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Listed below are comments made by NotGordon between Saturday, 27th September 2008 and Saturday, 11th October 2008.

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Only one conclusion 00:36am on 11 Oct 2008 Well, DontCallMeDarling has it about right; if you can afford to stay out of the housing market then gold is probably a good investment - especially if you are lucky enough to buy at the bottom of the market. But most of us would like somewhere to call home and the myth that house prices would rise forever was very tempting. After all, no-one in their right mind would lend more than the property is worth unless it was guaranteed to increase. And no-one in their right mind would borrow more either...
So the bubble grows and no-one dare say stop.
And even if I put thousands of pounds into a property that's not worth what I paid for it, at least I still have SOME residual value, better than paying rent?
At least the estate agents got rich and, so long as they didn't believe their own spin and invest in property, they should keep some of the proceeds of our gullibility.
How will B&B be rescued? 08:48am on 27 Sep 2008 Robert,
I'm not an economist and I hope someone has already considered what I'm about to suggest. If so I'd be very interested to find out what they had to say.

This is my naive proposal: Instead of propping up financial institutions that have gambled and lost how about spending the same amount on building new public housing stock? I know this would accelerate the collapse of the housing market but people need housing at affordable prices.

I can't see the logic in giving the banks more money to pour down the same hole - why are they being rewarded for destroying ordinary people's lives?

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