Do you think house price Will continue to fall in price and who is to blame ,the government, banks or both?

Question

or who?

http://uk.news.yahoo.com/skynews/20080715/tuk-house-prices-slump-to-record-low-45dbed5.html

Answer 1

I think they may fall more, but it will recover as we always have. What determines the length of the coming depression is good government and banking and forsight, which we seem to have.

It is in reality the fault of the public. The Banks have an agenda, and it is the individual who must take personal responsibility. So much irresponsible finance has fuelled the credit crunch.

Answer 2

The "Freemasons" The "Brotherhood of Death"

It is a secret society, because you do not know who members are and what they plan to do. They do not give much to charity because their charity is their own members.

They look after their own, any child needs life saving surgery the fraternity pays for it.

It is corrupt they own the federal bank and the bank of England, they print money out of nothing and it is not regulated. They include the Rothschild’s, Morgan’s and the Rockefellers. Blair and bush are high ranking masons; Blair is a 7th degree mason. There are two factions of the free masons originating in the UK the York right and the Scottish right. Masons from York went and build major buildings in New York including the statue of Liberty, the moved from York England and build a city in America and called it the New York. Washington including the Whitehouse was build by freemasons from Edinburgh Scotland.

The free masons control the economic order of the world and it is they who are creating the economic fall at present. Money means nothing to them as they have too much; it’s about power for them and the games they play with us. We are their monopoly board and we are expendable. Their plan is to reduce the population by 85% through war disease and ill health

Dr Gallo (Go to you tube and type in his name) was funded in the 1960's by the US government to produce a deadly virus to reduce the black population in America. All the vaccines for Aids contain the aids virus and mercury. All vaccines for children and the flu bug contain the 2d most deadly poison on earth MERCURY. They put fluoride in our water which destroys the thyroid gland and leads to cancer. They put cancerous chemicals in our processed foods and poison the air over our cities. There is a cure for cancer but they will not tell you because the pharmaceutical companies are owned by them, they and cancer are the biggest money making rackets after war and oil. All cancer is, is a vitamin deficiency of B17 and vitamin D which creates a strong immune system fighting cancer.

The Rothschild’s were the largest and richest land owners in the UK during the Napoleonic war. When Britain defeated France at Waterloo Rothschild was the first person to be informed. So he went to the stock market and sold all his property. Other wealthy owns watched Rothschild selling all that he owned so the quickly followed suit thinking that they had lost the war to France. When they did Rothschild bought everything back and more and huge discounts. Forget the wealthy Arab prince's the Rockefellers and Rothschild’s have far more wealth and one time they owned two thirds of the world!

Masonic Entered Apprentice Oath.  Entered Apprentice is the first of the three basic degrees of Masonry.

To all of which I do solemnly and sincerely promise and swear, without any hesitation, mental reservation, or secret evasion of mind in me whatsoever; binding myself under no less a penalty than that of having my throat cut across, my tongue torn out, and with my body buried in the sands of the sea at low-water mark, where the tide ebbs and flows twice in twenty-four hours, should I ever knowingly or willfully violate this, my solemn Obligation of an Entered Apprentice.  So help me God and make me steadfast to keep and perform the same.

Masonic FellowCraft Oath.  FellowCraft is the second of the three basic degrees of Masonry.

To all of which I do solemnly and sincerely promise and swear, without any hesitation, mental reservation, or secret evasion of mind in me whatsoever; binding myself under no less a penalty than that of having my left breast torn open, my heart and vitals taken thence, and with my body given as a prey to the vultures of the air, should I ever knowingly or willfully violate this, my solemn Obligation of a Fellow Craft. So help me God and make me steadfast to keep and perform the same.

Masonic Master Mason’s Oath.  Master Mason is the third of the three basic degrees of Masonry.

