Nobel Laureate Paul Krugman makes a sensible comparison of the debt crisis in Britain with Greece in the New York Times. His major error to say that an advantage for Britain of retaining its own currency is in possessing the ability to reduce its real debt levels through inflation. However, to do so could be quite [...]
All posts in category House Prices
Inflation – How NOT to eradicate the deficit.
Posted by manicbeancounter on May 1, 2010
http://manicbeancounter.com/2010/05/01/inflation-how-not-to-eradicate-the-deficit/
Nationwide and Halifax house price recovery is fragile
The recovery in house prices reported in the Nationwide and Halifax indices underlies a significant issue – that many existing borrowers would see a much higher rate of interest if they moved mortgages. As an example, my own repayment mortgage is currently 1.9% annual interest rat, or 1.4% above base rate. If I moved house Nationwide’s best [...]
Posted by manicbeancounter on October 6, 2009
http://manicbeancounter.com/2009/10/06/nationwide-and-halifax-house-price-recovery-is-fragile/
Forecast for UK House prices – 6th Jan 2009
Using a composite of the Nationwide and Halifax indices, I forecast average house prices will fall a further 30% from December 2008 levels to £115,000. One of the big uncertainties for the economy at present is the appropriate level for house prices. With the Halifax just announcing a 2.2% fall in house prices in [...]
Posted by manicbeancounter on March 30, 2009
http://manicbeancounter.com/2009/03/30/forecast-for-uk-house-prices-%e2%80%93-6th-jan-2009/
UK House Prices – How Low Will they go?
During my Christmas I tried to forecast house price movements – I reckoned they would fall a further 30% from the level of November 2008 to around £115,000, or just over 3 times earnings. This was based on:- - Looking at both the Nationwide and Halifax indexes, looking at the long-term trends. - [...]
Posted by manicbeancounter on March 30, 2009
http://manicbeancounter.com/2009/03/30/uk-house-prices-%e2%80%93-how-low-will-they-go/
