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Debate House Prices


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Low interest rates will support house prices until 2014

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Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    This isn't a jab, but can I just ask....

    To all thoe in favour of higher prices, do you not worry about your kids and how they will get on in life, and what prospects may him them in the face when they mature to adulthood?

    It looks like an emotive question, I stress it's not. It's a realistic question.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    HammerSmashedFace wrote: »
    This recession will be unlike any other, watch and see.

    i thought that we'd be out of recession at the end of this quarter?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    This isn't a jab, but can I just ask....

    To all thoe in favour of higher prices, do you not worry about your kids and how they will get on in life, and what prospects may him them in the face when they mature to adulthood?

    who's in favour of higher prices? :confused:
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    who's in favour of higher prices? :confused:

    Do I really need to answer this question?

    If we could concentrate on the question I asked, rather than go down this route, I personally would be grateful :)
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    This isn't a jab, but can I just ask....

    To all thoe in favour of higher prices, do you not worry about your kids and how they will get on in life, and what prospects may him them in the face when they mature to adulthood?

    It looks like an emotive question, I stress it's not. It's a realistic question.

    I would be more concerned with the lack of company pension provison, house prices sort themselves out as they always do (market forces and all that).
    '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
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Do I really need to answer this question?

    If we could concentrate on the question I asked, rather than go down this route, I personally would be grateful :)

    it looks like you probably do...

    most of the people that you think that are in favour of higher prices are probably not.

    what they discuss and argue is that property prices will not drop to the levels that the more bearish posters expect or want. they are more realistic - that's pretty obvious from what hasn't happened over the last 2 years.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    To all thoe in favour of higher prices, do you not worry about your kids and how they will get on in life, and what prospects may him them in the face when they mature to adulthood?

    It looks like an emotive question, I stress it's not. It's a realistic question.

    Could you clarify those people for me, not seen anyone state they want higher prices.
    Or would they just be people who don't subscribe to 40%+ falls?:confused:
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Graham_Devon wrote: »
    Do I really need to answer this question?

    If we could concentrate on the question I asked, rather than go down this route, I personally would be grateful :)

    I'll answer your question which was:

    To all those in favour of higher prices, do you not worry about your kids and how they will get on in life, and what prospects may him them in the face when they mature to adulthood?

    I don't have any children, however if I did I would make it my business to ensure they were ok. I would probably pay their deposit and set them up in a house so they could rent a room or two out. I think it would be a good learning curve for them and teach them good financial discipline while they were quite young.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • the_ash_and_the_oak
    the_ash_and_the_oak Posts: 1,636 Forumite
    If I owned an asset I would want it to increase imo - don't see a problem with that
    Prefer girls to money
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    HammerSmashedFace wrote: »
    Indeed, that forecast was made before the introduction of £200 billion funny money (which has scared people out of cash and into assets) and the reduction of the base rate to 0.5%, which allows all those were struggling or losing an income to to get a cushy landing onto an SVR or huge reductions from their tracker.

    Still 48k is pretty bad when considering what has been done to help them, if it hadn't of been done most would agree that repo's would have easily breached 100k if not a lot more with prices continuing to fall off a cliff.

    You say the prediciton (75k) was made before the introduction of QE so don't understand why you believe the figure would have been a lot more than 33% out.

    QE was on the discussion table at the time of the prediction so it is unclear if they factored this in or not. Still, at worst case if they didn't, there's nothing to suggest their prediction would be so wildly out
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
This discussion has been closed.
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