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House prices rising in more than half of Britain
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IveSeenTheLight wrote: »I guess there is a lower risk of people going into negative equity amd losing their home
the irony and twisted logic in this reply is beautiful.
I'm not having a go at you - but think through what you have just said in response to my question and you will see it too."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
the irony and twisted logic in this reply is beautiful.
I'm not having a go at you - but think through what you have just said in response to my question and you will see it too.
We'll its very early morning here in Malaysia (05:00)and I didn't read the question properly.
I was answering on a house price rising theory, regardless if house prices were high or low
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »We'll its very early morning here in Malaysia (05:00)and I didn't read the question properly.
I was answering on a house price rising theory, regardless if house prices were high or low
OK. I'll let you off that one.
so, back to my original question.........
Can you tell me why high house prices are a good thing?"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
OK. I'll let you off that one.
so, back to my original question.........
Can you tell me why high house prices are a good thing?
It would be good if you come to retirement and want to downsize, thus boosting the pension pot. Lets face it, pensions are hardly the best for providing a means in retirement are they?
I guess, it's also good from an investor point of view. Investors have seen a safer more secure risk buying property rather than shares etc.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Could someboody please explain to me (in simple language because i'm a bit stupid) why high house prices are a good thing.
Evening all its been awhile since I last posted (been playing soldiers somewhere nice) anyway
this I believe there isn't really an answer only opinions.......
Labour would have you believe its good because it makes people FEEL richer...therefore borrow more therefore spend more on all the things you don't actually need but makes you feel good.....or in other words false wealth!
false because you are never rich with the actually rise of your house price until the money is in the bank.....but then you have to use more of it to buy another house so therefore was never rich in the first place.....(not for everyone but the proof that most people do this is currently happening).If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
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will it all come to an end when interest rates start to rise ?0
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