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Debate House Prices


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Are we in a boom ?

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Comments

  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    Come on guys.
    Group hug.....:grouphug::grouphug::grouphug:
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • bubblesmoney
    bubblesmoney Posts: 2,156 Forumite
    Part of the Furniture Combo Breaker
    green shoots? what do you think?

    have a look at the visual below and see if the green shoot is for real when the rest of the economy is going for a toss as seen below.

    green-shoots_2.png
    bubblesmoney :hello:
  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    i think there is only one way to sort this argument out....

    HarryHill_fight.jpg
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    Dan: wrote: »
    mbga9pgf - You belong over at HPC.co.uk with the other minimum wage losers desperate for home ownership. Things tend to be a little more realistic on here.

    Wrong end of the scale chap, I am far from the minimum wage. Which parts of my post exactly are unrealistic?
  • JayScottGreenspan
    JayScottGreenspan Posts: 1,008 Forumite
    Dan: wrote: »
    mbga9pgf - You belong over at HPC.co.uk with the other minimum wage losers desperate for home ownership. Things tend to be a little more realistic on here.
    No need for that. Play the ball, not the man.
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    So what was this then?
    :rotfl:That was basically a "WHAA WHAA I'M PRICED OUT OF THE MARKET" :rotfl:

    Oh, sorry Joe, did you just realise you started this and decide to delete that last post did you? Want to show exactly where you have contributed anything to the boom/bust debate over your last half-dozen posts?
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    mbga9pgf wrote: »
    Wrong end of the scale chap, I am far from the minimum wage. Which parts of my post exactly are unrealistic?

    All of your posts are unrealistic, as you will find out in the coming months.

    So, if your earn a decent wage and have 70K in the bank then what is stoping you from buying? Average prices have fallen around 20%, interest rates are at record lows and current mortgage products (esp with your deposit) are fantastic right now. Prices will not fall much further but mortgage rates are likley to rise, and could rise fast - this will end up costing you more by holidng off now.
  • wolvoman
    wolvoman Posts: 1,195 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    mbga9pgf wrote: »
    Hey Joe, I am not the one in negative equty dude. Dont lecture me about fiscal prudence. And I can assure you I am far from priced out, sitting on a 70K deposit.
    Is that it?

    I thought all the doom and gloom merchants on here were ready to buy 6 bed Victorian villas in Wimbledon for £300k IN CASH when the prices had crashed 80%?
  • System
    System Posts: 178,423 Community Admin
    10,000 Posts Photogenic Name Dropper
    mbga9pgf wrote: »
    So what was this then?



    Oh, sorry Joe, did you just realise you started this and decide to delete that last post did you? Want to show exactly where you have contributed anything to the boom/bust debate over your last half-dozen posts?

    Which was in response to "WHEN WILL STUPID PEOPLE GET IT INTO THEIR HEADS". Oh dear, we're all stupid apparently.

    The post was deleted as I'm bored of making you look silly, but as Britney once said, oops I did it again.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • wolvoman
    wolvoman Posts: 1,195 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    mbga9pgf wrote: »
    Yeah, if you account for inflation. But if prices rise in line with wages, it hardly counts does it. I am 27.

    Oh and let me point out that if prices rise in line with wages then they will grow in real terms because wage growth almost always outgrows inflation.

    Even now, wage growth is at 3% whilst inflation is at -0.4% (on the measure that is historically used to measure inflation).
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