Politics: February 2008 Archives

Over the last eight or nine months I've become quite a fan of the famous website www.housepricecrash.co.uk . It was good to have a different slant on things. I have to say that lately the excitement factor seems to be wearing off a little, maybe this is due to very good evidence that Britain's house prices are coming down again. Today they took much longer to post the news about the Bank of England's interest rate decision for example. It remains to be seen whether or not we are on the brink of a huge crash of prices, with an inevitable recession, or whether Gordon Brown's miracle economy will keep surging on. Reading their news items back to 2004, when the site started, you can see that there was the distinct possibility of a crash four years ago, but it did not transpire. The terrorist attacks in London of 2005 caused a distinct wobble, however the prices surged on for another two years.