Any HPCers on here?

stueyhants

julieq wrote: »

And here's me thinking it was a global banking crisis because of the effects of securitised "toxic" debt derived from reckless lending in the US which led to a more or less dead stop in lending and a general collapse in confidence, both of which removed demand and caused prices to drop.

So no problems in the UK. All down to nasty Sam and those pesky sub primers then ?

The US may have been the catalyst but the UK HPI madness up to 2007 was always going to come to an end.

Bust will always follow boom.

Bootski

stueyhants wrote: »

So no problems in the UK. All down to nasty Sam and those pesky sub primers then ?

The US may have been the catalyst but the UK HPI madness up to 2007 was always going to come to an end.

Bust will always follow boom.

Yeah - From what I recently understand they were all sucking it off a Global LollyPop!;)

julieq

I thought trite homilies like "bust will always follow boom" were the sort of thing women were supposed to do?

The housing market was overheating but there was nothing to force it down, unemployment was low, interest rates were historically low, growth was OK. All that was wrong was that it was getting beyond a lot of people. Stagnation was a perfectly predictible outcome, most people were predicting it. A bank crisis was way off the radar.

If the US crisis was the catalyst to a correction, as Graham so cogently pointed out (in between n0b jokes), then you would have expected the correction to have been sustained. But it wasn't, prices have risen again.

Which should tell you that things weren't working like you thought.

stueyhants

Your assuming that prices stablise or keep going up. A fair assumption given the last 6 months, but not 100% certain.

Lets have the same conversation in 12-18 months time.

Bootski

It's come down to supply and demand, hasn't it.

Rents are rising nearon 20 percent.

This whole market is right off the wall - why should I understand it now in it's madness than when it was more stable???? Is that life??

Bootski

stueyhants wrote: »

Your assuming that prices stablise or keep going up. A fair assumption given the last 6 months, but not 100% certain.

OK Lets have the same conversation in 12-18 months time.
Yes, lets have the same conversation later on. I'll bet it will be through the roof by then:eek:

Bearing in mind we had this converstation 12-18 months ago!!:(

If prices can hold out in the worst recessetion in decades, I don't know:p

stueyhants

Bootski wrote: »

OK Lets have the same conversation in 12-18 months time.
Yes, lets have the same conversation later on. I'll bet it will be through the roof by then:eek:

Bearing in mind we had this converstation 12-18 months ago!!:(

If prices can hold out in the worst recessetion in decades, I don't know:p

But prices are lower now than 18 months ago ?

HAMISH_MCTAVISH

Turnbull2000 wrote: »

Re-registered and posted this quote from George Osbourne in today's Times.



It was deleted in 30 seconds :rotfl:

Well, now you know.

It's "Ban the Bulls" time on HPC...... yet again......

Clearly panic and desperation are setting in big time over there.

I just have no idea how on earth they think banning bullish opinions and posts serves their members interests.

When it is completely obvious that the confirmation bias is what is causing them to get it so badly wrong, so consistently.

HAMISH_MCTAVISH

stueyhants wrote: »

But prices are lower now than 18 months ago ?

Not much, and not for long.....:D

And now 5% higher than 12 months ago.:T

boomerangs

All the bull trolls from HPC.co.uk like Hamish were understandably banned because they are/were obsessives with serious personal issues.

Their bannings must really stick in their craws too because all they do is post about HPC.co.uk on MSE ad nauseam. :rotfl: