Crash Cancelled and Gay Elephant

Heyman_2

Here's one for the 'it's in the paper so it must be true' brigade - no more silly house price crash then

http://www.express.co.uk/posts/view/94263/New-hope-on-house-prices

I believe this is also today's front page on the Daily Express.

Oh, and just to add a bit of irreverance (irrelevance), here's a story about a Gay Elephant -

http://uk.news.yahoo.com/22/20090410/tod-oukoe-uk-poland-elephant-b7e5c6f.html

Davesnave

The Express headline is totally inappropriate, unless you are a loony old git, sitting on an expensive paid-for house......Oh, hang-on, that's 90% of the Express readership.

I've noticed some over-priced stuff coming out of the woodwork in our town in the last few days though and, judging by the decor, obviously owned by the demographic previously described. Maybe not so loony after all then.

Just looked at the picture. Couldn't they find anyone else to pose for a photo, besides a 6th former with a penchant for his GF's (admittedly shapely) bottom?

1984ReturnsForReal_2

I bet it all works out in 4 years.


The Elephant that is...

jojo1964

House prices are only one small part of our economy, and with a rising population, combined with house building projects being curtailed simply means that demand will outstrip supply, leading to increasing prices.

ad44downey

The daily express isn't even good enough to wipe your harris with

Heyman_2

I still don't see where all these suddenly willing buyers are going to get their money from, seeing as 90% deals are still very thin on the ground/expensive.

I wonder how the £7.6 million Elephant House has been affected by the downturn? Back to 2003 prices maybe?

1984ReturnsForReal_2

Heyman wrote: »

I wonder how the £7.6 million Elephant House has been affected by the downturn? Back to 2003 prices maybe?

Nah.


Elephants are still queuing up in droves for somewhere flash to live.

StevieJ

Heyman wrote: »

Here's one for the 'it's in the paper so it must be true' brigade - no more silly house price crash then

http://www.express.co.uk/posts/view/94263/New-hope-on-house-prices
l

I notice the 3 line whip from HPC.com is being fully enforced

Max_Headroom_3

jojo1964 wrote: »

House prices are only one small part of our economy, and with a rising population, combined with house building projects being curtailed simply means that demand will outstrip supply, leading to increasing prices.

I'd hoped that the events of the last 12 months would have finally nailed the old "supply and demand innit, prices have to go up" chant! :rolleyes:

Houses can only sell for what the population can afford. They can sell for more than the population can afford for a short while if the banks over-lend, after which you'll get a catastrophic crash. See last 12 months for full details.

There is only so much money in peoples pockets. All the "supply and demand" issues in the world won't generate more cash, and without more cash houses can't be sold for more money (or financed for more money more typically).

Lotus-eater

Elephant houses are going to be the next big thing, there is a serious shortage. I hear Grant Bovey's new company is going to be investing heavily in them. RBS has given the funding already and advised everyone else to "get in now at the bottom of the market"

ad9898_3

jojo1964 wrote: »

House prices are only one small part of our economy, and with a rising population, combined with house building projects being curtailed simply means that demand will outstrip supply, leading to increasing prices.

Every single phrase in this statement is wrong.