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Debate House Prices


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House Prices Down 0.1%

2

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    carolt wrote: »
    To save me the legwork, chucky, tell me how much prices went up in each April over the last decade.

    Then compare.

    Down 0.1% for April must be exceptional, surely.
    no idea and won't bother checking not important - this just the Halifax who seem to be out of sync anyway.

    but i will tell you that the halifax is 0.8% lower than it was December which tell us there aren't falls on there way and house prices are going to be very flat for a long time
  • carolt
    carolt Posts: 8,531 Forumite
    I don't see the logic - why does the fact that house prices have already fallen a little this year mean that they won't/can't fall further this year?

    Mystified.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    carolt wrote: »
    I don't see the logic - why does the fact that house prices have already fallen a little this year mean that they won't/can't fall further this year?
    because stagnation is here to stay unless banks collapse, income tax goes to 35% and unemployment hits 3.5 million you're not having any house price crash.
    carolt wrote: »
    Mystified.
    i'm sure that this isn't a new emotion for you
  • carolt
    carolt Posts: 8,531 Forumite
    chucky wrote: »
    because stagnation is here to stay unless banks collapse, income tax goes to 35% and unemployment hits 3.5 million you're not having any house price crash.

    Why?

    Why is 'stagnation here to stay'?

    What is your proof for that statement?
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    carolt wrote: »
    Why?

    Why is 'stagnation here to stay'?

    What is your proof for that statement?
    because there isn't very much that's going to drive house prices up or house prices down
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    because there isn't very much that's going to drive house prices up or house prices down

    Are you forgetting what's driving them up?

    Are you forgetting the collosal amoutn of money pumped in to the economy? Are you frogetting the government telling banks to lend? Are you forgetting interest rates? Have you seen how volitile the markets are at the moment? Have you seen our debt? Have you seen the record numbers of bankrupcies today?

    Now, I have agreed before now, that I no longer see a massive crash, as all parties seemed intent on keeping house prices up through various measures.

    But to say theres not much to bring them down, is laughable.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Are you forgetting the collosal amoutn of money pumped in to the economy?
    because QE money has gone to people to buy houses - very good
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    because QE money has gone to people to buy houses - very good

    And without QE, there would be banks ready and willing to lend at todays rates?

    Very good.

    Notice you picked up on none of the other points :p
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Graham_Devon wrote: »
    Notice you picked up on none of the other points :p
    because i couldn't be bothered to discuss it with you as it would 25 pages later and couldn't be @rsed.

    my view is stagnation and i'm sticking to it for at least to the end of the year.

    your predictions haven't been great so not sure how you can question others... :whistle:
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Graham_Devon wrote: »
    Are you forgetting what's driving them up?

    What, that supply was greater than demand? ;)
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
This discussion has been closed.
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