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Debate House Prices
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House prices set to crash from this point on
Comments
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you really aren't well - get over your misfortunes and behave yourselfCannon_Fodder wrote: »Now I am Hamish?!0 -
Bang goes another thread.
"I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.0 -
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lol - you are truly slow or can only understand things that fit your current viewpoint...Cannon_Fodder wrote: »the real house price in the top graph? (blue/red)
the one dated 2007?
doh.
the Q1 2009 graph looks like the long term average has come and gone...
if it took banks going bankrupt to get to that point it's going to need something much bigger for it to happen again...
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I think making any predictions about house prices going up or remaining stable whilst we have a raft of temporary policies supporting them is folly. Some people believe that when we get recovery that these policies can be removed with no ill effect.
I doubt it, any recovery will be short lived and even if it wasn't the removal of these policies will cause major problems for the market, grim times ahead I'm afraid.0 -
Cannon_Fodder wrote: »Just the over-correction to go, then...
The over correction is usually predominantly stagnation and inflation (real term falls) not nominal.
Unless you can guarantee wage inflation the nominal bottom is best to hit.0 -
apparently the "return to normal" for house prices has come and gone.
maybe - but i can't predict the future. can you?
ps... the real house price is higher than it is now... that's a big trend that is going to need reversing...lol - you are truly slow or can only understand things that fit your current viewpoint...
the Q1 2009 graph looks like the long term average has come and gone...
if it took banks going bankrupt to get to that point it's going to need something much bigger for it to happen again...
You posted two graphs and said "real prices are higher".
As only 1 graph shows Real being above trend, I had little choice but to point out your mistake.
If you meant to post Q3 2009 or Q4 2009, showing the recent gains pushing the Real price above trend, say so.
Its your slowness that is really starting [STRIKE]to worry me[/STRIKE]....to amuse me.0 -
lol - you've selectively quoted me instead of reading properly. no wonder you don't understand and aren't very good at this.Cannon_Fodder wrote: »You posted two graphs and said "real prices are higher".
As only 1 graph shows Real being above trend, I had little choice but to point out your mistake.
If you meant to post Q3 2009 or Q4 2009, showing the recent gains pushing the Real price above trend, say so.
Its your slowness that is really starting [STRIKE]to worry me[/STRIKE]....to amuse me.
here's exactly what i said
but anyway - trying to make it all personal was your initial tactic when you didn't have a leg to stand on... but anyway i expect no less from you... it's typical...apparently the "return to normal" for house prices has come and gone.0 -
House prices set to crash from this point on
I think that everyone believes interest rates will go up this year. Everyone knows unemployement is high and getting higher. Stamp duty is back and wages are being increasingly frozen. Now with taxes going up I believe prices will resume the crash. Asking prices have been down month after month and now the other figures are flatlinning or going down. There is a bear resurgance and now the media are taking notice of the basic economics.
Below is a link to what I will think will be the first of many bears on the news debating the continuation of the housing crash:
http://armstrong-davis.com/jonathan-davis-media/235/
Would that be the real world, 'basic economics' of a vast and ever growing mismatch between supply and demand in the UK housing market, then?
Or is it, as usual, the carefully selected 'basic economics' that certain posters tend to favour when reality is discordant with their prejudices..?0
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