HPC over?

the_ash_and_the_oak

the people who believe prices will rise and the people who believe prices will fall are not always the same people tbf.

imo its daytime. ask me same time tomorrow I'll say the same thing. Prob won't say it in 12 hours time though

Really2

Lotus-eater wrote: »

Yes and I admire them in sticking their head out, I hope they put their money where their mouth is and invest some money in the property market, instead of just shouting about it on an internet forum........

I did.;)........

abaxas

As we drop from being a 1st to 2nd world nation.

How are we going to pay for these houses?

the_ash_and_the_oak

with the currency of a 2nd world nation?

nembot

Would anyone care to share why high prices are a good thing, excluding personal gain?

the_ash_and_the_oak

people like personal gain imo.

Well i do anyway

nembot

So it's okay as long as you're okay?

the_ash_and_the_oak

nembot wrote: »

So it's okay as long as you're okay?

Yes.

(you didn't ask what I measure personal gain in - clues in the sig)

nembot

Sounds like a plan :T

Rick62

Really2 wrote: »

It is very likely Feb 2009 was the nominal bottom. Not many are predicting falls below that level now.

Well I am. The fact that you are probably right (that not many people think prices will go lower) is testamant to the economic illiteracy of 99% of the population, not to their being right.

Government printing £175 + billion (in one year), increasing taxes, falling tax revenues, unemployment, bloated overpaid civil service, bust banks, - how do you think prices can stay up? Only if the government keeps rates at 0.5% and keeps overspending by circa £200 billion a year - how long can they keep that up? Maybe till May 2010, at most.

I'm currently buying a property if I only lose £100k on it I'll be very happy.