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Debate House Prices


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Disaster for Britain as housing becomes more affordable

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Comments

  • Wookster
    Wookster Posts: 3,795 Forumite
    stephen163 wrote: »
    People feel wealthier and this wealth is even crystallised through remortgaging, so aggregate demand increases and the economy grows faster than it would have done

    That's exactly what has got us into this mess. People are very happy to remortgage, withdraw equity etc etc but that withdrawal relies on the value of the property increasing or staying the same.

    And it all still has to be paid back at some point.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Wookster wrote: »
    And StevieJ's kids will pay for it.

    Don't you mean "Dear Leader" Graham? ;)

    I actually meant Dictator, but hell, yer, lets go with "My beloved" ;)
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    StevieJ wrote: »
    I thought you had me on ignore :D

    You think a lot of things.

    Glad to see everything is normal today though, and you are completely wrong and hallucinating again.
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Graham_Devon wrote: »
    You think a lot of things.

    Glad to see everything is normal today though, and you are completely wrong and hallucinating again.

    You've posted a lot graham, forgive my ignorance if you have mentioned before but what do you do sir?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    You think a lot of things.

    Glad to see everything is normal today though, and you are completely wrong and hallucinating again.

    I don't know about me halucinating :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mr.broderick wrote: »
    You've posted a lot graham, forgive my ignorance if you have mentioned before but what do you do sir?

    Post under one name.

    Try it .You might like it.
  • Livto_2
    Livto_2 Posts: 70 Forumite
    geoffky wrote: »
    Has anyone seen a headline like this yet? petrol prices up is also good new isn't it? cost of living soaring welcomed? so why are falling houseprices seen by some seen as bad news when it should be a time of rejoice...

    We live in a very ill country were by the mentality seems to be...the more expensive, the better :mad:
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Post under one name.

    Try it .You might like it.

    I actually was referring to your profession.
  • skap7309
    skap7309 Posts: 874 Forumite
    geoffky wrote: »
    Has anyone seen a headline like this yet? petrol prices up is also good new isn't it? cost of living soaring welcomed? so why are falling houseprices seen by some seen as bad news when it should be a time of rejoice...


    I keep bleating this but there is always a homeowner out there to answer. ;)
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    What about, banks lose money on property backed CDO's , reduced funds available to lend to business and for consumer credit, people lose their jobs :eek: Yes hilarious isn't it :rotfl:

    We are where we are. We can be thin skinned about it or use gallows humour to lighten the load.
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