Being above the line

Posted 10 June 2009 by Neil Moore

We have a saying in our company about being above and below the line. Being above the line means that you take responsibility for your actions being below the line means you blame others and deny everything

I am going to be below the line,ready, I have not written on this blog for about a month because the market has been so busy. My team has been out valuing taking on new houses and doing many viewings we have been selling lots of houses and seeing them through to a completion. Its like the old days of early 2007 but with one exception the values are not as high. Those vendors that are taking sensible advise on the value of their homes are getting on with their lives and moving sometimes to the house of their dreams.

Values are not going to move up for at least the next 12 months even though the areas in this part of West Sussex such as Horsham, Storrington and Pulborough are pretty resilient they have all been effected by the economic downturn. Of course there are always those unique homes that have something a little special that do achieve incredible values, this could be a house with land in an exceptional location for example.

I am no economist, far from it, I only came away from Bearwood College, Wokingham with a lowly number of o'levels. However I do read a lot and my feeling is that the banks will not start lending significantly for some time, they have to correct there own balance sheets before they start lending to us.

I do think that Gordon Brown and Tony Blair have made a huge amount of errors in guiding this country through the good times but,on the other hand a Captain of a ship thinks things are fine until he hits the rocks, the key is to learn from this. I do think some of the actions taken to correct and shorten this recession has been very successful. I have no patients with those people that say' what about the debt we have built up for our grandchildren'. No doubt when it is relevant to them we will have been through two more recessions done battle with climate change and been producing revenue from jobs that have not even been thought of yet.

The labour party has an  obsession with wanting to appeal to the rich they have divided Britain between the rich and the poor more than ever. I do hope that which ever party gets in next time and there will undoubtedly be a change in the near future learns from our current experiences and plans for the future.

Go Back