Debate House Prices


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Why State Finances are in a 2s8d, why the ConDems won't fix it & why it's your fault

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  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    it actually doesn't.

    when house property prices fall less people are actually able to buy property.

    Strange but true, as we have witnessed over the past couple of years.
    '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
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    chucky wrote: »
    lol

    just because people have a different view to you it doesn't mean they're all the same person.

    is this your usual tactic where someone makes points again the coalition govt and you get all nervous and try to distract the actual point that they were making?

    i think it is... is it because you can't reply to the comments that Laura raised about the coalition talking down the economy in the article she posted...

    A bit rich !!!!!! accusing others of using an AE icon7.gif
    '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
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Strange but true, as we have witnessed over the past couple of years.
    it's happened every time house prices have dropped.

    when house prices drop, banks lend less and less people want to buy property amongst other reasons.
  • LauraW10
    LauraW10 Posts: 400 Forumite
    Wookster wrote: »
    Not sure who's worse, you or hamish.

    What's that supposed to mean?

    Look - your precious coalition is going to tip us into a really nasty recession - they are going to crash the housing market and the banks - and that's all you can come up with ......."not sure who's worse you or hamish" baby-smiley.gif
    If you keep doing what you've always done - you will keep getting what you've always got.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    chucky wrote: »
    it's just a joke about people saying that when house prices drop they will be able to buy the house in cash and have a 20% mortgage and the rest paid in cash. there's been quite a few people claiming it in the past. the six figure comment was £100,000 compared to £1,000.00. just a joke.

    btw it wasn't directed at you :)


    Some of us really do (did?) have six figure deposits. :o I always admitted we'd also be borrowing heavily though. As it turns out less heavily than planned. In the first instance.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    lemonjelly wrote: »
    Partially true. In addition, MIG disappeared in 2004 when it was replaced by Pension Credit.

    What is in a name? do they have significantly different rules?
    '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
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    StevieJ wrote: »
    What is in a name? do they have significantly different rules?

    There are changes. But to quote the Simpsons:

    (Lisa) Would not a rose by any other name still smell as sweet?

    (Bart) Not if they were called stench blossoms.

    (Homer) Or crap weeds.

    (Marge) I certainly wouldn't want 12 stench blossoms for valentines day...:D
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    "For all that the last Labour government was accused of forever turning upwards the tax ratchet, the share of national income paid in taxes has hardly risen since 1997."

    This is true. Gordon was only half successful in an obvious desire to emulate the the old Labour 'tax and spend' approach.
    FACT.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    lemonjelly wrote: »
    There are changes. But to quote the Simpsons:

    I get the impression that pension credit was brought in to partially reward those who Generali was alluding to i.e. those with small pensions.
    '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
  • michaels
    michaels Posts: 29,091 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I suspect that this is almost entirely down to tax credits - if the same redistribution had been done by the traditional method of doling out benefits to the low paid then the tax take would appear much higher - instead netting off the redistribution has kept the apparent overall tax burden down.
    "For all that the last Labour government was accused of forever turning upwards the tax ratchet, the share of national income paid in taxes has hardly risen since 1997."

    This is true. Gordon was only half successful in an obvious desire to emulate the the old Labour 'tax and spend' approach.
    I think....
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