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Debate House Prices
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Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!
Comments
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Why do you frame you lifestyle, your 20,000 or so awake days on Earth in terms of money and realtive wealth measurments?
Is money your God?
Why would you come to that conclusion? Do you think that about everyone who talks about wealth cycles?
Its just one part of my life, I do think its important but not the most important thing.0 -
Yeees, and what happens then?
and then they live happily ever after. This is a bit like saying people will sell their cars when petrol prices rise. Train fares tend to rise at the same time so what happens to houses will not likely be in isolation.
Im presuming that was your point
5 or even 10% I think will be normal rates but now is abnormal, anyone relying on that to last would suffer I'd agree.
Cost of living will rise but would people not agree general living standards have greatly risen over the last 20 years, its going back some now.
I still see the early nineties unemployment problem as worse then now, maybe that level is where we will end up but right now its not at all bad relatively0 -
Unless home owners want to stay in their overpriced houses indefinitely they will have to reduce their prices. They have already been locked into their castles of greed for 4 years since the great crash of 2007. Will they wait another 4 years? I think not.
“And I will smite the winter house with the summer house; and the houses of ivory shall perish, and the great houses shall have an end, saith the LORD.”0 -
Because they are stupid & in denial
Or living in the house, using it everyday making good use of it. If people speculate or overbuy by getting a 6 bedroom house for 2 people then sure its hype and they are flaky.
But alot of holders need that house, selling is not much of an option in many cases.
Look first for rental prices to drop greatly. If that happens, its opening up a path for people to move to. I guess there is also mass migration0 -
sabretoothtigger wrote: »selling is not much of an option in many cases.
Many won't be selling if they don't drop their prices,, they'll be waiting a long time for the good old days.0 -
debtistheft wrote: »Unless home owners want to stay in their overpriced houses indefinitely they will have to reduce their prices. They have already been locked into their castles of greed for 4 years since the great crash of 2007. Will they wait another 4 years? I think not.
“And I will smite the winter house with the summer house; and the houses of ivory shall perish, and the great houses shall have an end, saith the LORD.”
Jesus Freak.
Try prison planet thats more up your street.0 -
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Not if the market is stuck & unrealistic with everyone still holding out for out of date old high prices.
Many won't be selling if they don't drop their prices,, they'll be waiting a long time for the good old days.
They may have to wait until mortgage payments go up so much that auction house will be flooded with property`s that the old owners couldnt keep up with their payments.0 -
debtistheft wrote: »Why are you so afraid?
You've asked this sevral times, so lets now turn your apparantly valid question back on you.
Why are you so afraid of home ownership? Much less than than 1% were repossesed in the last 30 years. Why so afraid of a small and manageable risk? Driving is risky, should we refrain?0
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