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Allthough in a stroke of genius Gordon Brown handed over the control of interest rates to the Bank Of England so when rates rise he dosnt get the blame he does in fact still pull the strings as he appoints the people who sit on the board and decide what the rate will be, there should be a board of 10 but at the moment only eight because Gordon is finding it hard to fill the vacancies as the money is piss poor only ?90.000 a year and its not even full time, anyone want a job!shocked!

If anyone could answer this question accurately, they'd be rich. UK property is said to be overvalued, but what event(s) might trigger the downturn, who knows?

There are so many things going on that could screw the world economy: the Americans are itching to attack Iran, and that's one of many things that could send everything downhill fast.

strictlybroadband wrote:

> If anyone could answer this question accurately, they'd be
> rich. UK property is said to be overvalued, but what event(s)
> might trigger the downturn, who knows?
>
> There are so many things going on that could screw the world
> economy: the Americans are itching to attack Iran, and that's
> one of many things that could send everything downhill fast.
>
planeterotica wrote.

Yes and North Korea now have a nuclear capability which may cause a few problems in the years ahead!sad!

well the property market in london will semi collapse when the thames floods and all those fab riverside complexs fall in the sea.

i say we all sabotage the thames barrier and see what happens.

You wouldn't say that if you lived on the ground floor. !grin!

sandie wrote:

> well the property market in london will semi collapse when the
> thames floods and all those fab riverside complexs fall in the
> sea.
>
> i say we all sabotage the thames barrier and see what happens.

planeterotica wrote.

The Thames Barrier was just a waste of money it has never really been put to the test and probably wouldnt work if it was, it just makes Londoners feel safer when we get bad weather and of course has pushed up the prices of waterside appartments!love!

Read my post!properly, I have NEVER bought a house that dropped in price, big or small...never, and we have owned over 20. So you either paid too much in the first place and were ripped off, as in buying a new house! or the council inflated the purchase price when they sold it to you.. ask ANY solicitor/conveyancer if your not sure of the facts.

Lizard, did you buy a house in 1988-90? Because if you did, I'd be amazed if it had not fallen in value by 1993. Most houses fell in value by about 20% at least. If you have been buying houses since the mid 90's you have never seen a fall in the housing market, but they can and do happen.