Topic: housing

House prices just got lower

With the UK on the verge of a recession the number of houses sold is likely to be at its lowest level for 30 years! Which is 30% lower then last years, according to a housing expert. The Council of Mortgage lenders is predicting a 7% fall in prices in 2008. Houses are staying on the market for longer and owners have to lower their asking prices it’s a buyers market and many buyers are waiting it out for the estimated high drop. If you put your house on the market today there is a one in 5 chance of selling it. No-one likes those odds. One man said that he had to lower his asking price by 10% because of the lack of interest in his house. All this only reinforces the ideas of us falling into recession; I believe we are already there.

Companies will fool you?

If you enjoy surfing the net and looking at people blogs and read other peoples ideas about businesses you like or enjoy, however, did you know that many blogs have been made to lie to you giving false opinions? Well they have. Companies caught out posting these bogus blogs - or “flogs” - include Sony, L’Oreal and Wal-Mart, while a whole vocabulary has gradually emerged to describe their actions.

Now, however, this kind of tactic has been ruled an unfair commercial practice by Brussels. From 26 May, any UK firm breaking the rules may face prosecution, stiff fines and possibly even jail terms for its staff.