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That post was funny yorke. And it was all very true. Kudos. See ya's.

Well, I'll disagree there. I speculated that 8% unemployment wouldn't lead to a property slump, but what would I know? It could. Definately count out a boom anyway. But 10% plus, and I'll guess it will be a severe slump. History shows it will impact. There was 10% unemployment in 83, and...

Dunno if it's great news, better than double digets I suppose. Yep, less than 4% unemployment is full employment. Those without a job 12 months ago were unable to hold a job due to being handycapped or too lazy or stupid or incompetant. So 8% unemployment is important. It means that 12...

Did I say 8% unemployment is the end of the world? I'm saying unemployment is a leading indicator of where property goes, and I'm surprised at how so many here are dismissing what's happening in the jobs market. 8% is definately not the end of the world. The way things are going, 8%...

This is a property investing forum isn't it..?? Unemployment is certainly a lagging economic indicator, but it's a leading indicator as far as property prices go. So I would say property prices even lag unemployment in the economy. Don't dismis the effect high unemployment figures will...