Super-duper mega BOOMED

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BrilloPad replied

18 July 2008, 19:11
Originally posted by NoddY View Post

Yes boomed.

Listen to Auntie Beeb -

http://news.bbc.co.uk/1/hi/magazine/7513563.stm :

1. HOUSE PRICES ARE UP
Believe it or not, they're still going up in places and still higher than a year ago almost everywhere

2. EMPLOYMENT RATE IS HIGH
The employment rate for the working-age population is about 75%, the highest rate in our recent history - and one of the highest in the OECD.

3. INFLATION HAS FALLEN
The Retail Price Index - the old way of measuring prices before the government changed things to produce a lower rate, known as the Consumer Price Index - has actually fallen from where it was just over a year ago.

4. LOWER EARNINGS ARE GOOD
5. WE'RE LIVING LONGER

So there you have it. BTL is back on and 1000% mortgages, forever and ever.

"in most areas house prices are still up on a year ago."

I still think over calendar 2008 they will fall.
Leave a comment:
Fred Bloggs replied

18 July 2008, 13:48
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oracleslave replied

18 July 2008, 13:37
Originally posted by DimPrawn View Post

Yes it's back to business as usual.

I would suggest putting every penny now into banking and building stock, trading on the pound trouncing the Euro, and filling yer boots on more BTL property.

YOU CAN'T FAIL!

Who do we get to credit for creating this wonderful scenario?
Leave a comment:
DimPrawn replied

18 July 2008, 13:37
Yes it's back to business as usual.

I would suggest putting every penny now into banking and building stock, trading on the pound trouncing the Euro, and filling yer boots on more BTL property.

YOU CAN'T FAIL!
Leave a comment:
Fred Bloggs replied

18 July 2008, 13:08
Time to buy builders and banking stock too?
Leave a comment:
NoddY started a topic Super-duper mega BOOMED

18 July 2008, 13:02
Super-duper mega BOOMED

Yes boomed.

Listen to Auntie Beeb -

http://news.bbc.co.uk/1/hi/magazine/7513563.stm :

1. HOUSE PRICES ARE UP
Believe it or not, they're still going up in places and still higher than a year ago almost everywhere

2. EMPLOYMENT RATE IS HIGH
The employment rate for the working-age population is about 75%, the highest rate in our recent history - and one of the highest in the OECD.

3. INFLATION HAS FALLEN
The Retail Price Index - the old way of measuring prices before the government changed things to produce a lower rate, known as the Consumer Price Index - has actually fallen from where it was just over a year ago.

4. LOWER EARNINGS ARE GOOD
5. WE'RE LIVING LONGER

So there you have it. BTL is back on and 1000% mortgages, forever and ever.
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