i hear many people and pro's say englands economy is good and will stay and hold firm,

but i fear that our country is heading for a recession very soon, my biggest concern is the soaring house prices in london, it will only be a matter of time until people just cannot afford to live here.

the economy is booming tes, but people are using money to pump into it that they down own, people are borrowing way to much money from loans, and paying with everything using credit cards, when they cannot afford it,

the house prices are very high here in london and many cannot afford to get a foot on the property ladder, so are forced to rent, if a crash does not happen soon then i dont know what will,

i think a major factor is key workers, if key workers cannot afford to live and work her ein the capital, how will we function without police hospital staff ambulance drivers fire fighters etc etc, especially with our terror risks at an all time high, we cannot afford to be out of key workers,

what do people think will happen in the uk especialy in england and london the capital, recession, property crash?


peace.

I say within two years it will be widely known that both the US and England are in a recession. I think it will be one of the worst, perhaps even a depression. The global housing bubble is the biggest bubble in history by far. I think the US will be hit harder than England. The people who predict roses are often those who are selling into the remaining demand.

God I hope there's a huge POP in the housing bubble and that somehow, against all odds, the Sydney housing bubble *pops* along with the rest of the World.

But, I doubt it. AU can open the doors a little wider to Asia and many CHinese will happily have a debt for a generation or two over their heads so long as they can liver here and not in China.

Which is fair enough - I'm an immigrant after all and I like the Chinese work ethic and general mentality.


But, if housing is always so high then, I would think, many professionals may leave. I'm thinking I may leave soon - simply because I'm kind of getting a little bored. If I had a house though - then I suppose I would kind of be rooted here.


As for London, maybe they can subsidize residences. Japanese companies have to and do, along with transportation and health care.

i want to invest in some houses around stratford and sell them just before the olympics, i hope the recession doesent happen before that,

peace.

I doubt any recession will occur just because people are forced to rent, In Germany very few people can afford to buy the vast majority live in rented accomadation, and yet the economany in Germany was never adversley effected. Key staff in London will have to rent like key staff in Germany have to.

a nurse here will have to live in a little shack in the ghetto sides of town then, because the wages suck for nurses,


peace.