Debate House Prices


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House prices rising in more than half of Britain

2

Comments

  • nearlynew
    nearlynew Posts: 3,800 Forumite
    nearlynew wrote: »
    Could someboody please explain to me (in simple language because i'm a bit stupid) why high house prices are a good thing.

    anybody got an answer?
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    nearlynew wrote: »
    anybody got an answer?
    Yes, apparently it's great if you've borrowed a small fortune to buy a load of dodgy buy-to-lets.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    nearlynew wrote: »
    anybody got an answer?

    I guess there is a lower risk of people going into negative equity amd losing their home
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    IveSeenTheLight wrote: »
    I guess there is a lower risk of people going into negative equity amd losing their home

    the irony and twisted logic in this reply is beautiful.

    I'm not having a go at you - but think through what you have just said in response to my question and you will see it too.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    nearlynew wrote: »
    the irony and twisted logic in this reply is beautiful.

    I'm not having a go at you - but think through what you have just said in response to my question and you will see it too.

    We'll its very early morning here in Malaysia (05:00)and I didn't read the question properly.
    I was answering on a house price rising theory, regardless if house prices were high or low :o
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    IveSeenTheLight wrote: »
    We'll its very early morning here in Malaysia (05:00)and I didn't read the question properly.
    I was answering on a house price rising theory, regardless if house prices were high or low :o

    OK. I'll let you off that one.

    so, back to my original question.........

    Can you tell me why high house prices are a good thing?
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    nearlynew wrote: »
    OK. I'll let you off that one.

    so, back to my original question.........

    Can you tell me why high house prices are a good thing?

    It would be good if you come to retirement and want to downsize, thus boosting the pension pot. Lets face it, pensions are hardly the best for providing a means in retirement are they?

    I guess, it's also good from an investor point of view. Investors have seen a safer more secure risk buying property rather than shares etc.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • Cat695
    Cat695 Posts: 3,647 Forumite
    nearlynew wrote: »
    Could someboody please explain to me (in simple language because i'm a bit stupid) why high house prices are a good thing.


    Evening all its been awhile since I last posted (been playing soldiers somewhere nice) anyway

    this I believe there isn't really an answer only opinions.......

    Labour would have you believe its good because it makes people FEEL richer...therefore borrow more therefore spend more on all the things you don't actually need but makes you feel good.....or in other words false wealth!

    false because you are never rich with the actually rise of your house price until the money is in the bank.....but then you have to use more of it to buy another house so therefore was never rich in the first place.....(not for everyone but the proof that most people do this is currently happening).
    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 right
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    Cat695 wrote: »
    Evening all its been awhile since I last posted (been playing soldiers somewhere nice) anyway
    .


    Whoohooo....you're back! And safe. :o:)
  • nickj_2
    nickj_2 Posts: 7,052 Forumite
    will it all come to an end when interest rates start to rise ?
This discussion has been closed.
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