tag:blogger.com,1999:blog-1141932539860553199.post5691873699020395679..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Legal and economic incidence of a tax (part 94)Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1141932539860553199.post-60339895482286835402014-12-14T10:34:43.224+00:002014-12-14T10:34:43.224+00:00AS, the economy is still on a downward trajectory,...AS, the economy is still on a downward trajectory, has been since 2008 or so.<br /><br />It's like the period between the mid-1970s and the mid-1990s, occasional credit-fuelled upturns following by long grinding downturns, we'll not be out of the woods for another ten years.<br /><br />So rents will stabilise at a high level (because that's what the government wants) and I expect interest rates to stay low for a very long time (weak economy and governments determined to keep them down).<br /><br />Therefore, not much will happen to house prices overall.<br /><br />Is my expectation.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-15706287553533171692014-12-13T19:17:27.606+00:002014-12-13T19:17:27.606+00:00OK, Mark - what's your view of the likely hous...OK, Mark - what's your view of the likely housing prices in the coming (say) 6-12 months. <br /><br />In general, do you have a view on the economy leading up to and after the GE in May.Andrew Smithhttps://www.blogger.com/profile/17671242562855245457noreply@blogger.com