OK, so the government has been caught with their pants down and the housing ‘crisis’ is continuing unabated. Let’s remember that this whole thing is caused by fear, uncertaintly and doubt rather than any actual downturn in the economy. Our glorious financial leader has decided to hint at offering a number of breaks to house buyers in a hope that it will stimulate the economy and get the markets moving.
What this has done though is cause people to think “why buy now when I can wait a few months and maybe not have to pay five grand in taxes”. This has caused the housing industry to slow even more.
While I applaud anything than means that estate agents are being laid off and house prices are falling to a level that means the likes of me might one day make it onto the property ladder (and also I get to see the pain caused to smug fuckers who recently made it onto the property ladder as first time buyers with help from mummy and daddy and are now mortgaged to the hilt and facing 17% negative equity) I also can’t help wondering if this is just going to prolong the annoying news stories about financial meltdown. I am bored of the credit crunch, I know all about it and why it happened and because of this I just think the media needs to shut the fuck up, stop predicting doom (like they do with the fictional terrorist threat) and get a real job so that everyone else can get on with their lives and wait for this whole thing to die down.
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