From: "Tumbleweed"
Newsgroups: uk.politics.misc alt.politics.british uk.finance
Subject: Re: King sounds warning over economy. House prices overvalued and bankrupcies risk becoming large social problem.
Date: Wed, 10 May 2006 19:45:10 +0100
"Crowley" wrote in message
news:1147279771.720655.215310@i39g2000cwa.googlegroups.com...
>
> Miss L. Toe wrote:
>>
>> Only until and unless the population drops dramatically (?bird flu), and
>> the
>> supply/demand ratio changes.
>
> There's more to it than simple supply and demand as evidenced by the
> historically large inventory of houses on estate agent's books and the
> shortage of buyers for them particularly at these prices.
what makes you say that? there was a report in the FT (iirc) on monday
saying that there had been a large increase in the amount of houses sold in
the first 3 months of this year. You seem to 'wish' there to be a bubble and
a pop but evidence at least shows there isnt a pop or any sign of one.
--
Tumbleweed
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