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Debate House Prices
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Could UK house prices follow Japan?
Comments
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Since 1997 in the UK wages have risen 55% and house prices have risen 170% thus house prices must fall.
I read that article a couple of days ago. Brilliant article from an outstanding publication.
That one line from the article should tell you exactly why house prices are over valued.0 -
Statistics are a strange beast, the article refers to a starting point of 1997 which is not long after the low point in the '90's housing crash' when house prices were selling at bargain prices.IveSeenTheLight wrote: »To be fair, carolt, if the starting point wasn't at the trough of the last house price correction, you wouldn't have the same HPI persentage
Strange, I don't see you guys conceding that the last trough was 1997, when Hamish or someone else says the 90s crash was a mere 18 months....?!0 -
I'm too young to remember the 90s crash properly, but in '97 I knew two people still in NE from it so must have been bad. Depends when you measure recovery from I suppose? Both sides always use different goalposts in these things, so there is no easy comparison.0
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I read that article a couple of days ago. Brilliant article from an outstanding publication.
That one line from the article should tell you exactly why house prices are over valued.
Refer to the post from Kenny, stats all things to all men
'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 Thatcher0 -
Cannon_Fodder wrote: »Strange, I don't see you guys conceding that the last trough was 1997, when Hamish or someone else says the 90s crash was a mere 18 months....?!
If Hamish says the crash was 18 months I am sure he is correct but the stagnation period lasted a great deal longer. '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 Thatcher0 -
Wookie us back, let battle commence '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 Thatcher0
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Could UK house prices follow Japan?
No.
[/thread]“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 -
Cannon_Fodder wrote: »Strange, I don't see you guys conceding that the last trough was 1997, when Hamish or someone else says the 90s crash was a mere 18 months....?!
Hamish has never said the 90's crash was a mere 18 months.
The 80's and 70's crashes were however, very short indeed, with time to trough and time at trough measuring just one or two years of each for both crashes.“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 -
kennyboy66 wrote: »
Or if you use the Halifax data set from Jan 1990.
Halifax index 132% increase
Earnings increase 145% increase.
.
Oh dear, better not tell the bears that, their poor little heads might explode.“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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