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Debate House Prices
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Prices Stable or Rising in 94% of the UK....
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For a second Hamish, I thought you were going to explain how the "Big Picture" fits your plans of ever increasing HPI, in these uncertain times.
Yes, and I'll try and keep it simple enough that even you can understand.
Growing population + Not enough house building = HPI
Simples.....
Whereas, all your "big picture" nonsense has proven to be complete and utter tosh.
Unemployment has been rising all year, but prices rose anyway.
Effective interest rates for most buyers, especially FTB's, are still at 2007 levels and in some cases higher, but prices rose anyway.
Mortgage availability fell by 70%, but prices rose anyway.
Companies went bankrupt left right and centre last year, but prices rose anyway.
The house buying public was subjected to endless sentiment destroying doom and gloom, but prices rose anyway.
In the worst recession since the war, prices rose anyway......
It's always all about the supply and demand. There is no other picture.“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”0 -
Graham_Devon wrote: »Seriously Hamish, question for you.
Does what you have said just there, not make you stop and think?
What you are saying is it's an astounding result. Therefore, we could conclude that it's not normal (which it isn't).
So what is astounding about it? Is it:
A) the abnormality of the situation
the fact prices are rising well above any kind of inflation and also wages?
C) Something different....(Explain)
If A or B, do you not see why both pose a big question?
I'd be interested in a response to this as well."There's no such thing as Macra. Macra do not exist."
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "0 -
Spartacus_Mills wrote: »I'd be interested in a response to this as well.
(C). Something else.
Namely, definitive proof that the supply shortage in the UK is so severe, it can reverse half the falls from the biggest crash in history within 12 months of the market turning. Versus several years last time.“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”0 -
I should have added E) Bluster.0
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Graham_Devon wrote: »I should have added E) Bluster.
Or (F), Graham has a tantrum when he doesn't like the answer.“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”0 -
It's not an answer. It in no way answers the question I asked.
You have simply reverted back to your usual supply and demand stance while ignoring the specific question I asked.
I may aswell take my car to the garage as it's lost power, ask them whats wrong with it, and they simply tell me how a car works, ignoring the question I asked, and leaving me no better off in terms of whats wrong with the car.0 -
Graham_Devon wrote: »It's not an answer. It in no way answers the question I asked.
The question you asked was......So what is astounding about it? Is it:
A) the abnormality of the situation the fact prices are rising well above any kind of inflation and also wages?
C) Something different....(Explain)
I answered (C) something different, and then explained.
You don't like the answer, so you are throwing a tantrum.
But I did answer your question.“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”0 -
Hamish Hamish Hamish.
Something different was in relation to the question.
It wasn't an invitation for you to just say anything you like so you can state you have answered.0 -
Graham_Devon wrote: »Hamish Hamish Hamish.
Something different was in relation to the question.
It wasn't an invitation for you to just say anything you like so you can state you have answered.
And my answer was in relation to the question.
For the umpteenth time Graham, prices cannot rise unless demand exceeds supply. It is astounding that houses are in such short supply that prices have risen so quickly. As there is no mechanism on the horizon for supply to increase quickly, prices must inevitably now rise far faster than I had previously thought.
Heck, maybe Turnbull2000 is right, maybe prices will cross previous peak this year.
I'd find that pretty astounding myself, but I'd also be well aware it was solely the result of supply and demand imbalances, as all price rises are....
Why do you find such a basic economics principle so incredibly hard to understand?“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”0 -
explain to him the concept of aggregate demand - actually on 2nd thoughts don't, he won't understand itHAMISH_MCTAVISH wrote: »For the umpteenth time Graham, prices cannot rise unless demand exceeds supply. It is astounding that houses are in such short supply that prices have risen so quickly. As there is no mechanism on the horizon for supply to increase quickly, prices must inevitably now rise far faster than I had previously thought.
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