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Debate House Prices


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  • nembot
    nembot Posts: 1,234 Forumite
    As I enter the realm of the Radio 4 oldies, every single interview I've heard with politicians or economists talk about the recession.

    Admittedly, don't have much faith in how truthful some of these people are, but I would most certainly pay triple the licence fee to listen to James Naughtie interview someone like nollag just one time.

    It'd be funniest interview ever, without a doubt.
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    I am actually quite bearish.

    :eek::eek::eek::eek::eek:
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 13 January 2010 at 6:20PM
    lemonjelly wrote: »
    :eek::eek::eek::eek::eek:

    House prices rose by 4.5% last month alone up here. In what should be the off season, when I was expecting falls, prices rose to a level higher than in any month of 2007 bar two, July and Sept.

    Our unemployment is at 3.5% and falling. Our housing market is rising faster than it did in 2007. Oil prices are up, there are 7 major hotel developments underway, and companies are having trouble finding staff again.

    Trust me, I am bearish by comparison to most Aberdonians....

    And something that should worry the bears..... Whilst my predictions last year were mostly there or thereabouts, the ones that were wrong were in fact far more pessimistic than the reality that subsequently unfolded.

    So when I'm wrong, it tends to be to the downside. I am more bearish than reality proves to be. ;)
    “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”
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    that's not really true... taking one days data and calling the collapse of Shell, BP and the rest of the FTSE isn't really a marathon - it's just being premature...

    you would never do that or would you ;)

    If major companies in the same industries report downward pressure on profits. Then maybe its time to pocket profits at this point.

    Hardly a collapse. ;)

    PS. Did you see that BP cut its 3rd quarter dividend last year.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    If major companies in the same industries report downward pressure on profits. Then maybe its time to pocket profits at this point.

    Hardly a collapse. ;)

    PS. Did you see that BP cut its 3rd quarter dividend last year.
    one company Chevron (granted a very big company) - RDSB -1.5% and BP -0.6%, they'll be back

    yep - i did but it actually increased due to the exchange rate. these opportunities have to be made the most of
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    Thrugelmir wrote: »
    Surely you would know that bears hibernate in the winter. Conserving their energy for the battles ahead.

    Only mad bulls stand out in the freezing cold in a desperate attempt to attract attention and get someone to feed them...


    That would explain why house prices and market activity has dipped over the winter months. Even Hamish predicted this.

    But wait... no.... can it be true ???

    House prices continued to climb over the winter !!!!

    :T:T

    Really looking forward to the Spring bounce.

    You bears had better not hibernate for too long... you have already missed a whole lot of sunshine since Feb 2009

    :rotfl::rotfl:
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    nollag2006 wrote: »
    Really looking forward to the Spring bounce.
    So am I. Will be a very interesting year I suspect.
  • nollag2006 wrote: »
    That would explain why house prices and market activity has dipped over the winter months. Even Hamish predicted this.

    But wait... no.... can it be true ???

    House prices continued to climb over the winter !!!!

    :T:T

    Really looking forward to the Spring bounce.

    You bears had better not hibernate for too long... you have already missed a whole lot of sunshine since Feb 2009

    :rotfl::rotfl:
    Keep trying nollag. If you persist for long enough you might just entice a bear. But with such lame and obvious bait I fear you will have a very, very long wait. :rotfl:
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    .... things are nowhere near as bad as our millenarian friends would have us believe.

    What have hats got to do with it? Some of us are capable of wearing many hats, even simultaneously!:cool:

    Seriously though, I've had a Wiki look at the various groups that could be described thus, and apart from Asheron and maybe one or two occasionals, there don't seem to be many millenarians here. Some look further ahead than others, perhaps.

    For many, this forum is a substitute for sport, and there are only two teams, a bit like Celtic & Rangers if you like. However, in the real world that most of us inhabit, we win and lose a little every time there's a result in the Haliwide League or a significant movement of the FTSE.

    I suspect very few of us are always in a win-win situation. It depends how long we think the match is and, to be even more cryptic, what game we think we're playing.;)
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    stueyhants wrote: »
    Or it could be down to the fact that most debates gets drowned out by 100s of bulls. Mirror image of HPC.

    Laugh of the week icon7.gif
    '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
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