What does it actually mean? There have been two schools of thought on this forum. There are largely two camps, one camp say we are heading for a decline in property houses and possible popping of a credit bubble.
There are others, like myself who tend to think that it will keep on steadily rolling along, with minor adjustments happening. I see the style of this Government as "steady" they do not do things that happen quickly...also I see the rise in house prices as being not so bad as you think . We are NOT having the highest price of an average house in Europe, not by a long shot, also you may find similarly that we are not so bad off as people think.
What would the actual reality be if we really did have some kind of property correction. In germany, they are having three times as much unemployment as we do, but there economy is about four times bigger than us. Really we are dwarfed when compared to germany. How many of you reading this have been to germany?
I long to start selling my products in germany, I love germany, I just can't speak german. Which is a problem. But everything is in really good condition in germany, everything is clean, the buildings are having the latest technology fitted, the roads, and cars are all in good condition, even those who are unemployed are having a good living..better standard of living than us in the UK..that is my observation!
So what does it actually mean? Does it mean business can't make a good living?