Britain's housing inflation threatens the entire economy

[VectraMan]

I think we all did. But my bigger worry is (and still is) when it is unwound. Could be 1989 all over again.

As much as a housing crash would be great, the fact there wasn't one in 2008 makes it seem pretty unlikely.

[MicrosoftBob]

I can't imagine the bubble will pop, it's electoral suicide for whoever is in government when that happens so even the corporatist Labour party will do anything to stoke the housing market

[MyUserName]

Yes

Question is, do we tip off suity first so he can make his escape?

If he is there it is already destroyed!

[lilelvis2000]

I like HS2 in principle, but its likely to be a horlicks anyway.

HS2 is simply extending the commuter zone north. It will still take me 1.5 hours to get to Leeds regardless. Money is better spent on putting fibre to the house and improving rail link between Manchester-Leeds-Birmingham.

But southern folk don't understand that as many believe it to be barren up here.

[vetran]

HS2 is simply extending the commuter zone north. It will still take me 1.5 hours to get to Leeds regardless. Money is better spent on putting fibre to the house and improving rail link between Manchester-Leeds-Birmingham.

But southern folk don't understand that as many believe it to be barren up here.

extend the commuters, who then relocate as they discover the market / employees is more pleasant up there.

I know of a Pensions adviser that used to commute from the south to town every day, they realised their customers would be quite happy for her business to located out of London, she is doing very well employs a few people and lives in a little village then walks across the fields to work.

I have heard similar stories elsewhere.

Get the right people up there and business will start.

[Doggy Styles]

extend the commuters, who then relocate as they discover the market / employees is more pleasant up there.

I know of a Pensions adviser that used to commute from the south to town every day, they realised their customers would be quite happy for her business to located out of London, she is doing very well employs a few people and lives in a little village then walks across the fields to work.

I have heard similar stories elsewhere.

Get the right people up there and business will start.

I thought he meant that HS2 extends the zone for commuting to London.

So instead of working locally in Birmingham or Manchester, it would become easier to just live there and commute away to the south east.

[CloudWalker]

So in terms of buying a House now, Deal or No Deal ?

[vetran]

I thought he meant that HS2 extends the zone for commuting to London.

So instead of working locally in Birmingham or Manchester, it would become easier to just live there and commute away to the south east.

yes, and a portion of those commuting to London will start businesses, the money coming into the area will create local business to service demand for Organic Veg & meat etc.

The trick is to link to London and allow the money to spread.

[VectraMan]

So in terms of buying a House now, Deal or No Deal ?

I've been serious thinking about it again, but it comes back to the same issues:

1. The mortgage would be substantially more than the rent.
2. The places I could afford would be a step backwards from the house I rent.
3. Do I really want to be financially committed to something for 20 years AND be unable to move to find work (at least not quickly).

[Sysman]

Whereas what we should be doing is destroy the one we already have

And Slough please.

Pretty please.

Come friendly bombs etc.