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Debate House Prices
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50% drops by 2011
Comments
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Aberdeen and near enough everywhere else is going to crash back to 1992 prices.
OK, that was funny.
Aberdeen back above 2007 prices now.:)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
The_White_Horse wrote: »my opinion, based on no evidence at all, is that house prices will not crash. as long as interest rates remain very low and lending capped at 3x salary, they will remain static for many years.
at the moment, someone on 50k pa can't afford more that a 2 bedroom flat in some outer suburbs of london/home counties. that can't go on forever. wages will need to increase. they will eventually and prices will rise then a bit. however, in real terms they will have fallen, but not in actual price terms. a flat worth 200k today will be there or a bit higher in 2015.
however, if interest rates rocket, that is a different story as (a) people will not be able to afford their mortgage repayments straight away or once fixes end and (b) repayments will be unaffordable for new buyers so they won't borrow so much. they will stick at 3x salary max.
says the one, who wants a significant chunk of the country's workers to take a 50% pay cut0 -
HAMISH_MCTAVISH wrote: »OK, that was funny.
Aberdeen back above 2007 prices now.:)
Let me guess. Another new peak. :rotfl:
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Let me guess. Another new peak. :rotfl:
Wow is this the best graph that you could find? It seems to show prices holding up well.
Hamish I have to say geneer has proved you wrong prices seem to be higher than 2007 rather than merely equal to. I expect a lot of gobblegook random non sensical sentemces from geneer now, but you won't fool the wiser guys on the forum because you have just posted a graph which supports (even goes beyond Hamish's statement).Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »Wow is this the best graph that you could find? It seems to show prices holding up well. How come you have suddenly become a Hamish fan?
Weird isn't it?
The poor boy just keeps on posting data that proves my point.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Weird isn't it?
The poor boy just keeps on posting data that proves my point.
Crikey, he's still denying seasonality in the Scottish housing market as well, even though he posted a report recently which said:Monthly statistics from Registers of Scotland show that the housing market has picked up slightly from the low seen in March of £142,000 to a May figure of £154,000. This upturn is invariably seen at this time of year as the volumes of sales begin to pick up. There is actually a strong correlation (0.75) between monthly sales volumes and the annual growth rate.0 -
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The_White_Horse wrote: »workers may get a pay rise. it is layabout public sector that need the pay cut.
Police, Fire, Doctors, Nurses, Teachers etc are all layabout now then? aye rightio0 -
HAMISH_MCTAVISH wrote: »Weird isn't it?
The poor boy just keeps on posting data that proves my point.
And what was your point again. Oh yes.
"the seasonal variation were always there....only smaller".
:rotfl::rotfl::rotfl:
Couldn't. Make. It. Up.0 -
And what was your point again. Oh yes.
"the seasonal variation were always there....only smaller".
:rotfl::rotfl::rotfl:
Couldn't. Make. It. Up.
See post #327 in this thread. Apparently there's a strong correlation between monthly sales volumes and the annual growth rate.
Please feel free to tediously repeat your discredited arguments though.0
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