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Debate House Prices
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WARNING for house buyers.... Bear Trap coming soon
Comments
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Ask again?
When did you ask before?
Looks like you missed it, nearly -Badger2000 wrote: »Even though what you say sounds like what I want to hear, it's a bit of a pipe-dream that you're living. Where can I can get a mortgage at 0.5% interest?0 -
Gosh, looks like someone didn't managed to predict the future. Hilarious.
However, as we all know, the historically low interest rates, nationalisation of banks , QE, and other subterfuges have managed to prop the system up. Resulting in only a 20% drop. So far.
Now children - I want you to stop fidgeting and tell me what you think will happen when the artifical props are withdrawn. Do you think the rising unemployment and taxes, plus savage spending cuts will have any impact? Or do you think after the biggest bubble in house price history we will return to another debt fuelled HPI period?
I'll personally leave off brit from now on, on that point, because it is mean to ridicule someone when they were actually bold enough to put a stick in the ground, however ill-advised I think it might have been in the first place.
There is no doubt that after the election is going to be an 'acid-test' of sorts, because that is when the spending cuts are going to go into overdrive. I think I share the view of ISTL and Dan that we are looking at a period of stagnation, NOT HPI over the next few years. The main 'props' you are referring to - IRs and QE (I assume) - don't look like being 'withdrawn' until the economy shows some concrete signs of recovery, and even then I would guess it will be 'softly, softly' to nurture that recovery rather than snuff it out.0 -
Now that is a reasonable and sensible post. A rarity from either side.I'll personally leave off brit from now on, on that point, because it is mean to ridicule someone when they were actually bold enough to put a stick in the ground, however ill-advised I think it might have been in the first place.
There is no doubt that after the election is going to be an 'acid-test' of sorts, because that is when the spending cuts are going to go into overdrive. I think I share the view of ISTL and Dan that we are looking at a period of stagnation, NOT HPI over the next few years. The main 'props' you are referring to - IRs and QE (I assume) - don't look like being 'withdrawn' until the economy shows some concrete signs of recovery, and even then I would guess it will be 'softly, softly' to nurture that recovery rather than snuff it out.
I'll be honest with you for a moment Heyman, but don't tell the others. I don't actually know what is going to happen. I know I come across as highly informed and economically brilliant on here, but I'm not the gnu that everyone takes me for.
Still it shouldn't stop me making another 4,000 posts.0 -
However, as we all know, the historically low interest rates, nationalisation of banks , QE, and other subterfuges have managed to prop the system up. Resulting in only a 20% drop. So far.
Interesting.
I was under the impression that whatever the Government done to try and 'prop up the market' it would fail, as a house crash was unavoidable.0 -
Badger2000 wrote: ».........
Do you know where we can get the 0.5% mortgage product that was mentioned before?
............. No............."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Resulting in only a 20% drop.
Actually it's around 13% now. And more like 5% for decent properties and areas.;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Interesting.
I was under the impression that whatever the Government done to try and 'prop up the market' it would fail, as a house crash was unavoidable.
Yes I'm sure I heard the same thing, thousands of times....
Intersting indeed.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Actually Hamish, I have rechecked my area and it's a little over 35% down now. tbh once they closed the haggis factory prices were only going to go one way.HAMISH_MCTAVISH wrote: »Actually it's around 13% now. And more like 5% for decent properties and areas.;)0 -
tbh once they closed the haggis factory prices were only going to go one way.
:rotfl:
You are a funny little fellow, I'll give you that.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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