We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What now for house prices?
SilverStandard
Posts: 174 Forumite
It seems the plan to lower interest rates to prop up the market has worked. People forget easily.
How long can it last?
How long can it last?
0
Comments
-
How long can it last?
This topic has been covered ad nauseum.
Do a Forum Search !!!'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
:rolleyes:
Rates have been cut in the Eurozone, the US and other countries such as Sweden and Switzerland to all-time lows for the same reason we cut ours - the worldwide economic downturn!!! Not to prop up the housing market. Even the Tories are going to keep rates low if they get in -
http://forums.moneysavingexpert.com/showthread.html?t=19484110 -
SilverStandard wrote: »It seems the plan to lower interest rates to prop up the market has worked.
Yes it has.People forget easily.
No, actually, people remember exactly how bad it was last time around. Which is why nobody is making those same mistakes, of high interest rates, no government assistance, and markets flooded with reposessions, this time around.How long can it last?
Indefinitely.“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 -
HAMISH_MCTAVISH wrote: »
Indefinitely.
Genius!!!!!!!!!!!!!!!!!0 -
HAMISH_MCTAVISH wrote: »
Indefinitely.
I dont think so H. That would be dangerous..."For those who understand, no explanation is necessary. Those who don't understand, dont matter."0 -
Hey, don't be too harsh on Hamish. He really believes all this stuff. He has too.0
-
SilverStandard wrote: »It seems the plan to lower interest rates to prop up the market has worked. People forget easily.
How long can it last?
lowering interest rates had very little to do with house prices.
it's only the people that believe/hope/want house prices to be 70% cheaper are convinced it was to support house prices. they call it blinkered vision - it's a common illness on this forum.0 -
HAMISH_MCTAVISH wrote: »No, actually, people remember exactly how bad it was last time around. Which is why nobody is making those same mistakes, of high interest rates, no government assistance, and markets flooded with reposessions, this time around.
The last big recession was in the late 70's/early 80's, I'm not sure how many can 'easily remember' how bad it was back then."An arrogant and self-righteous Guardian reading tvv@t".
!!!!!! is all that about?0 -
HAMISH_MCTAVISH wrote: »Indefinitely.I dont think so H. That would be dangerous...Graham_Devon wrote: »Hey, don't be too harsh on Hamish. He really believes all this stuff. He has too.
Just to clarify the meaning of "Indefinitely"
http://dictionary.cambridge.org/define.asp?key=1092474&dict=CALD
Of course you could prefer this meaning
http://www.urbandictionary.com/define.php?term=indefinately:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
i dont really understand how the house prices are working. i did a search yesterday on the trends for the past years. the area that we have just moved to, for semis (we just bought) has dropped over 20% in the past year. i anticipate that this will drop further, but thats just my guess
i thought i would check my friend's out, in her area, prices have dropped, but not for terrace houses (which she has), they have gone UP by 24% in the last year. even if you do it over 2 years, they have gone up by 21%
how can this be
why is there such a difference in types of property? for example in her area flats have gone down 23%
i notice in all areas the falls are much more for detached properties and flats and as i say in many areas prices appear to have gone up
is it skewed do you think because of the low numbers actually selling?
im using home.co.uk0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards