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Debate House Prices
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Why is HPI seen as a good thing by the media and homeowners ?
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but not at the rate they did......again I ask why would someone rather have a 250k house with a large mortgage when they can have a100k house and have lots of money to spend on new cars BIG tv etc etc
it just doesn't make sense
Sorry, your logic is well beyond me :cool: Are you saying that you have heard people say that they would prefer to pay 250k (say 225k mortgage) instead of 100k (say 90k mortgage) for the same house'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 Thatcher0 -
Sorry, your logic is well beyond me :cool: Are you saying that you have heard people say that they would prefer to pay 250k (say 225k mortgage) instead of 100k (say 90k mortgage) for the same house
Obviously they are or house prices wouldn't have risen so much.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
but not at the rate they did......again I ask why would someone rather have a 250k house with a large mortgage when they can have a100k house and have lots of money to spend on new cars BIG tv etc etc
it just doesn't make sense
but with high inflation you soon have a 100k mort on a 250k house0 -
but not at the rate they did......again I ask why would someone rather have a 250k house with a large mortgage when they can have a100k house and have lots of money to spend on new cars BIG tv etc etc
it just doesn't make sense
i totally agree, but a large majority of the british public are moronic sheep who believe anything the press tell them, see the jade goody debacle for further evidence.
if the press say house price increases are a good thing enough times, the sheep all follow and dont think about the money they're spending0 -
Obviously they are or house prices wouldn't have risen so much.
Are you serious :rolleyes:'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 Thatcher0 -
but with high inflation you soon have a 100k mort on a 250k house
Now that I can understand'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 Thatcher0 -
WhiteThierry wrote: »i totally agree, but a large majority of the british public are moronic sheep who believe anything the press tell them, see the jade goody debacle for further evidence.
if the press say house price increases are a good thing enough times, the sheep all follow and dont think about the money they're spending
BehaveThe general public consist of a mass of individuals if they want a house they pay the going rate.
'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 Thatcher0 -
I suppose the ideal situation is HPI and wage inflation keeping in step with each other so your mort becomes a smaller % of your salary but it becomes no more expensive in real terms for FTBs.0
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No one has actually answered the question yet as to why they want house prices to increase as they did before?
^^^^^ This anyone ^^^^^, my question still stands, it seems the media and homeowners want HPI, even though most have kids and it will mean their kids will buried under huge levels of debt.
Why ?0 -
I suppose the ideal situation is HPI and wage inflation keeping in step with each other so your mort becomes a smaller % of your salary but it becomes no more expensive in real terms for FTBs.
Another piece of sound logic, you are restoring my faith in this boardBut how do you incorporate a structural change in
interest rates (15% down to 5%) in that equation?'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 Thatcher0
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