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BlasterBates
11th May 2011, 10:40
The key is holding the property market up.



does the house price slide represent the start of something more sinister, reflecting something fundamentally broken in the mortgage market beyond the healing powers of loose monetary policy and time?


George Osborne Must Move Fast on Housing - WSJ.com (http://online.wsj.com/article/SB10001424052748703730804576315430579660022.html)

hmm

Old Greg
11th May 2011, 10:44
Will the UK end up like Portugal


You mean hot? ;)

Fred Bloggs
11th May 2011, 10:47
I hope so I like the lisbon and Porto coast areas.

MrMark
11th May 2011, 10:48
Surely Ireland is a better comparison? Housing market collapses. Rainy summers and a troublesome northern part.

alreadypacked
11th May 2011, 10:51
He can either save house prices or Sterling, but not both.

My guess he will save Sterling, which may come down to increasing interest rates. This will have the effect of pushing property prices further down.

UK property price bubble was caused by cheap and easy money, both will be gone, the bubble will burst.

My guess 34% down from peak prices.

sasguru
11th May 2011, 10:55
Lets hope there is a massive crash. T'will be good for both first time buyers and cash rich buyers/ investors.
And it will have the bonus effect of being a salutory lesson to the country for the future - the economy can only survive long term if it is run for the benefit of the wise and not the foolish.

NorthWestPerm2Contr
11th May 2011, 11:58
He can either save house prices or Sterling, but not both.

My guess he will save Sterling, which may come down to increasing interest rates. This will have the effect of pushing property prices further down.

UK property price bubble was caused by cheap and easy money, both will be gone, the bubble will burst.

My guess 34% down from peak prices.


34? I was thinking more like 33.6%

wobbegong
11th May 2011, 12:15
With uneven, crappy cobbled pavements and no sense of national identity other than football shirts?

gingerjedi
11th May 2011, 12:28
I blame plastic corks.

PRC1964
11th May 2011, 13:17
With uneven, crappy cobbled pavements and no sense of national identity other than football shirts?

Eh? The thread was about theUK ending up like Portugal, not the other way round. :eyes

wobbegong
11th May 2011, 13:35
Eh? The thread was about theUK ending up like Portugal, not the other way round. :eyes

You have uneven, crappy cobbled pavements 'round your way? We have uneven, crappy paving slabs.
:ohwell

EternalOptimist
11th May 2011, 13:39
I've never been to portugal. twice. The first time I didnt go it was too hot and I didnt like the food, and the second time I had a dodgy tum the whole time i wasnt there




bored. bored. bored

:rolleyes: