I don't believe you can actually stop the boom and bust cycle.
They certainly can't stop this one. They've poured money into it for years and have only managed to get some very slight growth going on at a 0.5% interest rate. They cannot keep that interest rate going without Wiemar levels of inflation.

There's going to be a depression and the sooner they get on with it, the sooner it'll be over.
( Kroney, Tue 17 May 2011, 12:47, 1 reply, 15 years ago)

Also, viz housing in the South East
around here people have to mortgage themselves up to the hilt in order to afford somewhere. House prices have little to do with value of property and everything to do with availability of loans.

No loans = price crash. It's as true in the South East as it is anywhere else.
( Kroney, Tue 17 May 2011, 12:50, Reply)

Housing shortages are most acute in the South East, there's also a significant level of foreign investment still

( Light In Chains maker of the ikea sofa, Tue 17 May 2011, 12:52, Reply)

Doesn't make any difference if all those people wanting to buy
can't secure the size of a mortgage they'll need to buy that 180 thousand pound one bedroom flat "starter property" they want. And they can't.

So prices will come down.
( Kroney, Tue 17 May 2011, 12:54, Reply)

There's always a 90k studio in Romford
Romfords lovely
( Light In Chains maker of the ikea sofa, Tue 17 May 2011, 12:56, Reply)

Don't joke
I've even been looking in Hillingdon.
( Kroney, Tue 17 May 2011, 12:59, Reply)

Come out to Slough.
Much cheaper.
( Bartleby A dead man on vacation, Tue 17 May 2011, 13:00, Reply)

I only know Northwood there, which is quite pricey. Steer clear of Watford, that is all

( Light In Chains maker of the ikea sofa, Tue 17 May 2011, 13:01, Reply)

Life lesson right here folks!

( sporters I’m sincerely gratitude to you, Tue 17 May 2011, 13:02, Reply)

Hahahaha
watford is shitty, even compared to Luton.
( Bartleby A dead man on vacation, Tue 17 May 2011, 13:03, Reply)

It's nothing like as bad as Luton.

(Bazongaloid, Tue 17 May 2011, 13:26, Reply)

I beg to differ.
We can discuss this at Blousie's, or talk about something more interesting.
( Bartleby A dead man on vacation, Tue 17 May 2011, 13:28, Reply)

Can I put in a vote for something more interesting.
I'll bring my waterproof trousers if you like?
(Bazongaloid, Tue 17 May 2011, 13:29, Reply)

Whoah there!
Not that interesting.
( Bartleby A dead man on vacation, Tue 17 May 2011, 13:30, Reply)

Oh sorry.
I'm sure Noel can talk about walking boots, I'll nod and look interested.
(Bazongaloid, Tue 17 May 2011, 13:31, Reply)