Why are the Bulls here buying this 0.1% recovery

StevieJ

Cleaver wrote: »

Just for my interest really, how do they 'lie'? I'm not asking for a vague, "well, they just do" answer, more the process as to who lies, how they lie, who is involved, who orders the lies etc.?

As becoming of a scientific mind.

Harry_Powell

Cleaver wrote: »

I made this point yesterday, so I guess I will again. Stop looking at the government, financial stimulus, QE, "vested interest" and all the other financial and media aspects that we're all so obsessed with on this forum and put your head above the parapit in to the real world for a second.

Have people fundementally changed? Have the general public realised that mortgaging yourself to the hilt isn't a good idea? Do poeple in your place of work discuss the fact that property is no longer a great way to make money, or are people still of the view that long term property is still a good investment, whether as a home or to let out? Are people around you talking about the fact that there is loads of quality housing around them at falling prices so they are going to wait? Basically, has there been a cultural tipping point regarding property? I don't think so.

As previously pointed out, I'm not a bear or bull as I'm quite clueless as to the direction of travel for house prices (and because bear and bulls don't exist in the real word). But having bought a house in the middle of all the madness six years ago, then again in late 2006 then more recently towards the end of 2009 I don't see much difference. When we were searching in Oct / Nov there were people outbidding us for places, houses selling after a couple of days on the market, people increasing prices and then selling... it was madness. And why? Because, fundementally, not a lot has really changed. You can still get 10% deposits and mortgage rates are pretty much the same but, and this is the key, we ('we' being the British public) love houses. We love living in them, talking about them, buying them and, in a lot of cases, making money on them. And, in my limited view, there doesn't appear to be enough of the type of housing people want. I'm not saying this national obssession is a good thing (in fact it's quite sad) but it's a fact of life. It doesn't matter if you're a "bull" like Hamish or a "bear" like you, the fact is that you're both here because you're a touch obssessed with house prices. If "nobody was buying houses" as you assert then no one would be here fiercing debating it. (I should point out that during our latest search for a house there were plently of houses for sale at 2007 prices that we getting no views and will never sell at that price, but there were plenty of places selling. I imagine it's just the same now after a few months of rises.)

Just asserting that "It's all false. Nobody is buying houses. The market doesn't exist anymore as we know it." and cleverly putting the word 'lie' in to 'labour' makes you sound a bit immature and paranoid.

Top post Cleaver, and something I've tried and failed to get across on this forum in the past. The UK populace has a mania for home ownership and unless this changes we will not see a substantial reduction in property prices.

So many bears on here and HPC fail to see the dichotomy of wanting to see house prices fall because they're desperate to buy a house.

phil_b_2

Harry_Powell wrote: »

So many bears on here and HPC fail to see the dichotomy of wanting to see house prices fall because they're desperate to buy a house.

:T

Most of them would buy tomorrow if they suddenly had a pot of cash to do so. the only way house prices would crash significantly is if forums like hpc actually didnt exist, and nobody was really bothered about owning a house. But then we wouldnt even be debating it and bulls/bears wouldnt exist. Bulls, themselves and their desires, are part of the reason house prices are being sustained.

adr0ck

Harry_Powell wrote: »

So many bears on here and HPC fail to see the dichotomy of wanting to see house prices fall because they're desperate to buy a house.

that is a quality line

abaxas

Cleaver wrote: »

Right, okay. So just as a quick question. Most of the financial commentators were predicting quarterly growth of 0.4% a week or so ago. Most news agencies picked up on this in the few days before the official announcment and reported that it was "likely" to be 0.4%. If there is someone making up the stats then why on earth did they decide on 0.1% rather than the far more positive 0.4%? Seems a strange decision to make.

Using Nationwide as another example (you say this is also 'lies'), here is the methodology they use:

http://www.nationwide.co.uk/hpi/method_qs.htm

Just for my interest really, how do they 'lie'? I'm not asking for a vague, "well, they just do" answer, more the process as to who lies, how they lie, who is involved, who orders the lies etc.?

Becasue they dont allow outside scrutiny. How can you beleive someone who wont allow themselves to be checked.

Conrad

Thrugelmir wrote: »

Buy British.

I've long argued that people don't follow through significantly on this stated aim.

In my experience most of us will be only too happy to bag a bargain - and that means the product will have been made abroad.

System

Dichotomy. Cor!

chucky

Harry_Powell wrote: »

So many bears on here and HPC fail to see the dichotomy of wanting to see house prices fall because they're desperate to buy a house.

very well summed up in that sentence - they can't change the tide but they can learn how to swim. unfortunately too many don't want to learn...

Conrad

Cleaver has it spot on.

The crashists simply don't take proper account of the 'man in the street'(TMITS).

By and large TMITS has a basic philosphy that pensions cannot be relied upon, but property dispite the downsides is easily understood and above all in the control of the owner to a far greater degree than a pension where distant money men invest on thier behalf, for a large chunk of course.

A property can be passed on to your kids, a pension after retirment commences, will die with you (ok I know you can build in ,ife cover but thats for an additional unecessary cost).

Sometimes your spouse gets half, but when they die, the whole thing passes over to the annuity provider leaving the kids with nowt. Rubbish.

IveSeenTheLight

Thrugelmir wrote: »

Buy British.

My son absolutely loves banana's.
Can you show where we someone can get British Bananas?

Many people wake up to a cup of coffee.
Do they grow coffee beans in Britain?

etc

etc

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