Anyone looking at the numerous charts of hp adjusted for inflation has to look at the peaks and troughs. Then refer to history and note that every peak was followed by a trough and we are now sitting on a very large peak.
I think interest rates will be at 6% next year! Inflation is too high and the BOE will act to break the inflation levels. Thats going to squeeze even more people, esp those on tight gearing...both land lords and owners.
We all know that houses are overpriced by any measure but yet mortgage lenders continue to talk it up.
Next year's news just in
- unemployment rises by two million
- more businesses sold to asia and europe and with that uncertainty which puts off overses investors and shares plumet.
- strikes all round
- energy costs will go up AGAIN and AGAIN
- government will tax us to save us spending more on energy and ensure there's more energy to go around and we have more in our pocket so we don't spend it on energy so they can tax us more
- transport costs will go up even though fuels costs are going down, apparantly the ******g train line still needs ****8g fixing, *****g idiots. Oh to live in Japan...
- wage increase, you aint having none, in fact your wage may go down.
- a startling report that 70% of the country are now on the poverty line
- news that clothing prices are to increase by 70% over the next 18 months due to asia economy growth
- prices for most goods set to increase at an alarming rate
- more local and government taxes unveiled
- mass riots, both against government and involving racial tension
- hunting brought back, bird flu struck at Christmas and pigeons, foxes, rats and badgers need to be culled, hundreds of thousands of humans also dead, mass graves dug.
- new european plans unearthed that allow for mass British immigration to other member countries as it looks like the UK is about to completely collapse unless something is done quickly, the housing market will be second to go after mass job losses, people will be given money to settle elsewhere, those who can barely afford to live here yet were born in this country, will be shipped out first.
- House prices will drop to a reasonable level and the geezer next door who recently remortgaged his home for the third time (it's true) - will struggle greatly. Apparantly a lot of people have done this and also taken loans out on their homes, leaving banks very worried as to how they are going to recoup losses when 60% of their customer base defaults overnight as the economy goes bust - which is why they've been raping all of us with £5 billion pound bank charges annually. Aint you wondered why they're craping it?
- interest rates reach 8% as BOE fails to figure out what the hell is going on and they've helped put us in this place in the first place by not allowing decent wage increases for the stupid reason "we don't want the country to prosper too quickly - the only people who sould benefit from any money you have is business. immigrants and government, the individual shouldnt own or afford anything"
- banks across the nation are set fire to and vandalised and British economy grinds to a near halt, until banks cut their charges the rioting won't stop, the British public have finally had enough of being ripped off by all and sundry.
- Lee's abroad, laughing because he's as happy as can be in a country he can afford to live in and should have moved five years ago when living in the UK become near impossible unless you were an MP or public servant, yes one of the servants that got crammed into employment with a nothing job just like students into universities because the government wanted to massage the figures. Five years later and the figures are finally bearing fruit...
- oh yes, figures which will cripple this nation unless it's sorted quickly.
Happy days. :mrgreen:
