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Debate House Prices
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House prices need to drop 40% to be affordable discussion
Comments
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:rotfl:
"£60K off your average detatched house.
Yay. Bulls win!"
or
"20% off your average house.
Yay. Bulls win!".
Of course its not a house price crash is it pimp?
Yet, if you truly believed that we have experienced a crash, you would of purchased a house by now...... Surely? Aren't you meant to purchase at the bottom of the market? or have you missed the boat.... Alternatively, you can't afford a ticket to board.
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Jack_Johnson_the_acorn wrote: »Yet, if you truly believed that we have experienced a crash, you would of purchased a house by now...... Surely? Aren't you meant to purchase at the bottom of the market? or have you missed the boat.... Alternatively, you can't afford a ticket to board.
Can't see how whether or not one individual has bought effects the realities of the market Jack.0 -
Can't see how whether or not one individual has bought effects the realities of the market Jack.
You consider yourself a bear
You say the market has crashed
But clearly by not enough as you still haven't bought......
So either there hasn't been a crash of epic proportions
Or there has been a "crash" but you can't afford to buy...
Cheers :beer:0 -
Jack_Johnson_the_acorn wrote: »You consider yourself a bear
Most other posters do to.
As do some of the less juvenile bulls.Jack_Johnson_the_acorn wrote: »You say the market has crashedJack_Johnson_the_acorn wrote: »So either there hasn't been a crash of epic proportions
Or there has been a "crash" but you can't afford to buy...
It is currently about the same in nominal terms as the last crash.
You've chosen to put forward a transparently loaded question, which discredits your own discussion skills more than it does mine.
Again, whether I have or have not bought has nothing to do with the facts of the levels of house price falls.0 -
oh but I believe it does In your area.....Most other posters do to.
As do some of the less juvenile bulls.
But I'm not a bull................. what is it that that has you seething so much. Jealousy? Are you impoverished?
It is currently about the same in nominal terms as the last crash.
You've chosen to put forward a transparently loaded question, which discredits your own discussion skills more than it does mine.
It was more more of a jab to make me giggle... I don't believe that its possible to have a sensible discussion with you.
Again, whether I have or have not bought has nothing to do with the facts of the levels of house price falls.0 -
Jack_Johnson_the_acorn wrote: »oh but I believe it does In your area.....
Sadly one posters belief systems has little to do with the facts of the levels of house price falls either.
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OK, let's define 20% nominal falls over a 3 year period as a "crash". That'll simplify things. It isnt quite what the bears told us what a crash was (70% nominal by Christmas I think was the generally accepted definition, and it was due to start from 2004 prices), but if what I'd have called a "correction" followed by "stagnation" is actually a "crash" then we're all agreed that we've had one. All friends now, eh? Isn't it easy when you use clear definitions?
Two questions: what is the trend on the graph now for Manc Metropolitan?
And what has this to do with the idea of 40% nominal falls to come in the topic? If we had only 20% falls during one of the biggest losses in global financial confidence in history, and we've had stagnation through a period of enormous uncertainty in the eurozone, what exactly is going to cause these drops?
It's laughable really. Cry Cassandra, and then adjust the prophecy in retrospect.0 -
OK, let's define 20% nominal falls over a 3 year period as a "crash". That'll simplify things. It isnt quite what the bears told us what a crash was (70% nominal by Christmas I think was the generally accepted definition, and it was due to start from 2004 prices), but if what I'd have called a "correction" followed by "stagnation" is actually a "crash" then we're all agreed that we've had one. All friends now, eh? Isn't it easy when you use clear definitions?
Two questions: what is the trend on the graph now for Manc Metropolitan?
And what has this to do with the idea of 40% nominal falls to come in the topic? If we had only 20% falls during one of the biggest losses in global financial confidence in history, and we've had stagnation through a period of enormous uncertainty in the eurozone, what exactly is going to cause these drops?
It's laughable really. Cry Cassandra, and then adjust the prophecy in retrospect.
Yes but if it hadn't been for the 0.25% interest cut in 2005 and the lowest interest rates on record since March 09 then the bears would have been right (and much earlier).
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