People who don't understand economics are the only ones saying the housing
market is not going to go bust. People think low interest rates means that
house prices will not crash - this shows a lack of understanding. Crashes,
anyhow, in housing happen suddenly and violently. Houses in Japan are now
worth about 90% less than 10 years ago and they have effective 0% interest
rates. In 1911 UK house prices fell 92% in one year.

The Economist mag had a 16 page article a few weeks back saying they think
we will be lucky to get away with a 25% - 30% crash here in the UK. It said
to roll up the Economist and hit anyone over the head with it who says
different.

Anyhow, this is a DIY forum.

J.


"Capitol" wrote in message
...
It is in Essex! The treasury had great difficulty selling government debt
this week, the retail inflation rate hit an annualised rate of 7% in
June,
how long before interest rates rise?
Regards
Capitol

IMM wrote in message ...

"John Smith" wrote in message
...

Just before the dot.con crash the BBC suddenly had loads of programmes
on
with American financial 'gurus' - why do they always employ Yanks on
these
financial and style programmes - telling us to invest in shares and set
up
share clubs, etc. Of course, by the time the BBC luvvies had cottoned
onto
the rising share market the bubble was on the verge of bursting.

You can see the same thing happening now re all the house
buying/selling
programmes they are running.

The property market is not bursting.


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