If you read my “4 Questions to answer before the 2010 Property Crash” and moved on, then I suggest that you look at this picture, and then if you have stomach for it – read the article.
The Last 3 Recessions
Look at the graph and tell me when you think that we are going to get back to where we started – I reckon another 4 years, but you tell me what you see?
Next read the article – notice …. if there are signs of recovery in the Property Market the Government intends to take advantage of it and reverse the Quantitative Easing. The stimulus that is prompting the recovery will be removed as soon as there are signs of a recovery – it’s there to prevent freefall, not to inflate prices.
Tags: Finance, Interest Rates, Property
Posted in General on October 23rd, 2009 | 1 Comment »
Harold Wilson once mused that for the man who had just lost his job, the rate of unemployment was 100%. This means that for those of us still employed the rate of unemployment is 0%. That hurdle overtaken we can look forward to the recession with optimism:
- Our mortgage, overdraft, & credit card bill is cheaper thanks to lower interest rates.
- House prices are tumbling, making it the ideal time to buy, move up market into that nicer area we’ve always longed to live in (think Pimlico).
- The crash in the value of the £ has made London stupendous value for money on the international market. Standby for a flood of tourists this summer, but it doesn’t stop at tourism – for any international business London just became cheap as well as best.
- As The City & Banking just became the pariahs of the Business World we will see our brightest & best young people go into useful careers (think Teaching, Engineering …. )
- At a time of major investment in The Olympics, Tube upgrade, the East London line, DLR extensions, and Crossrail, we will get better value for money from the expenditure.
Yes – it’s safe to say that 2009 will be a boom year for residents of Central London.
Tags: Finance, Interest Rates, London, Recession
Posted in General, London on January 5th, 2009 | No Comments »
