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Housepricecrash forum member writes to the Bank of England
And - perhaps surprisingly considering a) the bank must be fairly busy right now b) the letter writer's illiterate - he gets a reply. Here are some highlights:
Under what remit is the bank of englands job to prop up an over inflated housing market?? I now feel compelled to support the Euro currency and want no further involvement in sterling, above that I have to have. At least the Euro has sensible polocies and a more accurate measure on inflation... This is incompetence at the heighest level.
Add a giant sic to the above and you get the gist. The bank's response is pretty much a press release, but at least it's a response. Read the whole thing - including a comment thread that pretty quickly degenerates into one person calling another gay - here. And, seriously, all credit to HPC's waitingfor hpc for having the gumption to go straight to the source.
Technorati Tags: property, real estate Comments
It's about time the UK property market slumped. Unfortunately, when most of my friends bought into property in 1999, I decided to go traveling in Asia. Now I have zero wealth and my friends are all sitting on a few hundred thousand.
Horay to the property slump !!
Posted by Alec Bobdon at
April 23, 2008 7:25 AM
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And while you were doing whatever you were doing in Asia, your friends were paying the mortgage.
I don't get it. The reason there should be a property slump is because you don't want to pay for your holiday?
Posted by Ben at the Rat and Mouse at
April 23, 2008 9:52 AM
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Posted by PropertyAmateur at
April 23, 2008 10:57 AM
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A bit harsh, maybe? I'm still a bit impressed that he wrote and got a reply in the first place. Should have done it myself... but missed the boat.
Posted by Ben at the Rat and Mouse at
April 23, 2008 12:15 PM
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I assume the BoE has a workforce just to handle enquiries. I'm not entirely convinced it was all that impressive. Although, I could be wrong.
Harsh? Meh. I didn't even understand the point of the letter.
Posted by PropertyAmateur at
April 23, 2008 2:36 PM
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Currency intervention did, however, prevent a bad situation from growing worse, according to analysts. "This is exactly what Japan needed," said Nariman Behravesh, chief economist for the financial analysis firm IHS Global Insight. "If the yen had continued to rise, the contraction might have been even bigger."
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-- With files from Jerome Lessard
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March 21, 2011 8:03 PM
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