Will the average house price be lower or higher in August 2010?

ess0two

nearlynew wrote: »

When you scratch away the surface of a HPI cheerleader, what you actually find is a debt junky.

There is no other explaination. Tell me why anyone would want to see the price of their house or one they are thinking of buying double in 10 years.

Because they think debt is wealth and the more they can borrow the wealthier they are.

Does having a larger mortgage make you richer? No. That makes you poorer.

Does having equity make you richer? Not if you "release it". That makes you poorer.

But that's what they want to do. Borrow against the value of their house to fund a lifestyle they could not otherwise afford.

So there it is. HPI cheerleaders are addicted to debt and HPI is their only hope.

Remember : debt is not wealth.

Potentially a large mortgage is beneficial to some,there are some s+it areas/estates,etc that i would'nt let a dog live in.
Yet would be gutted to have to live there myself,drugs,crime is rife.
This alone would have a massive impact on quality of life,and massive influence on kids brought up in these areas.

HAMISH_MCTAVISH

When you scratch away the surface of an HPC cheerleader, what you actually find is a poverty junky.

There is no other explanation. Tell me why anyone would want to see the value of their house or any other asset they own halve in 10 years?

Because they cannot fathom how leveraging up through debt creates real wealth and the more people can borrow the wealthier they can be, by investing those borrowings into rising assets.

Does having a house worth less than you paid for it make you rich? No. That makes you poorer.

Does having 70% of the population own assets that are devaluing make us rich? No, that makes the majority of us poorer.

Does having less debt make you richer? Not if your assets are worth less again. That makes you poorer.

But that's what they want us all to do. Create the environment to further devalue assets, prolong recession, and increase job losses, just to try and prevent US having a lifestyle that THEY could not afford.

So there it is. HPC cheerleaders are addicted to poverty and misery and HPC is their only hope to ever drag the rest of us down to their level.

Remember : holding piles of depreciating pieces of paper is not wealth.;)

Cleaver

HAMISH_MCTAVISH wrote: »

Tell me why anyone would want to see the value of their house or any other asset they own halve in 10 years?

I don't think anyone wants that. But at the same time, as a homeowner, I don't want to see my propery double or treble in value in ten years either.

Both scenarios show unhealthy volatility that doesn't really help anyone in the long term.

StevieJ

nearlynew wrote: »

When you scratch away the surface of a HPI cheerleader, what you actually find is a debt junky.

.

I thought the govt debt mountain that we are told about is the result of collapsing house prices.

ad9898_3

HAMISH_MCTAVISH wrote: »

When you scratch away the surface of an HPC cheerleader, what you actually find is a poverty junky.

The rest of your post may have had some merit, unfortunately you spoiled yourself with particular line of bollox.

How can someone for instance who didn't buy between 2004-2007 and managed to save 100k in cash be poorer than someone who took out a 80-90 or even 100% interest only mortgage on an asset that has lost at least 20%, and if circumstances changed would have to sell and owe the bank tens of thousaands of pounds.

If being in my position means I'm a poverty junky then it's not a bad place to be at all, I can assure you.

tommy75

ad9898 wrote: »

Small beer when you consider some of the drops lately on Rightmove, most of the time it's been between 5k-10k minimum.

I agree, I mean, im not in a position to move until about summer 2010 really now anyway but If I can find an 'average home 3 bedder' and get a reduction down to around 120k I will jump in tommorrow. I just don't see getting a reduction of 30k now after all this spin so Its pretty pointless at the moment.
Who knows where we would of been without this massive intervention by the government. I'd say at least 40% off by now in the alternate universe, but that doesn't mean to say we will see 40% off anytime soon if at all. If QE isn't working, how long before everthing goes t#ts up again? And will this bring house prices back just under the 100k national average home barrier where I personally think they should be. I don't want to be waiting 5-10 years for this to happen while paying out 6k a year to my very nice landlord. I do think next years general election will tell us alot though. Everything should be clear by then..

nearlynew

ess0two wrote: »

Potentially a large mortgage is beneficial to some,there are some s+it areas/estates,etc that i would'nt let a dog live in.
Yet would be gutted to have to live there myself,drugs,crime is rife.
This alone would have a massive impact on quality of life,and massive influence on kids brought up in these areas.

And your point is.........................?

ess0two

nearlynew wrote: »

And your point is.........................?

And your point is,if you fail to understand what i posted?

Dan:_4

You should have made this poll so we can see who voted for what.

I enjoy bringing up old threads when the majority are wrong.

tommy75

Dan: wrote: »

You should have made this poll so we can see who voted for what.

I enjoy bringing up old threads when the majority are wrong.

Lower for me. I hope.. _pale_