House price crash doom

[DimPrawn]

http://www.landreg.gov.uk/assets/lib...11_x1p5cst.pdf

February's data shows a
negative monthly house price
change of -0.8 per cent. The
average house price in England
and Wales is now £162,215.

The annual change is also
negative, at -1.7 per cent, which
is the second month in a row in
which the figure has been below
zero. This is also the largest fall
since October 2009.

Sales volumes averaged 56,257
per month from September to
December 2010. This is a fall
from the 65,939 average for the
same period 12 months before
this.


I'm guessing the BoE will be printing more money soon to prop up house prices.



I'll be buying more gold.

[hyperD]

http://www.landreg.gov.uk/assets/lib...11_x1p5cst.pdfI'm guessing the BoE will be printing more money soon to prop up house prices.

Almost my counterphobic crustacean; have no fear, increasing house price valuations will continue their asymptotic rise to a fiscal nirvana enjoyable by all.

[Lockhouse]

I certainly hope so as we're due to complete in 4 weeks....

[TimberWolf]

I'm guessing the BoE will be printing more money soon to prop up house prices.

Well there is a danger of inflation getting a bit low and not enough money has been printed according to Adam Posen who presumably has index linked everything and has stashed away his cash some place safe.

Bank of England (BoE) policy maker Adam Posen has fanned the debate on whether to raise interest rates by claiming that inflation is likely to fall to 1.5% by the middle of next year...The BoE Monetary Policy Committee (MPC) member has been a lone voice in favour of expanding the Bank’s asset purchase programme, more commonly known as quantitative easing, by £50bn to £250bn.
http://www.sharecast.com/cgi-bin/sha...ory_id=4135489

[AtW]

I certainly hope so as we're due to complete in 4 weeks....

Selling... or buying?