Admission

[Andy2]

ZIRP/NIRP are here to stay for a long time, just like in Japan for the last 20 years
soon we will have million pound bedsits in Birmingham
So buy buy buy
bye bye

[AtW]

ZIRP/NIRP are here to stay for a long time, just like in Japan for the last 20 years
soon we will have million pound bedsits in Birmingham
So buy buy buy
bye bye

You can already buy one now!

[jamesbrown]

ZIRP/NIRP are here to stay for a long time, just like in Japan for the last 20 years
soon we will have million pound bedsits in Birmingham
So buy buy buy
bye bye

Except, in Japan, house prices were progressively going down over the entire period, along with other prices. Here, we have low inflation on pretty much every measure except for housing costs in the SE (under supply) and rates in the brothel local to AtW (over demand).

[jamesbrown]

Oh, and in other news today, the current account deficit is running at 7 PERCENT of GDP. Holy feck. A post-war record. Watch that number because, if investors do get spooked (and they tend to be a bit binary), Sterling and UK assets would be clobbered. The current account deficit is basically a hair trigger. As long as we can convince everyone that we're still wearing clothes, fill yer boots!

[Andy2]

Except, in Japan, house prices were progressively going down over the entire period, along with other prices. Here, we have low inflation on pretty much every measure except for housing costs in the SE (under supply) and rates in the brothel local to AtW (over demand).

That's because their population is declining.
UK population is projected to be 80 million within 25 years.

[jamesbrown]

That's because their population is declining.
UK population is projected to be 80 million within 25 years.

Yep, among other things. Just saying that Japan isn't really an analogy. The only reason the BoE is concerned about reaching its inflation mandate here is that SE house prices aren't that important to the BoE.

[greenlake]

He's exchanged contracts on his flat....

Next....the sofa....

[BrilloPad]

And I thought this was going to be a tale of sordid things you did to squirrels.

[SueEllen]

That's because their population is declining.
UK population is projected to be 80 million within 25 years.

Be careful with those projections they always seem to go wrong..

[tomtomagain]

I'm seriously thinking of rejigging our property portfolio to cash in, while still leaving us mortgage free, as I expect a big crash soon

Define "Soon". A prediction without a time-scale is meaningless.