It's the Economy Stupid!

During Bill Clinton's election campaigns this was his catch cry. It's the economy stupid! Certainly it appears that, during his many travails in office including a dramatic, sustained effort to have him impeached the, then, strong US economy held him safe.
There is another bitter election campaign being fought out just now in the US and it is likely that the US and indeed world economies wont settle down until this election is determined.
Both the Bank of England and Federal Feserve are toying with the idea of reducing base interest rates yet again. Such decisions are always a play off between economic stimulation and inflation control.
Whatever. People have to continue buying and selling. Vendors have to remember that, if they are buying as well as selling, their relative position is unchanged regardless of the economic cycle. They cannot expect to get 'boom' prices for their existing homes and purchase their new homes at 'bargain basement' prices. This basic common sense, if understood, will keep the market moving in a healthy way and the earlier property people take this fundamental reality on board the better for everybody.
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