Halifax +2.6 % MoM

Graham_Devon

OK, right.

So, the graph is wrong, because it has no time against it, so you ask us to plot it against house prices to prove it.

But when plotted, you say its wrong, because of the timeline which you were complaining it didnt have. It doesnt matter if the second graph has a timeline, the CHART does not. So you cannot plot one against it, it was you bulls who told us this!

Stevie and Really. Would it be wrong, whatever?

Are we really at this stage where you are expecting to put the timeline on it, which you say is wrong in the first place, to prove that it is wrong?

Really?!

StevieJ

ad9898 wrote: »

My view is the entire HPI bubble from 2001 will be unwound, it won't happen overnight, it won't happen in a sraight line down either. The events of this week are typical in the cycle, the only surprise is it's taken so long, the bull trap we are currently seeing in some areas, is a normal part of this cycle, it may last a while until QE stops, but when it does the next leg down will begin. The facts will overcome the spin....... eventually.

Just out of interest were you bears all predicting the bear trap (as you call it) before it happened? or were you predicting massive falls this year, certainly Brit was. Where is he BTW

Really2

StevieJ wrote: »

So the early 90's was a bear trap

Worst part is bottom is not until 2030+ but we are set to enjoy a bull trap for the next 12 years ish.:)

Really2

Graham_Devon wrote: »

OK, right.

So, the graph is wrong, because it has no time against it, so you ask us to plot it against house prices to prove it.

But when plotted, you say its wrong, because of the timeline which you were complaining it didnt have. It doesnt matter if the second graph has a timeline, the CHART does not. So you cannot plot one against it, it was you bulls who told us this!

Stevie and Really. Would it be wrong, whatever?

Are we really at this stage where you are expecting to put the timeline on it, which you say is wrong in the first place, to prove that it is wrong?

Really?!

No I am saying you now except that time line as fitting you have to except where the bull trap and bottoms to be. Is that madnes to you, sureley you would want to use it for that very reason?

Graham_Devon

I'm just sitting here shaking my head.

Keeping hunting for scraps for that mere morsal of something you can cling on to.

StevieJ

Graham_Devon wrote: »

OK, right.

So, the graph is wrong, because it has no time against it, so you ask us to plot it against house prices to prove it.

But when plotted, you say its wrong, because of the timeline which you were complaining it didnt have. It doesnt matter if the second graph has a timeline, the CHART does not. So you cannot plot one against it, it was you bulls who told us this!

Stevie and Really. Would it be wrong, whatever?

Are we really at this stage where you are expecting to put the timeline on it, which you say is wrong in the first place, to prove that it is wrong?

Really?!

We have a saying here you are talking broken biscuits
You said
Would like to see anyone deny the second graph this had a timeline on it back to the early 70's.

StevieJ

Really2 wrote: »

Worst part is bottom is not until 2030+ but we are set to enjoy a bull trap for the next 12 years ish.:)

:beer::j:T

adr0ck

my main point was about no new homes being built

i know people on here don't think that we have a shortage of homes in this country and we have an oversupply of something like 2 million (stated on here quite a bit)

i don't believe this however without getting into this even if you do believe this if no new homes were being built by developers or housing associations then it would certainly be building up a shortage for the future

at an average £90k - hardly any homes would or could be built

as an example i live in north wales and housing associations here will pay more than £90k for a 3 bed new build property (this is now)

in 2012 they will have to be paying more (due to code for sustainable homes)

they know this and are gearing up towards it

north wales is one of the cheapest places to buy property

StevieJ

adr0ck wrote: »

i wasn't being melodramatic



this is very true

however if your talking average 3 bed house @ £90k which you seem to be a lot of properties would be snapped up for BTL

(they could as an example be bringing in rent of £550/ month for an interest payment of less than £350 or better still pay the capital off and still have £100/month)



there will always be people with money to put into property

There will also be professional BTL funds springing up like those equity income funds, where investors pool money to enable prof managers to manage large pools of rented property.

Really2

Graham you admit that the boom started 1973 and bottom will be around 2030 ish.
Also that the bottom will be around £50-75K for the average London house

I will commend you as you truly believe the graph is right and it is the only way it will fit.

I have always said it is balls, you will never change my mind you can only confirm your own belief. Why wont you commit your self to your own belief it is right?