Uber Doomed

[TimberWolf]

House prices are at August 2006 prices - only 3 times what they were worth in 1991.

http://www.dailymail.co.uk/news/arti...s-paid-it.html

[TimberWolf]

Perhaps the boom was actually an illusion based on multi-billions of debt. I could do the same if I had unlimited credit on my credit cards. Unfortunately I would have to pay it back one day so I would not allow that situation to happen. New Lie either did not understand or totally ignored this commonsense with regard to income and expenditure. We, and they will now pay the price !!

Booms aren't new, they happen before busts. Anyway money is rubbish, it has no intrinsic value hence the vast amounts of pseudo-science associated with it. Western nations are getting richer despite increasing monetary debt because the real currency, energy, is being used and moved around more than ever before.

[Cyberman]

How come we are ready to disbelieve boom news in boomed times and yet are ready to believe doom news in doomed times?

Perhaps the boom was actually an illusion based on multi-billions of debt. I could do the same if I had unlimited credit on my credit cards. Unfortunately I would have to pay it back one day so I would not allow that situation to happen. New Lie either did not understand or totally ignored this commonsense with regard to income and expenditure. We, and they will now pay the price !!

[Bagpuss]

Hang on where are the "supply and demand" experts. Thos who were telling us prices couldn't go down due to the demand on housing from immigration.

As I've been saying for a while, house prices are determined by the money supply and expectations, everything else is a side issue

[stackpole]

How come we are ready to disbelieve boom news in boomed times and yet are ready to believe doom news in doomed times?

Because we are clever. The booming of the past few years was just making the dooming of the next few years worse.

[Diver]

There is now only one option, for saving this great nation:

I think that all banks & building society etc. should be nationalised.
All land and property reverts to the government.
All private cars removed from our roads.
All off licenses, pubs, clubs etc. banned from selling alcohol.
Children between the ages of 4 & 18 forced to attend school 350 days a year (12 hour days).
ages 18 to 26 to serve at least 2 years in military service.
Death sentence brought back in for drug dealers, paedophiles and people with bad personal hygiene.
Removal of a hand for theft.

VOTE DIVER !!!

[TimberWolf]

How come we are ready to disbelieve boom news in boomed times and yet are ready to believe doom news in doomed times?

[Malingering BA]

No, no, no. Prices to surge 25% - fact.

[oracleslave]

It's because it's all in the minds of Daily Mail readers.

[TimberWolf]

It's because it's all in the minds of Daily Mail readers.

[DimPrawn]

How cdan they have a figure for July's dip when July isn't even done yet?

It's because it's all in the minds of Daily Mail readers.

[TheBigYinJames]

http://news.bbc.co.uk/1/hi/business/7534052.stm
Boomed!

How cdan they have a figure for July's dip when July isn't even done yet?

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7534052.stm

UK house prices showed their biggest annual fall since the Nationwide began its housing survey in 1991.

The 8.1% annual decline came after house prices dropped by 1.7% in July, the building society said.

The average home now costs £169,316 which is nearly £15,000 cheaper than in the same month last year.

The Nationwide survey found that house prices have fallen for nine months in a row and were at their lowest level since August 2006.

Boomed!

PS. The "soft landing" promised by "experts" can be seen here. http://newsimg.bbc.co.uk/media/image...s_31_08_08.gif