Archive for the ‘house market’ tag
The Shadow of the Recession no comments
New Years Eve and Day have vanished in a blur, and now here we are in a properly new year, staring 2010 in the face. Everyone is making their new year’s resolutions. Traditionally, of course, this is a time for change, a time for a fresh start, a time for renewal. This is a time to be the person you want to be. But some things, it seems, don’t change. I was browsing a list of property prices in 2010, and couldn’t help but notice that here, in the property market, things seem as horrible as ever.
I’m almost certain that I read something about house prices going up, and might have even blogged about it a while ago, sometime towards the end of last year. Some news story or hint or glimmer of hope that suggested change – of a good variety – was on the horizon. But evidently I remember wrong.
No matter how you look at it, things for our economy are still not looking good, and as a recent graduate, that’s quite a scary thought. I still know people who are looking for a job over a year out of university. There was a time when having a degree alone was enough, but not anymore.
All the word at the pub tonight was about mortgages, too – even mortgage rates are under the shadow of this repression, which, like the enemy in a horror movie seems to never go away.
Here’s hoping things pick up soon. Otherwise, it’s not much of a happy new year so far. It’s not just affecting property buyers and home buyers, it’s affecting everyone