Once a bear, now firmly a bull? Or once a bull now...

Really2

Graham_Devon wrote: »

Her answer was future pay, over a 25 year period.

The answer was understood.

Just not something I thought was very convincing.

But nice swipe, nevertheless.

Perhaps you could explain what will hapen then and why there won't be any more money in the future for growth.

I am sure 30 years ago people would not believe the amont of £'s in the UK economy now, so inflation and new money is not a new concept.

If you could explain for us poor confused ones what will happen that would be great.

You now have a stage to prove you knowlage and to turn some peoples oppinions.

IveSeenTheLight

IveSeenTheLight wrote: »

Your arguing over semantics again. Like the Vested Interest think you had about not being one.

It doesn't matter if desire has remained the same (I doubt it has though) throughout the last 50 years, what you are in fact saying is that the desire was able to be fulfilled by the availability of credit, therefore what was available in the last decade is different to 50 years ago

You asked if it was different over the last 50 years, you seem to have answered your own question

the_ash_and_the_oak wrote: »

Agree w this but at same time are we saying here that there was a time (over the last 50 years) when this wasn't case

Graham_Devon

Really2 wrote: »

Perhaps you could explain what will hapen then and why there won't be any more money in the future for growth.

I am sure 30 years ago people would not believe the amont of £'s in the UK economy now, so inflation and new money is not a new concept.

If you could explain for us poor confused ones what will happen that would be great.

You now have a stage to prove you knowlage ant to turn some peoples oppinions.

I'm not sure what you are asking me to explain?

If you are asking me to explain why I think there isn't the money to support the current uprise in prices, I can asnwer that?

Simply our level of debt, country and also personal, and the fact we are only where we are because of collosal amounts of money invested to bolster things up. Also, the fact that a high number of people had to use self certification and 5+ salary mortgages to gain a house. Of which, one, does not exist anymore.

What I would like to know is....where does the money come from now to afford todays house prices. Not in twenty years. Now.

the_ash_and_the_oak

IveSeenTheLight wrote: »

Your arguing over semantics again. Like the Vested Interest think you had about not being one.

It doesn't matter if desire has remained the same (I doubt it has though) throughout the last 50 years, what you are in fact saying is that the desire was able to be fulfilled by the availability of credit, therefore what was available in the last decade is different to 50 years ago

Still don't think I have a vested interest imo (in prices rising or falling at least)

You might be right about desire being stronger today than in the 70s and 80s - it was an open question

Totally agree about credit tho - imo availability and price of credit are the main drivers (still unconvinced sentiment/appetite has been anything less than v strong at any time - in which case strong appetite isn't a factor if it was always there imo)

StevieJ

the_ash_and_the_oak wrote: »

But isn't this still a factor? - a large pool of property that was previously for rent only but now in the buy/sell pool?

Yes, that was my point.

the_ash_and_the_oak

IveSeenTheLight wrote: »

You asked if it was different over the last 50 years, you seem to have answered your own question

I know my own opinion on appetite. The question was about your opinion

Really2

Graham_Devon wrote: »

I can asnwer that?

Simply our level of debt, and the fact we are only where we are because of collosal amounts of money invested to bolster things up.

But you have not, some more depth would be nice.

Because if you have not noticed banks are still hardly lending, we are in the middle of a recession and house prices have risen (and QE is sitting in bank balence sheets).

Unless you can add meat to what you say it is just a guess as you are not showing us why you think it and how what you think manifests it's self in the economy.

Then if you could explain what you think relates to recent rises that would be great, because I would have had huse prices fallin last year if you asked me.

as for your edit.
where does the money come from,err have houses stopped selling then?

Graham_Devon

Really2 wrote: »

But you have not, some more depth would be nice.

I gave more, but you edited it out of your quote?

Because if you have not noticed banks are still hardly lending, we are in the middle of a recession and house prices have risen (and QE is sitting in bank balence sheets).

Unless you can add meat to what you say it is just a guess as you are not showing us why you think it and how what you think manifests it's self in the economy.

Then if you could explain what you think relates to recent rises that would be great, because I would have had huse prices fallin last year if you asked me.

I'm still unsure what you are asking me to add meat to?

I asked the question of "where is the money coming from", and I think your trying to get me to tell you something, and I'm not sure what that something is.

As I have said before, I am as baffled as the next person as to why prices are rising. But, I'm just not sure what your question actually is?

I'm not here to "backup" my position. I haven't got one. I asked a question, and again, it's not answered, rather turned into this.

StevieJ

Really2 wrote: »

But you have not, some more depth would be nice.

Because if you have not noticed banks are still hardly lending, we are in the middle of a recession and house prices have risen (and QE is sitting in bank balence sheets).

Unless you can add meat to what you say it is just a guess as you are not showing us why you think it and how what you think manifests it's self in the economy.

Then if you could explain what you think relates to recent rises that would be great, because I would have had huse prices fallin last year if you asked me.

as for your edit.
where does the money come from,err have houses stopped selling then?

Like an economics exam :eek:

IveSeenTheLight

the_ash_and_the_oak wrote: »

Still don't think I have a vested interest imo (in prices rising or falling at least)

Ah you've edited.
I firmly believe you do have a vested interest.
You have been such a keen debator when discussing rent versus buying in recent weeks.

To answer your pre-edited question, I believe you have a vested interest in prices falling. Simply because you do not own and have shown an interest in buying at some point in time.

I would too have an interest in prices falling if I was buying my first property. Everyone in this position would want it as cheap as they could.

You parents on the other hand may not have a VI in prices falling as they are selling although I add the caveat as I don't recall if they are downsizing, upsizing, STR'ing or whatever.

http://en.wikipedia.org/wiki/Vested_interest

In other words, if an attitude object is deemed to have important perceived personal consequences, then that object is of high vested interest.