House Price Crash

[RetSet]

Where does it say the site has been sold?

[Andy2]

Where does it say the site has been sold?

loos like the site is back now

[OwlHoot]

The government would do anything and I mean anything at all to prevent a house price crash, it's insane and doing a great deal of damage to the UK economy as such a large portion of people's income is now spent on the mortgage payments their finances have become quite vulnerable.

There should be a crash. Lots of things the government should do, or rather stop doing.

This claimed constant yearly GDP growth (besides the Covid hiccup) as a measure of propsperity is a bunch of carp, and there's an easy way to prove it.

If the UK was steadily growing richer, then the fairly fixed costs of public spending would mean taxes, as a proportion of income, would generally tend to decline, whereas in fact they do no such thing. If anything, there is constant pressure for ever more tax rises. Go figure.

The problem is that, scandalously, GDP includes public spending. So there there is actually a perverse incentive for Governments to keep increasing it.

[minestrone]

Crash might not happen, but neither might price growth which was the only thing supporting this Ponzi scheme.

ehhh?