Debate House Prices
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Get ready for the storm
The-mouth-of-the-south
Posts: 56 Forumite
House prices are so out of wack and will have to come down in line with wages. People who say otherwise are kidding themselves and more than likely have a vested interest.
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Comments
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That's such a deep and interesting post that I'm having trouble replying. Really insightful, thanks. I'm sure if all your posts are at the same calibre as this one then you're going to run rings around a lot of posters on this board.
Would it be possible to have a bit more on the storm? As you mentioned it in the title, but then we didn't hear about it again. Is it a financial storm? Or more an apocalyptic one? Or is it the return of one of the Gladiators from the mid-90s TV show of the same title?0 -
That's such a deep and interesting post that I'm having trouble replying. Really insightful, thanks. I'm sure if all your posts are at the same calibre as this one then you're going to run rings around a lot of posters on this board.
Would it be possible to have a bit more on the storm? As you mentioned it in the title, but then we didn't hear about it again. Is it a financial storm? Or more an apocalyptic one? Or is it the return of one of the Gladiators from the mid-90s TV show of the same title?
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The-mouth-of-the-south wrote: »House prices are so out of wack and will have to come down in line with wages. People who say otherwise are kidding themselves and more than likely have a vested interest.
Its the perfect storm.
No doubt about it gold and silver are way undervalued and property is way overvalued. This is easy to see with only a small amount of studying history.
But Man of the South dont expect every one on here to have studied history. Some people actually believe what the papers feed them.0 -
I'm frankly shocked that rewired hasn't yet thanked the OP.
Edit: Phew, there ya go.0 -
The-mouth-of-the-south wrote: »House prices are so out of wack and will have to come down in line with wages. People who say otherwise are kidding themselves and more than likely have a vested interest.
Lot's of people say that. I am/was inclined to agree. In theory.
So in practice, why isn't it already happening?If you don't stand for something, you'll fall for anything0 -
Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!0 -
RobertoMoir wrote: »Lot's of people say that. I am/was inclined to agree. In theory.
So in practice, why isn't it already happening?
Because real life doesn't really follow what people have worked out should happen in theory?0 -
RobertoMoir wrote: »So in practice, why isn't it already happening?
Because markets are not rational, logical, or reasonable things.
Its a matter of fact that markets can stay irrational, illogical and unreasonable for a lot longer than you can stay solvent.Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!0 -
Its the perfect storm.
No doubt about it gold and silver are way undervalued and property is way overvalued. This is easy to see with only a small amount of studying history.
But Man of the South dont expect every one on here to have studied history. Some people actually believe what the papers feed them.
From a well respected website
Friday 14th May 2010 [FONT=Arial, Helvetica, sans-serif] Gold is currently viewed as the best game in town - Enjoy it while it lasts but remember, when markets move from back page coverage to front page headlines because of their strength, they are also travelling towards peaks of at least medium-term significance. (See yesterday's extensive technical review of gold bullion.) [/FONT]'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 Thatcher0 -
From a well respected website
Friday 14th May 2010 [FONT=Arial, Helvetica, sans-serif] Gold is currently viewed as the best game in town - Enjoy it while it lasts but remember, when markets move from back page coverage to front page headlines because of their strength, they are also travelling towards peaks of at least medium-term significance. (See yesterday's extensive technical review of gold bullion.) [/FONT]
What well respected website is that?
Any links?
Is that like quoting the Sun and saying a well respecting newspaper.
Oh it must be true then. Better sell my gold and silver now:rotfl:0
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