Housing: still being strangled by the credit crunch

Dan:_4

ad9898 wrote: »

Plenty of them in the media/government, you're lucky....... 95% of them sit firmly on your side of the argument.

Unlike last year - nothing but doom and gloom and the end of the world as we know it every time I opened a paper or switched on the TV. Times have changed, things are different, we have all moved on.

nearlynew

Dan: wrote: »

Unlike last year - nothing but doom and gloom and the end of the world as we know it every time I opened a paper or switched on the TV. Times have changed, things are different, we have all moved on.

Sentiment may have shifted Dan, but the underlying problems with the economy that have caused the current mess still exist.

Until they are sorted, we ain't moving anywhere.

Dan:_4

nearlynew wrote: »

Sentiment may have shifted Dan, but the underlying problems with the economy that have caused the current mess still exist.

Until they are sorted, we ain't moving anywhere.

Don't underestimate sentiment. I agree things aint moving anywhere. When we experience further price drops it will only wipe out the recent gains, before we start to rise a little bit again.

ad9898_3

Dan: wrote: »

Unlike last year - nothing but doom and gloom and the end of the world as we know it every time I opened a paper or switched on the TV. Times have changed, things are different, we have all moved on.

The difference is that last year they were reporting what was actually happening, digging into the story and giving us a proper analysis, this year it has purely been surface spin to change sentiment, to give it credit, it has done what they wanted it to do, the problems though have not at all gone away, the borrowed money is facilitating the charade. When it stops, we will see the true picture.

People think things are getting better, VAT tax cuts, 10p tax refunded etc.. we are in a recession yet there is no cold wind blowing from the government at this time..... the reason is simple, we are borrowing the money to make us think things are better than they are, a dangerous game in my opinion.

ad9898_3

Dan: wrote: »

Don't underestimate sentiment

Mis-guided sentiment built on no firm fundamentals is a very dubious road to go down, it will make people think twice when we do actually see a proper recovery built on strong fundamentals, decreasing unemployment, lower taxes etc... possibly causing it to stall.

chucky

Pobby wrote: »

What a very rude person you are.

very strange that you have this attitude Pobby - i seem to recall you taking part and enjoying the 'poking of fun" and insults of Kirsty and Phil

to be fair the author is a bit of a piece and got the housing crisis completely wrong and seems to write what his audience want to hear - have a read of his article prior to the 2007. the guys on HPC.co.uk loathe him

I've said before that, in the past, busts have usually followed booms. The Bank has done well at controlling the market so far, but its job is not over. Most economists think it will have to lift rates to 4.75 per cent before the end of the year.

This won't be enough to send prices plunging; it won't be enough to make apocalyptic forecasts come true. But it might make life in the housing market a bit more hairy.

http://www.telegraph.co.uk/property/3351495/Word-on-the-street-Apocalypse-now-Having-read-the-signs-I-dont-think-so.html

Pobby

chucky wrote: »

very strange that you have this attitude Pobby - i seem to recall you taking part and enjoying the 'poking of fun" and insults of Kirsty and Phil

to be fair the author is a bit of a piece and got the housing crisis completely wrong and seems to write what his audience want to hear - have a read of his article prior to the 2007. the guys on HPC.co.uk loathe him
http://www.telegraph.co.uk/property/3351495/Word-on-the-street-Apocalypse-now-Having-read-the-signs-I-dont-think-so.html

Since when have Kirsty and Phil posted here. Carolt is certainly not a cretin. Sure I poked fun at them in the same way that I laughed at all the other rubbish spouted out by people that seem to live in a dream world when it comes HPI. House prices can only go up, oh no they can`t, they are coming down again. Oooopps!!!!!!!!!!!

System

Pobby wrote: »

Since when have Kirsty and Phil posted here. Carolt is certainly not a cretin. Sure I poked fun at them in the same way that I laughed at all the other rubbish spouted out by people that seem to live in a dream world when it comes HPI. House prices can only go up, oh no they can`t, they are coming down again. Oooopps!!!!!!!!!!!

Since when has "Edmund Conway" posted here?

Pobby

Beware for there sockies around!

chucky

Pobby wrote: »

Since when have Kirsty and Phil posted here. Carolt is certainly not a cretin.

unfortunately in your unbiased affection to defending Carol you've made a little boo boo... the person that you called rude was directing his cretin comment to the author of the article - his name is "Edmund Conway" and works for the Telegraph.

Pobby wrote: »

Sure I poked fun at them in the same way that I laughed at all the other rubbish spouted out by people that seem to live in a dream world when it comes HPI. House prices can only go up, oh no they can`t, they are coming down again. Oooopps!!!!!!!!!!!

not sure what you're saying here... i'm sure that you understand it though. it's what counts... but it makes no sense...
but then again how would you feel if people poked fun at you for making a mistake or taking advice from people regarding relying on savings for retirement or annuities and their future value ... :rolleyes: