...so says the leftie morons.
http://www.guardian.co.uk/business/2...ty-price-crash
Tory plans to cut public spending faster and deeper than Labour could trigger a house price crash, according to analysis of the property market by City economists.
Prices could fall by up to 20% if the next government increases unemployment by attacking public sector jobs, a move that would have the knock-on effect of pushing up repossessions and undermining the delicate balance in the housing market.
RAB Capital, a City hedge fund manager, said investors in residential property must expect significant house price falls if the Conservatives win the election and carry out plans to cut waste and jobs across the public sector in their first year of office.
Economist Dhaval Joshi said the aggressive cost-cutting, designed by shadow chancellor George Osborne to fund a cut in national insurance contributions next year, would lift unemployment by almost 250,000 people and knock out a significant market prop. "Prices remain around seven times average income, which is higher than the long-run average of 5.5. It is unsustainable without continued low interest rates and government support, especially public sector jobs," he said.
So there you have it. If you vote Tory, your house will become worthless.
You have been warned!
http://www.guardian.co.uk/business/2...ty-price-crash
Tory plans to cut public spending faster and deeper than Labour could trigger a house price crash, according to analysis of the property market by City economists.
Prices could fall by up to 20% if the next government increases unemployment by attacking public sector jobs, a move that would have the knock-on effect of pushing up repossessions and undermining the delicate balance in the housing market.
RAB Capital, a City hedge fund manager, said investors in residential property must expect significant house price falls if the Conservatives win the election and carry out plans to cut waste and jobs across the public sector in their first year of office.
Economist Dhaval Joshi said the aggressive cost-cutting, designed by shadow chancellor George Osborne to fund a cut in national insurance contributions next year, would lift unemployment by almost 250,000 people and knock out a significant market prop. "Prices remain around seven times average income, which is higher than the long-run average of 5.5. It is unsustainable without continued low interest rates and government support, especially public sector jobs," he said.
So there you have it. If you vote Tory, your house will become worthless.
You have been warned!
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