To all of which I do solemnly and sincerely promise and swear, without any hesitation, mental reservation, or secret evasion of mind in me whatsoever; binding myself under no less a penalty than that of having my body severed in twain, my bowels taken thence, and with my body burned to ashes, and the ashes thereof scattered to the four winds of Heaven, that there might remain neither track, trace nor remembrance among man or Masons of so vile and perjured a wretch as I should be, should I ever knowingly or willfully violate this, my solemn Obligation of a Master Mason. So help me God and make me steadfast to keep and perform the same.

NOBODY WHO MAKES AN OATH LIKE THAT IS FIT TO SERVE THE PUBLIC!

Answer 3

Yes i think house prices will fall a lot more. The us economy seems to lead the way and listening to the news its all doom and gloom.

The government is difinatly to blame, they should build more houses and have regulated banks properly. There is still a shortage of housing and builders have stopped building !

People need afordable housing with the average house price around £270,000 thousands of people can not afford to get on the housing ladder.

Answer 4

In the UK house price will follow its demand and inflation. Because of limited land and high costs of building materials. Houses and homes are essential part of our standard of living.. There will always be demand for houses. So house price cannot continue to fall but in fact should rise in time. The main problem now is the credit crunch. Which the banks and the government must look into seriously. Banks should complete their write downs on their mortgages losses. Find more capital and restructure their existing organisation structure, their lending quidelines and banking systems to get on with their business. The government should be more vigilant with its regulatory responsibility and supervision on Banks to ensure there is not repeat of the Northern Rock collapse which is the worst in the history of British Banking. The present negative perception of Banks by their customers is a prime concern in the banking industry. Banks should restore and regain their customers confidence and the glorious times, where bankers are treated with respect and trusted as a custodian of people's money and customers can get the best banking services without any doubt. And for goodness sake, those banks which are resorting to 'short sales' of their distressed mortgage customers, to stop such practices and think of ways to help those customers from losing their homes

Answer 5

House prices rose to ridiculous heights and forced the people on the bottom rung of the ladder to rent instead of buying, this had an ongoing effect whereby people wanting to move up in the housing market couldnt get the price they wanted for there property. In one word greed is the cause of the present situation

Answer 6

In Cornwall...Greedy sellers who sell to 2nd home owners.Also Banks for granting outrageous mortgages.

Answer 7

Largely the banks because they have lent money recklessly which has allowed people to spend more than they can afford on buying houses.

The government a bit because people buy houses as an investment rather than somewhere to live and they have done that because of lousy pension provision and awful companies like equitable life - yes I have one of their policies - so we are back to the financial services industry again!

And we mustn't forget ourselves to a greater or lesser extent house buyers have been guilty for paying stupid prices and thinking our wealth is what our house is worth.

Answer 8

The banks are to blame,Lending money they don't have.

Answer 9

the more over price property was in the first place the more they will correct.  (think london and city centre high end flats in general)

this one is not the fault of any government,  because banks in america have lent billions to poor americans who could never pay them the mortgage.  the americans have lost their house and nobody wants to buy them so the banks have lost their investment.  

The rest of the world who invests in america have been stung by the ripple effect.

Answer 10

Property is significantly over priced and must come down.

The problem is not the fall in house prices but the rise over recent years. The Bank of England/Government should have exercised tighter monetary control to have prevented the excessive house price rises during the last eleven years.

High house prices boosted stamp duty, capitals gains tax and estate duty receipts so our short sighted, greedy chancellor raked in the revenue with little consideration for how as Prime Minister, he would handle the fall out.

Answer 11

I think Clive above has got it right - no more boom and bust ?  Then what is this then ?

Answer 12

Government should have stepped in when the house prices rose so much that they were daft prices, this would never have happend.

What goes up must come down!

Answer 13

Is there any point in trying to blame someone/thing.  Any economist will tell you that price is the interaction of supply and demand, so should we blame greedy sellers?  Any bank is just a business, if they have poor business practises (i.e. lend money too cheaply to people who can't or won't pay it back) they will eventually go out of business.  As will any business that doesn't have a good product.  Admitedly the government could have done something - e.g. regulate to prevent the banks lending out more money that they have, but they didn't.   Price will continue to a level where people decide that houses represent good value for money.  There is some way to go yet.