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Debate House Prices


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hpc going into meltdown.....

HAMISH_MCTAVISH
HAMISH_MCTAVISH Posts: 28,592 Forumite
Part of the Furniture 10,000 Posts Name Dropper Photogenic
in Debate House Prices & the Economy
On top of the other threads posted about in the last 24 hours, here's two more.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=139985

http://www.housepricecrash.co.uk/forum/index.php?showtopic=139959

:beer:

A sudden outbreak of reality has set in over there.

Wonder how long before the hive mind regains control?:rotfl:
“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”
«13456

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    HAMISH_MCTAVISH wrote: »
    On top of the other threads posted about in the last 24 hours, here's two more.

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=139985

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=139959

    :beer:

    A sudden outbreak of reality has set in over there.

    Wonder how long before the hive mind regains control?:rotfl:

    Opinions seem to have changed in Aus now, at least amongst people who work in banks to a mindset that says, "ok, if it's cheaper to rent than buy then I'll rent."

    Then Aussies are much more interested, by and large, in lifestyle than income. Income is required for what you need to do on the weekend.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    HAMISH_MCTAVISH wrote: »
    On top of the other threads posted about in the last 24 hours, here's two more.

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=139985

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=139959

    :beer:

    A sudden outbreak of reality has set in over there.

    Wonder how long before the hive mind regains control?:rotfl:

    You really do have nothing in your life do you?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    Opinions seem to have changed in Aus now, at least amongst people who work in banks to a mindset that says, "ok, if it's cheaper to rent than buy then I'll rent."

    Then Aussies are much more interested, by and large, in lifestyle than income. Income is required for what you need to do on the weekend.

    Fair enough. You can buy a lot of Beer and BBQ with a mortgage payment.

    Perhaps not the most responsible long term plan though, as buying is almost always cheaper than renting over any time frame longer than a few years. Seem to recall a fair few articles discussing rents increasing in Aus lately as well, not to mention the ongoing HPI due to population increase, now above previous peak in fact.

    But overall, I am sensing a new reality setting in amongst a large number of the bears. A grudging acceptance that they have lost.

    The powers that be went for the "nuclear option" rather than abandoning the economy to the next great depression as the bears wanted.

    from_Iran_Peace_Love.jpg

    And it worked.

    Disaster was averted. Recovery is ongoing. The crash is over.....
    “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”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ruggedtoast wrote: »
    You really do have nothing in your life do you?

    It really annoys you that the bulls were right.:D
    “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”
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Sounds like they are snapping up those $1 houses in Detroit.
    '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
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    StevieJ wrote: »
    Sounds like they are snapping up those $1 houses in Detroit.

    They're welcome to them.

    Actually, they'd fit right in living in a ghetto like Detroit.

    They could see the result of all their pet theories in action. Depopulation, worthless property, unemployment, recession, removal of services, and the associated crime and drug epidemics.

    The baked bean stashes and survivalist obsessions would be handy assets to have.:rotfl:
    “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”
  • boomerangs
    boomerangs Posts: 284 Forumite
    HAMISH_MCTAVISH wrote: »
    On top of the other threads posted about in the last 24 hours, here's two more.

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=139985

    http://www.housepricecrash.co.uk/forum/index.php?showtopic=139959

    :beer:

    A sudden outbreak of reality has set in over there.

    Wonder how long before the hive mind regains control?:rotfl:
    The obsession concerning housepricecrash.co.uk by hpc.co.uk's No.1 reject continues unabated

    At some point in your life you're going to have to put it behind you and move on otherwise it'll continue to eat you up inside. :rotfl:

    No wonder they banned you.
  • Emy1501
    Emy1501 Posts: 1,798 Forumite
    Kate Barker at the BOE has said that the mortgage market is going to become difficult of the coming years with the end of SLS.

    Our current chancellor has told us that over 200K people are being kept in their home via SMI and verious other scheme.

    All the would be chancellors have said that cuts over the next few years will be worse than the 80's

    Interest rates can only go one way from here.


    How people can believe that house prices can continue rising once the cuts start is beyond me. The fact that some can't wait for cuts to start which is April 2011 is fair enough but those believing prices can only go one way ie up really do need their head examining.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Emy1501 wrote: »

    How people can believe that house prices can continue rising once the cuts start is beyond me. The fact that some can't wait for cuts to start which is April 2011 is fair enough but those believing prices can only go one way ie up really do need their head examining.

    I think most people think are looking towards stagnation for the foreseeable.
    '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
  • Kohoutek
    Kohoutek Posts: 2,861 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Bulls being euphoric is the ultimate indicator for the bear case.
This discussion has been closed.
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