General Discussion
Thought this link might be of interest.
http://www.barratthomes.co.uk/Find-a-Home/New-Developments/H5018-Sandpipers/?mode=1
Good to see they are building nice-sized detached family homes. Overpriced, unaffordable and not enough of them, but otherwise good.
I can't wait until the BoE puts up interest rates to end this crazy housing bubble once and for all. Found this on their website the other day.
http://www.bankofengland.co.uk/publications/inflationreport/ir10nov.pdf
Chart 1.9 - property prices, shows that the commercial property bubble burst after the banks failed and went back down to pre 2000 prices. They have been lifted since because of the crazy monetary policy of the BoE, which can be summed up as 'keep the housing bubble inflated at all costs'. Who cares about unemployment and rampant inflation as long as property portfolios are not affected.
I think give it a year and we will see what is happening in Egypt happening here in the UK.
It could be sooner, Lynne that is true, but I think the government has not yet p*ssed off enough people for an uprising like we see in Egypt. They have of course already p*ssed off most people under the age of 25 (tuition fees trebled, no hope of ever buying a house, etc.).
The reason I say a year is because many of the government funded agencies are being phased out by March 2012. There will be no jobs for these people to go to so we will have a lot of people in the same situation as the under 25s. Add to these the pensioner who will soon have to spend all their meagre pension on food and I think we will have enough people sufficiently p*ssed off.