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pcernie
Legend
Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast
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http://www.bbc.co.uk/news/business-24066371Christ, I remember when Rics would have told you everything was rosey in the garden when it clearly wasn't 
_________________Plain English advice on everything money, purchase and service related:
http://www.moneysavingexpert.com/
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| Fri Sep 13, 2013 12:58 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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The problem is that the Bank of England is desperate for a housing bubble to eliminate the potential losses from housing loans. The banks are probably insolvent if you had mark to market valuations again, and no more QE.
_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Fri Sep 13, 2013 2:32 pm |
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l3v1ck
What's a life?
Joined: Fri Apr 24, 2009 10:21 am
Posts: 12700
Location: The Right Side of the Pennines (metaphorically & geographically)
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If the government stops using tax payers money to guarantee loans, then prices wouldn't rise so fast.
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| Fri Sep 13, 2013 8:19 pm |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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Ignore London prices where 85% of recent sales are to foreign cash buyers, that skews that market entirely. Newcastle is also having a boom apparently, though that could be down to other factors. _________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Fri Sep 13, 2013 11:28 pm |
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ShockWaffle
Doesn't have much of a life
Joined: Sat Apr 25, 2009 6:50 am
Posts: 1911
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Don't exaggerate again. The number is for 85 of prime Central London properties. Multi million pound mansions in Mayfair represent a tiny proportion of this cities housing stock.
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| Sat Sep 14, 2013 2:10 am |
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Amnesia10
Legend
Joined: Fri Apr 24, 2009 2:02 am
Posts: 29240
Location: Guantanamo Bay (thanks bobbdobbs)
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_________________Do concentrate, 007... "You are gifted. Mine is bordering on seven seconds." https://www.dropbox.com/referrals/NTg5MzczNTkhttp://astore.amazon.co.uk/wwwx404couk-21
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| Sat Sep 14, 2013 2:57 am |
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ShockWaffle
Doesn't have much of a life
Joined: Sat Apr 25, 2009 6:50 am
Posts: 1911
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So I'm correct, you were misrepresenting the facts. Thanks for researching that for me, but it was pretty obvious, the stat as you presented it was clearly not plausible.
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| Sat Sep 14, 2013 3:04 am |
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