Slippers

Do you mean a dwelling with nothing but empty land about it and fashioned from wood with a corrugated iron roof? You are sounding like an estate agent with someting to advertise downunder. Your patter needs work and you should invest in some hair gel but you are going well.

bryank

if that was your best attempt to be witty.....

Don

The graph's a good one Bilbo (Nationwide?), every other bubble has burst so why not this one? In real terms, a 25% drop will sort it out, though we may need a stiff dose of inflation to ease the pain and speed up the return to trend.

Cheers - Don

Bilbo

I can see clearly now:

Don

Very amusing Bilbo and now I think you were trying to say earlier that at least the underlying trend is on the up, regardless of temporary bubles? True enough, but it takes typically 6/7 years to get the second half of the bubble out of the way. Fancy putting your dreams (whoops! I meant migration plans) on hold just because you can't sell the house without making a big loss?

Cheers - Don

Bilbo

Its a Bright, Bright SunShiny Day:

pommie bastard

You are very level headed , I must agree with what you say immigration has to founded on better ground than economic reasons .
If OZ or NZ were the greatest places in the world to live why would your bank balance matter?

Bilbo

Nothing but blue skies:

Don

Well the graph looks about right to me!

Don't forget to put NEGATIVE EQUITY shading in next time, footnote: 'Dreams on hold, can't sell the blo*dy house'.

Cheers - Don

Bilbo

Oh dear. There's a Rainbow over the Telegraph. More showers ahead:

Baghdad Bounce

Bilbo

Deflation debate shakes markets

Deflation talk and US deficit hit currencies

US economy in delicate balancing act

Japan had been the first economy to fall into chronic deflation but that the US and Europe were likely to follow

China emerges as investor favourite

US trade deficit soars to $43bn despite weak dollar

Sterling’s crises

paulf

How bizarre, all these would be experts, please give us your informed opinion please.

http://www.itv.com/news/851110.html

paulf

Louis Armstrong blowing his own trumpet again

Bilbo

Why are they worried?

Don

IMO not really at odds with anything I've been saying. The big bubble is in London and the South. Last bubble, many parts of the grim North never really saw much house price super-inflation and just went stagnant for a few years instead of going backwards as in the South.

Cheers - Don