Debate House Prices


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MSE News: House price rise predicted by MoneySavers

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Comments

  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    600 users on HPC at the moment. 16 in this little MSE backwater.

    What do you think an HPC poll would 'prove'? Or a CML poll?


    Isn't it time to get back to the recipe chat?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mewbie wrote: »
    600 users on HPC at the moment. 16 in this little MSE backwater.

    What do you think an HPC poll would 'prove'? Or a CML poll?


    Isn't it time to get back to the recipe chat?

    I thought the poll that the HPC lot were complaining about was from the whole MSE site, a much better and balanced cross section of society than the other place.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Here's another question for the handful of people who inhabit this lost board.

    What were the poll results for 2006, 2007? It would be interesting to see if the gurus of MSE saw the crash coming.
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    mewbie wrote: »
    Here's another question for the handful of people who inhabit this lost board.

    What were the poll results for 2006, 2007? It would be interesting to see if the gurus of MSE saw the crash coming.


    !!!!!! saw it coming by all accounts.
    Official MR B fan club,dont go............................
  • mewbie wrote: »
    It would be interesting to see if the gurus of MSE saw the crash coming.

    I doubt any of the regular posters here would dispute that the housing market moves in cycles, and that boom will inevitably be followed by bust.

    The core argument has always been the timing, depth and duration of the bust.

    All the bulls have done is consistently argue that the key pressure on UK housing is an underlying supply and demand issue. The fundamentals do not support a huge fall in prices. And sure enough, we were right. The only reason prices fell at all, even the limited amount they did, is because the mortgage markets almost shut down. Now that they are partially re-opened, prices are rising again, in spite of rising unemployment, continuing recession, reposessions, ongoing mortgage rationing, etc etc etc....

    The hpc crowd/other bears have consistently called it wrong though.....

    2003-crash coming soon, :j

    2004-crash coming soon, :j

    2005-crash coming soon, :j

    2006-crash coming soon, :j

    2007-crash coming soon, :j

    2008-CRASH IS HERE, 50% FALLS BY X-MAS 09!!! :D

    2009-!!!!!!? Prices are rising!:eek: Who stole our crash?:confused:

    2010- Maybe the Tories will save me.... Pleeeeeease...._pale_

    2011- I'm screwed, should have bought in 2006:mad:

    2012- I'm screwed, should have bought in 2007:mad:

    2013-House prices are ridiculous.:mad:

    2014-Crash coming sometime...:rolleyes:

    Repeat circle.......
    “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”
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 6 September 2009 at 1:39PM
    Interesting that London EAs are beginning to make their free newspapers available again.

    Has anyone been monitoring this new lowlife attack on the world's oxygen production line?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    I doubt any of the regular posters here would dispute that the housing market moves in cycles, and that boom will inevitably be followed by bust.

    Economic and asset price 'cycles' are a myth. It just the human trait to try to impose an ordered pattern on random movements.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Generali wrote: »
    Economic and asset price 'cycles' are a myth. It just the human trait to try to impose an ordered pattern on random movements.

    Why are they random? do we not have a cause and effect?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mewbie wrote: »
    Here's another question for the handful of people who inhabit this lost board.

    There are a lot more on the house buying board icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Why are they random? do we not have a cause and effect?

    Random probably isn't the right word and I don't know what the right word/phrase is but there is no good reason for asset prices to move in predictable, timed cycles and I've never seen any proper, closely argued
    (y'know with sums and all that) reason to make me think otherwise.

    The only arguments I've ever seen boil down to, "It's obvious" or words to that effect.
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