo didnt manage to delfate the market years ago before all this got out of hand. The markets comming back to trend, regardless. Probably the sooner prices are back to 3.5 x avareage salary the better. And it WILL happen. Nothing can / should be done to prevent it.

[TykeMerc]

Shame el gordo didnt manage to delfate the market years ago before all this got out of hand. The markets comming back to trend, regardless. Probably the sooner prices are back to 3.5 x avareage salary the better. And it WILL happen. Nothing can / should be done to prevent it.

I happen to agree with that, the house prices have been insanely high and climbing higher for far too long. There are far too many people who can't get into the housing market simply because it's been overinflated for years.

[NickFitz]

Stop worrying, house prices may rise 30 per cent, says forecast

http://www.dailymail.co.uk/news/arti...s-rise-30.html

"The CEBR says the lack of new homes in England is one of the key factors that will fuel the house price recovery... the demand for new housing continues from groups such as divorcees and immigrants."

So basically, if you want house prices to go up you should be praying for more immigrants. Fewer immigrants and prices won't recover.

That'll be a tough choice for some people on here