Stock market boom in October

[Doggy Styles]

Yeah, keeping house prices high seems to be the number one priority for both main parties. Perhaps they think the whole pack of cards will come crashing down otherwise.

House prices are colateral for most of the £1.5 trillion of personal debt. The higher they go, the better everybody's balance sheets!

[TimberWolf]

And if house prices stall a bit - the government will print some more money. Buyers can't lose really.

Yeah, keeping house prices high seems to be the number one priority for both main parties. Perhaps they think the whole pack of cards will come crashing down otherwise.

[Doggy Styles]

And if house prices stall a bit - the government will print some more money. Buyers can't lose really.

[SantaClaus]

This time next year we'll all be millionaires!!!!

Yeah Rodney, now help me shift these broken lawnmowers.

[MrMark]

This time next year we'll all be millionaires!!!!

[SantaClaus]

City bonuses - nar can't have that; we'll put a stop to that.
Overseas buyers - the pound has dropped so much that assets in the UK look cheap externally, but we can't have all those nasty foreigners with their dodgy money buying everything. we'll put a stop to that.

Mmmmmmmm, prospects don't look good.

ok, so foreign investors and city boys.

Well thats going to stop property prices nationwide from crumbling then!

[HairyArsedBloke]

Big sign of a bubble. And where are all these new buyers going to come from, considering the lenders are tightening up restrictions?

City bonuses - nar can't have that; we'll put a stop to that.
Overseas buyers - the pound has dropped so much that assets in the UK look cheap externally, but we can't have all those nasty foreigners with their dodgy money buying everything. we'll put a stop to that.

Mmmmmmmm, prospects don't look good.

[SantaClaus]

Not just stock markets.

http://www.rightmove.co.uk/news/hous...x/october-2009

•Largest October rise for 6 years as balance of power continues swing towards new sellers, pushing average Autumn asking prices up by 2.8% (£6,188)

•95,000 fresh stock, down 36% on 2007, including 22,000 stamp duty exempt sellers looking to cash-in before buyer incentive ends in January

•Prices now higher than a year ago with London at record high - majority of buyers expecting more rises and only 1 in 10 expecting falls

•‘Window of opportunity for sellers’ given 2010 election and economic uncertainties facing the next Government and home movers



Buy buy buy!

Big sign of a bubble. And where are all these new buyers going to come from, considering the lenders are tightening up restrictions?

[DimPrawn]

Not just stock markets.

http://www.rightmove.co.uk/news/hous...x/october-2009

•Largest October rise for 6 years as balance of power continues swing towards new sellers, pushing average Autumn asking prices up by 2.8% (£6,188)

•95,000 fresh stock, down 36% on 2007, including 22,000 stamp duty exempt sellers looking to cash-in before buyer incentive ends in January

•Prices now higher than a year ago with London at record high - majority of buyers expecting more rises and only 1 in 10 expecting falls

•‘Window of opportunity for sellers’ given 2010 election and economic uncertainties facing the next Government and home movers



Buy buy buy!

[DimPrawn]

The only way is up, baby!

Pile in, there's free money in them there hills!

[sasguru]

Yeah everything up again. So Gordon has really abolished boom and bust then.
After a minor downturn we're all in the promised land of rising house prices, rising stock markets. Boomed.

[DimPrawn]

Remember you heard it here first.