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Debate House Prices
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If prices don`t fall to 3x income, it will be the first time in history.
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will we get to the stage where people who can't afford to buy , and then decide to rent cannot afford to rent because presumeably if hp keep on rising then rents will have to rise as well ,
£40k may be the average but thereare millions who areearning far less than that
Not saying it's ideal, but home sharing seems to be the next option going forward.
The answer is to address the supply issue such that there is less competition to purchase property.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Llubrevlis wrote: »All Im saying is that in bubbles like the one we are in, it usually overshoots at the bottom.
We are no where near the bottom yet.
And in all other crashes the majority of the fall (nominal) was in the first couple of years. After that most of the fall is in real terms, so looking at the nationwide "real house prices" graph may have you believing we are going to get more falls, in reality after 1992 prices were pretty much stagnant until 1996.0 -
If history has taught us anything it is that you can't always use history to predict the future. Whistling in the wind mate. Might as well roll a dice.And in all other crashes the majority of the fall (nominal) was in the first couple of years. After that most of the fall is in real terms, so looking at the nationwide "real house prices" graph may have you believing we are going to get more falls, in reality after 1992 prices were pretty much stagnant until 1996.0 -
"If prices don`t fall to 3x income, it will be the first time in history."If history has taught us anything it is that you can't always use history to predict the future. Whistling in the wind mate. Might as well roll a dice.
I agree.
“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 -
I am a family .... of one. I'm valid. We count.
Single power!0 -
HAMISH_MCTAVISH wrote: »"If prices don`t fall to 3x income, it will be the first time in history."
I agree.
extremely foolish post.
exocet's post made a decent amount of sense in response to a slightly daft chartist/extrapolater post by really2 but he very deliberately did not use it in the context of the well-established 3x rule.
another one of the things that i think we can all agree history has taught us anything is that false positives are a damned sight more common that false negatives when 'new paradigm' talk is being used by bubble apologists.FACT.0 -
HAMISH_MCTAVISH wrote: »"If prices don`t fall to 3x income, it will be the first time in history."
I agree.
You agree with legendary investor Jeremy Grantham`s statement?
How does that work, you think history will not repeat?
Is this like your statement that gold was heading for a crash 100% guaranteed? You were a little bit off with that one Hamish.0 -
My gut feeling is that the big drops will/have already finished and that what we will see for the next few years is very small increases/very small decreases, whilst we bump along at the bottom.
Then they will start going up but not on a spectacular basis initially and then gradually gather speed as more confidence returns.
Nothing to base it on apart from what happened in the 90's and good old gut feeling, so could be completely and utterly wrong! Of course, this could all depend on area...as with everything, some areas will always out perform others and others will always do more poorly than others/take longer to start to rise.We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.0 -
Llubrevlis wrote: »You agree with legendary investor Jeremy Grantham`s statement?
How does that work, you think history will not repeat?
Is this like your statement that gold and silver was heading for a crash 100% guaranteed? You were a little bit off with that one Hamish.
Hamish is right about gold and silver going crash soon 100% guaranteed he was just a little early.0
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