General Discussion

http://www.exeterexpressandecho.co.uk/Housing-prices-set-rocket-7-2014/story-20337829-detail/story.html

Utter rubbish. These morons have been predicting this every year for the last 5 years. House prices are due a big correction once interest rates go up.

House prices may well have a big correction if interest rates go up. And it'll be due to all those defaulting on their mortgages because their salaries won't have kept up with the cost of living! 

I agree Lynne.  There are a lot of people stretched to the limit.  I wonder also what will happen with those coming towards the end of their mortgages with interest only or endowments that won't cover.  How will this affect the housing market too?

I think we have been here before it will all end in tears the improvement in the economy is being fueled by folk spending what they havent got rates will increase and then back to square one.