Re: House Buyers and property prices again...
I think restricting borrowing is the key to this little problem. Restrict the debt bubble and property prices will sink, as that is what they float on. This would not necessarily help first time buyers though. If you are old enough you might remember mortgage rationing. This was pretty unfair as well, and what any government is frightened witless of is kicking off a recesssion by stalling the economy.
Interest rates will rise this month, but only to get hold of inflation. Mortage payers are just the collateral damage. Next winter could be tough ride for those with big mortgages as I predict a few more bumps as the new chancellor (whoever he) under Von Brown get his feet firmly on the rudders. Oh I can hardly wait (with head in hands and sobbing gently)
Ye can come to Yorkshire...but Pateley Bridge is shut to 'incomers'. I may sign myself AlfaLincs..but this is a 'Cunning Plan'. As the tourist buses arrive in Pateley they are greeted with freindly local cries of "Spend yer money and clear off"...and "there's nowt wrong wi that food, your problem is yer not hungry enuff"..yes..all life is there...travelling at two speeds..dead slow and stop. My advice to southerners is not to stray north of Huddersfield,as the M1 is conveniently close for a rapid exit southwards when you realise what truly awful people we are. As Doctor Johnson (1709-84) said "A Yorkshireman is nought but a Scotsman with all the generosity squeezed out of him". be warned.
(Actually I prefer Wareham to Bournemouth, and did you know there are no horses in the Isle of White because most people prefer Cowes to Ryde)
Last edited by AlfaLincs; 17-04-07 at 19:40.