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Debate House Prices
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House Prices 27% Overvalued!
Comments
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so you were frothing away with you're little bit of info thinking you knew it all...
what a mug :rotfl:
LOL frothing away? I merely posted it on here as good info.
You have nothing on me my friendHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
LOL frothing away? I merely posted it on here as good info.
Your claims do not stand up to scrutiny.
Average age of FTB's is lower now than two decades ago.
Percentage of income spent on mortgage payments by FTB's is less now than the long term trend, and almost half the previous peak in 1990.
House prices are almost exactly on the long term trend.
And the last crash was the biggest in history, almost twice as big as the 90's crash.
In fact pretty much the only metric you can point to in claiming prices are too high is the wholly discredited earnings to prices ratio, which was skewed by several decades of the highest rates in the BoE's 350 year history.“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_MCTAVISH wrote: »Your claims do not stand up to scrutiny.
Average age of FTB's is lower now than two decades ago.
Percentage of income spent on mortgage payments by FTB's is less now than the long term trend, and almost half the previous peak in 1990.
House prices are almost exactly on the long term trend.
And the last crash was the biggest in history, almost twice as big as the 90's crash.
In fact pretty much the only metric you can point to in claiming prices are too high is the wholly discredited earnings to prices ratio, which was skewed by several decades of the highest rates in the BoE's 350 year history.
I posted no 'claims', merely a good read article from thisismoney.co.uk
They, the article, is very accurate in my opinion though.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Just found a solution to insane house prices lmao
http://www.thisismoney.co.uk/mortgages-and-homes/article.html?in_article_id=507398&in_page_id=8
read itHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
chucknorris wrote: »He'll not be buying one soon then, when they do crash again in about 17 years time they will still be more than they are today, but think of all the rent paid in the meantime.
17 years?
So you think the recovery is here and will last 17 years?
What crack are you smoking?0 -
HAMISH_MCTAVISH wrote: »Your claims do not stand up to scrutiny.
Average age of FTB's is lower now than two decades ago.
Yours don't. The average age of first time buyers is up to 37. Is that really younger than 2 decades ago when housing was a lot cheaper and you needed smaller deposits?
http://firstrung.co.uk/articles.asp?pageid=NEWS&articlekey=6205&cat=1-0-0"Age of FTB low"
Hamish Housing Info Minster:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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Yours don't. The average age of first time buyers is up to 37. Is that really younger than 2 decades ago when housing was a lot cheaper and you needed smaller deposits?
http://firstrung.co.uk/articles.asp?pageid=NEWS&articlekey=6205&cat=1-0-0"Age of FTB low"
Hamish Housing Info Minster
Hamish how can first time buyer age be getting lower when about 80% cant afford to buy until prices fall.
Is this a bit like when Hamish said "Gold is going to crash 100% guaranteed" and gold just keeps going up since then.
Keep it up Hamish, you are proving to be a contrarian indicator. Whatever you say the opposite seems to happen.
Can you please predict gold is heading for a crash again?0 -
Yours don't. The average age of first time buyers is up to 37. Is that really younger than 2 decades ago when housing was a lot cheaper and you needed smaller deposits?
No Brit, the average age of a FTB is now 32.
http://www.communities.gov.uk/docume...xls/141293.xls
Which is lower than it was in 1990.
I see the Bear Credibility Index is still plummeting.........
“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 -
Silverbull wrote: »Hamish how can first time buyer age be getting lower when about 80% cant afford to buy until prices fall.
Absolute nonsense.
It's not prices holding them back, it's onerous and historically abnormal deposit requirements from mortgage rationing.Is this a bit like when Hamish said "Gold is going to crash 100% guaranteed" and gold just keeps going up since then.
Keep it up Hamish, you are proving to be a contrarian indicator. Whatever you say the opposite seems to happen.
Can you please predict gold is heading for a crash again?
Gold is in a super-bubble and is going to crash, 100% guaranteed......
http://www.telegraph.co.uk/finance/financetopics/davos/7085504/Davos-2010-George-Soros-warns-gold-is-now-the-ultimate-bubble.htmlGeorge Soros warns gold is now the 'ultimate bubble'
Gold is now "the ultimate bubble", billionaire investor George Soros has declared, sparking fears that prices for the precious metal may soon suffer a tumble.
Mr Soros, arguably the most famous hedge fund manager in history, warned that with interest rates low around the world, policymakers were risking generating new bubbles which could cause crashes in the future.
In comments delivered on the fringe of the World Economic Forum, Mr Soros said: "When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold."
Now thats not to say you cant make money riding a bubble. Soros has done that plenty of times in plenty of commodities, gold included.
But when your taxi driver or shoe shine boy (or internet gold-bug) starts telling you about the money in gold, it's time to get out.
When the "We Buy Gold" ads are all pervasive, and you can buy the stuff in vending machines, it's most certainly time to get out.
I don't know when it will crash, but crash it most certainly will.“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
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