But, but, but.... they said it was a bull trap.

mewbie_2

HAMISH_MCTAVISH wrote: »

In the UK? No idea.

Oh.

HAMISH_MCTAVISH wrote: »

I
The MPC will target rates to CPI inflation. House price inflation is not part of the MPC's remit to control. Rates can stay low for a long time, whilst house prices climb.....;)

I doubt if inflation will 'stay low'. Do you own a car? Do you go shopping? Do you pay bills at your place of residence?

brit1234

I guess we could keep inflation low if we didn't import anything such as food, electrical goods, clothes etc

The simple fact is that we import too many goods now together with 0.5% interest rates and QE we are heading to big inflation increases. Hence rates will have to go up to make imported goods cheaper.

Dan:_4

brit1234 wrote: »

I guess we could keep inflation low if we didn't import anything such as food, electrical goods, clothes etc

The simple fact is that we import too many goods now together with 0.5% interest rates and QE we are heading to big inflation increases. Hence rates will have to go up to make imported goods cheaper.

Even if this is true Brit, don't mean you will get a cheap property out of it.

mewbie_2

Dan: wrote: »

Even if this is true Brit, don't mean you will get a cheap property out of it.

Not cheap no. Just not excessively expensive either. That's what a bubble is Dan. Everyone knows it was a bubble, the only minor question is how much will they fall. As it was a ridiculous bubble it seems reasonable to expect 'ridiculous' drops.

Unless you seriously believe the last few years have been normal? In which case you really are in for a shock. I'll give you the benefit of the doubt and assume you are just a bored wind up merchant.

nearlynew

"But, but, but.... they said it was a bull trap."


It is.
Prices rise during a bull trap.

The clue is in the name.

You silly boy.

Dan:_4

mewbie wrote: »

Not cheap no. Just not excessively expensive either. That's what a bubble is Dan. Everyone knows it was a bubble, the only minor question is how much will they fall. As it was a ridiculous bubble it seems reasonable to expect 'ridiculous' drops.

Unless you seriously believe the last few years have been normal? In which case you really are in for a shock. I'll give you the benefit of the doubt and assume you are just a bored wind up merchant.

20% down from peak, and now a few years of stagnation, so even more in 'real' terms.

Is this not enough for you?

mewbie_2

Dan: wrote: »

20% down from peak, and now a few years of stagnation, so even more in 'real' terms.

Is this not enough for you?

After 300% rises? You're having a laugh mate. I'm in the 50% camp.

Dan:_4

nearlynew wrote: »

"But, but, but.... they said it was a bull trap."


It is.
Prices rise during a bull trap.

The clue is in the name.

You silly boy.

Not for 7 months. This is now a recovery.

Dan:_4

mewbie wrote: »

After 300% rises? You're having a laugh mate. I'm in the 50% camp.

My house didn't go up 300%.

I'm sure you will find the odd property in certain parts of the UK where you can get it 50% cheaper then summer 2007, but if you think the Land Registry will show the average price 50% down, I'm afraid it is you having a laugh mate.

mewbie_2

Dan: wrote: »

My house didn't go up 300%.

I'm sure you will find the odd property in certain parts of the UK where you can get it 50% cheaper then summer 2007, but if you think the Land Registry will show the average price 50% down, I'm afraid it is you having a laugh mate.

Early days Dan. Ten years of crap. Ten years of easy money thrown in a gamble. It nearly crashed the world economic system. This has a way to go yet mate.