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Debate House Prices


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If house prices fall another 37% ...

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    LOL.

    So your predition is YOY then, not from peak, like the rest of the thread is talking about!

    House prices did not start falling until March 2008 on that index:D

    http://www.acadametrics.co.uk/FTHPI%20Press%20Release%20May%2008.pdf
    '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
  • Wookster
    Wookster Posts: 3,795 Forumite
    bluey890 wrote: »
    house price rises are wealth, its just not realised wealth until there sold.

    now i see how rochdale runs rings around u.

    Brilliant work on the spelling and grammar pal.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    bluey890 wrote: »
    it does if you have masses of BTL and need to refinance.



    house price rises are wealth, its just not realised wealth until there sold.

    now i see how rochdale runs rings around u.

    You are on a winner there, Wookie is concentrating on your spelling :D oh and grandma.
    '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
  • bluey890
    bluey890 Posts: 1,020 Forumite
    mewbie wrote: »
    Ah yes. So durign the boom as people got more 'wealthy' they were able to cash in on the value of their houses by releasing equity (not borrowing of course).

    Umm what happens when they go down? Does that wealth disappear? Oh no it can't - because they invested in 4 x4's and foreign holidays, or even... oh stop me.. I'm going to laugh... or even BTL's.

    So wealthy as prices rise. And .. er.. what is the opposite of wealthy when prices fall?

    Hilarious.

    equity release is not selling the house.
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    bluey890 wrote: »
    equity release is not selling the house.
    Thanks for pointing that out. Where did I mention selling the house? Equity release is free money, makes people feel big and wealthy. Spend like there's no tomorrow.

    Whoops. There isn't.
  • bluey890
    bluey890 Posts: 1,020 Forumite
    Wookster wrote: »
    Brilliant work on the spelling and grammar pal.

    can yuo please stop insulting my dyslexia. :(
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • bluey890
    bluey890 Posts: 1,020 Forumite
    mewbie wrote: »
    Thanks for pointing that out. Where did I mention selling the house? Equity release is free money, makes people feel big and wealthy. Spend like there's no tomorrow.

    Whoops. There isn't.

    http://forums.moneysavingexpert.com/showpost.html?p=20271773&postcount=62
    Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
    Personality type: Compassionate Male Armadillo. Sockies: None.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    penguine wrote: »
    Ah, the supply and demand argument. Nice to see that old chestnut hasn't gone away yet.

    is that the same chestnut that your very selective argument takes the earnings ratio across the UK instead of by regions.

    i hope that you realise that the House Price Earnings ratio is different across the UK.
    and i hope that you do realise that the house prices do vary by region as well as wages.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    bluey890 wrote: »
    equity release is not selling the house.
    Let's try and agree on this very simple statement.
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    chucky wrote: »
    and i hope that you do realise that the house prices do vary by region as well as wages.
    No they don't. They are / were all too expensive, and they are all becoming more affordable. All of 'em.
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