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Debate House Prices


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House prices fall 0.6% in June Halifax

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Comments

  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 8 July 2010 at 5:18PM
    phlash wrote: »
    chucky / chucknorris....which ever alias you go by....

    I must of overlooked your answers to these questions?

    Question 1) How much of our GDP is reliant on public sector spending?
    Question 2) What % cuts to public sector spending do you forsee or know of?
    Question 3) What effect will this have on GDP?
    Question 4) Is there any correlation between GDP and house prices?

    I must have overlooked the question when was it asked of me? You do realise on this very thread I have said I wouldn't be suprised to see house prices fall over the next 2 years haven't you? It's not as if I am shouting for HPI, is it?

    You are obviously an idiot I think most on this board would realise that chucky and I are not the same person. I don't know where you get off by coming on here and demanding that I answer your questions? However I will attempt to:

    1. Well it varies doesn't it I thought about 40% but it has been pointed out to me that is 53%.
    2. Hasn't 40% been mentioned? although I am not sure many years this is expected to continue for.
    3. Isn't 100% - (53% x 40%) = 79% so a 21% drop (assuming all things being equal ie that the public sector does not pick up).
    4. There must be a dampening of house prices if GDP drops but not necessarily matching the fall in GDP. Other factors too are at work ie affordability of which the most important is probably interest rates, are they high at the moment? Additionally how long are these cuts going to last and how long will it be before the private sector picks up.

    Again I reiterate, why are you coming on here and demanding that I answer your questions? I am no economist but have tried to answer your questions to the best of my ability I would be interested to know what generali thought of my answers.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    phlash wrote: »
    I'm beginning to conclude that chuck actually gets some sort of physical satisfaction from the mass debates he has.

    I've just caught sight of this! I was out running, then had to pick my car up form the garage. Have we some history that I have forgotten about? Or are you just a stupid internet twerp that goes around insulting people for no reason?
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 8 July 2010 at 3:53PM
    chucknorris wrote: »
    I've just caught sight of this! I was out running, then had to pick my car up form the garage. Have we some history that I have forgotten about? Or are you just a stupid internet twerp that goes around insulting people for no reason?
    don't let him wind you up - he's obviously come on here for an argument.

    the usual suspects will obviously deny this - or maybe not....
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    chucky wrote: »
    don't let him wind you up - he's obviously come on here for an argument.

    the usual suspects will obviously deny this - or maybe not....

    I'm not really wound up chucky (but thanks anyway) he's obviously just another internet twerp that wouldn't have the balls to say anything to me face to face, yet happily types questionable posts to people that he has no connection with over the internet. Or perhaps in his mind we have had recently had some huge row, however I have no recollection of who this idiot is, so if a row did take place it obviously wasn't important to me.

    He seems to think that we are the same person, however I think most on here would suspect (if not know) otherwise
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • Harry_Powell
    Harry_Powell Posts: 2,089 Forumite
    It's the last resort of the 'bear' gang. When you beat them in an argument they declare to the forum that all you've said is invalid anyway because you're a sockpuppet.

    All they actually do is show the rest of the forum that they're crap at debating.
    "I can hear you whisperin', children, so I know you're down there. I can feel myself gettin' awful mad. I'm out of patience, children. I'm coming to find you now." - Harry Powell, Night of the Hunter, 1955.
  • angrypirate
    angrypirate Posts: 1,151 Forumite
    chucknorris wrote: »
    I must have overlooked the question when was it asked of me? You are obviously an idiot I think most on this board would realise that chucky and I are not the same person. I don't know where you get off by coming on here and demanding that I answer your questions? However I will attempt to:

    1. Well it varies doesn't it but I would say approx 40% wouldn't be too far off the mark.
    2. Hasn't 40% been mentioned? although I am not sure many years this is expected to continue for.
    3. Isn't 100% - (40% x 40%) = 84% so a 16% drop (assuming all things being equal ie that the public sector does not pick up).
    4. There must be a dampening of house prices if GPP drops but not necessarily matching the fall in GDP. Other factors too are at work ie affordability of which the most important is probably interest rates, are they high at the moment?

    Again I reiterate, why are you coming on here and demanding that I answer your questions? I am no economist but have tried to answer your questions to the best of my ability I would be interested to know what generali thought of my answers.
    I thought the answer to 1. was recently published as a shocking 53%. No wonder we as a country are bankrupt
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    angrypirate wrote: »
    I thought the answer to 1. was recently published as a shocking 53%. No wonder we as a country are bankrupt

    I looked at this for my response:

    http://www.ukpublicspending.co.uk/uk_20th_century_chart.html

    But don't forget the private sector will pick up eventually but obviously it will be quite low at the moment which would make the public sector show as a higher percentage
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • angrypirate
    angrypirate Posts: 1,151 Forumite
    chucknorris wrote: »
    I looked at this for my response:

    http://www.ukpublicspending.co.uk/uk_20th_century_chart.html

    But don't forget the private sector will pick up eventually but obviously it will be quite low at the moment which would make the public sector show as a higher percentage
    ONS reckons as of end of May 2010 its 62%
    http://www.statistics.gov.uk/cci/nugget.asp?id=206

    but that includes financial interventions. Excluding financial interventions its 53.5%
  • chucknorris
    chucknorris Posts: 10,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 8 July 2010 at 5:07PM
    angrypirate wrote: »
    ONS reckons as of end of May 2010 its 62%
    http://www.statistics.gov.uk/cci/nugget.asp?id=206

    but that includes financial interventions. Excluding financial interventions its 53.5%

    Ok I accept it's 53% (I will edit accordingly), I don't actually want recovery in house prices if it means that we can have a sustained period of very low interest rates, which is beginning to look more likely. Although I probably will not get my wish, I don't actually need anything to happen to get my ideal scenerio I am experiencing right now and have been for the last 18 months.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    chucky wrote: »
    when you click on News - it's on that page.

    ignore the muppets - there looking to argue because it is or because it isn't on a web page.

    don't worry about it

    Doire is jacking off over the bbc webpage.
    Official MR B fan club,dont go............................
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