House crisis reality.

Many of the reports I read on Britain's house price crash seem to be coming from somewhere beyond reality, spun to aid the Government no doubt. This in today's Telegraph on City Centre Flats seems to bring more reality. Note this mind-blowing statement, however, proof if ever more were needed that lalaland still has many occupants: Agents insist that there does remain some demand for city centre accommodation because of continuing rise in rental values. In Manchester with rents are increasing to such an extent that some landlords are insisting on six month contracts – rather than a year – because they know they can increase the price after that period. They know!!!!!! that with purchase prices tumbling rents will continue increasing, do they deserve a cold bath or what? If I were a landlord and I could find a tenant daft enough I would sign one up for as many years ahead as possible - after all it is a slump and not a boom all now see approaching or are all wrong again? - Not yet methinks!