From The Scotsman:
HOUSE price growth in Scotland could slow to a standstill this year amid increasingly unaffordable prices and rising interest rates, property experts have warned.
The gloomy outlook came as the latest figures show house prices recorded their biggest seasonal dip for two years.
Registers of Scotland data revealed that the average price for a residential property in Scotland decreased by 2.2 per cent in the last quarter (January to March 2007) to £139,836. This compares with a figure of £143,055 in the previous quarter (October to December 2006).
I wonder if the socialist government of Scotland will realize that by reducing taxes and regulation and cutting out a large percentage of the nation's welfare state handouts and eliminating much of the bloated welfare state bureaucracy which saps the state's vitality like a tapeworm that they will create an economic boom which will allow far more Scots to afford far better homes?
Who am I kidding. They are socialists. They curse Margaret Thatcher's name to this day for taking away some of their goodies.
Well, socialists ultimately get what they deserve.
Saturday, May 19, 2007
It's called a "clue"
Posted by Lemuel Calhoon at 8:42 AM
Labels: Europe, Free Market Economics, Scotland
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