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Debate House Prices
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CITY AM--- Housing no longer overvalued
Comments
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Does that mean it should be readily dismissed?
Hamish posted it, so yes. When he highlights "property is once again attractive to investors" and says excellent news, he's just trolling.
But on another point, have I dismissed it? That was clever of me. Nice to think I have such an influence from such a sentence.0 -
Graham_Devon wrote: »Hamish posted it, so yes. When he highlights "property is once again attractive to investors" and says excellent news, he's just trolling.
but it is attractive to investors, it was more attractive at the begining of the year...
by definition if someone has a different viewpoint to you, they are trolling... oh dear... :rolleyes:0 -
With bigger fonts, pictures and arrows pointing to motion.Graham_Devon wrote: »Yer, but he's in Aberdeen! Their papers will be bigger and better.0 -
by definition if someone has a different viewpoint to you, they are trolling... oh dear... :rolleyes:
Interesting perspective, isn't it?:rotfl:
And the more things don't go their way, the more they like to dismiss those on the other side of the argument as trolls.
Priceless.:D“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 -
I'm sorry, but if NME told you to buy more music, you wouldnt beleive them.
But if the bankers so, people listen.0 -
This is particularly interesting since last year and earlier this year City AM have been very vocal in suggesting the house price boom led to much of the financial crisis and that the correction needed to happen.
Let's put it this way, they are not property bulls, if that's what some are thinking.0 -
This is particularly interesting since last year and earlier this year City AM have been very vocal in suggesting the house price boom led to much of the financial crisis and that the correction needed to happen.
Let's put it this way, they are not property bulls, if that's what some are thinking.
Correct, but they do have a VI in the 'city', hence the sale of debt.0 -
HAMISH_MCTAVISH wrote: »
I fail to see any excellent news here. So you break out the beers because a journalist claims that property is now affordable? Affordable to whom. But house prices have risen slightly over the last few months. Are they now unaffordable?
The most important sentence in this article is that despite having a property crash, value to earnings ratios are still above the long-term average, although you conveniently failed to highlight that. I wonder why?0 -
I fail to see any excellent news here. So you break out the beers because a journalist claims that property is now affordable? Affordable to whom. But house prices have risen slightly over the last few months. Are they now unaffordable?
The most important sentence in this article is that despite having a property crash, value to earnings ratios are still above the long-term average, although you conveniently failed to highlight that. I wonder why?
From todays Halifax report......The proportion of disposable earnings devoted to mortgage payments – a key affordability measure - has fallen significantly over the past 21 months.
Nationally, typical mortgage payments for a new borrower have fallen from a peak of 48% of average disposable earnings in 2007 Quarter 3 to 29% in August 2009.
Notably, mortgage payments relative to earnings are now below the long-term average of 35% recorded over the past 25 years.
I highlighted the important parts, for our denser hpc friends.;)
By the way, does the real daddybear over on hpc know you pinched his ID? Poor show old boy, especially as he's calling for a flight from cash into more tangible assets...... Like houses. And being labelled a troll by the hpc mob for doing so.:rolleyes:“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 -
The most important sentence in this article is that despite having a property crash, value to earnings ratios are still above the long-term average, although you conveniently failed to highlight that. I wonder why?
I would fully expect this to be the case with the newfound british propertymania and higher population.
The long term average will catch up eventually.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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