Interesting? Can it be argued?

Malcolm.

Exocet wrote: »

Have you guys got your monitor facing up the right way?

Are we looking at the same graph?

Graham_Devon

chucky wrote: »

it would put prices to 1970 levels if it were correct - how likely is that?

I'm not saying you are wrong, or right, or disagreeing etc.

What I will say however, is looking at that second graph, how many would have been laughed at, and told it would be impossible for prices to tripple in 10 years?

I agree that such a fall is extremely unlikely to happen. BUT, I would argue that that rise from 1995-2005 was also, just as extremely unlikely to anyone looking at prices in 1995. The surge happened...howcome the opposite can't?

chucky

Graham_Devon wrote: »

I'm not saying you are wrong, or right, or disagreeing etc.

What I will say however, is looking at that second graph, how many would have been laughed at, and told it would be impossible for prices to tripple in 10 years?

I agree that such a fall is extremely unlikely to happen. BUT, I would argue that that rise from 1995-2005 was also, just as extremely unlikely to anyone looking at prices in 1995. The surge happened...howcome the opposite can't?

because there are levels of support that when any asset gets to a certain price that people think it is low enough - people will speculate and invest in it.

it happened in Feb 2009

it also comes a point when buying is cheaper than renting - this is another support level for housing.

chucky

Exocet wrote: »

All I think is house prices are too high.

i agree

life has to go on and you you cut your own cloth accordingly

edit: IMO.

Graham_Devon

chucky wrote: »

because there are levels of support that when any asset gets to a certain price that people think it is low enough - people will speculate and invest in it.

it happened in Feb 2009

it also comes a point when buying is cheaper than renting - this is another support level for housing.

Ok, don't really want this to go off down an arguing level, but even if buying was cheaper than renting, if you can't get a mortgage, you can't buy. (Unless you have the cash of course)

I know it's simple. But it doesn't need to be complicated.

I can't see what you have stated as a reason price falls on a large level CANNOT happen. My piece has now been said

FATBALLZ

As much as I think prices have some way left to fall I think the average price dropping to £10k is unlikely.

Niche

Malcolm. wrote: »

I've had my eye on a little porshe 911.

You cannot get much smaller than this one, personally I would like one I can fit in:D

Exocet

I've just realised I crapped all over Graham's thread about the house price bubble with <spit> personal anecdotal. Therefore I am deleting all my posts (I think you keep the thanks such as they were) in order that we can return to the important topic, and I can go and have my tea.

On topic: I buy into the bubble theory.

Malcolm.

Exocet wrote: »

I've just realised I crapped all over .... thread about the house price bubble with <spit> personal anecdotal. Therefore I am deleting all my posts (I think you keep the thanks such as they were) in order that we can return to the important topic, and I can go and have my tea.

On topic: I buy into the bubble theory.

It's never stopped you before... I've removed my posts including quotes, with exception of those pertaining to non personal related stuff. Like house prices, yawn.

silvercar

[QUOTEGraham_Devon]Interesting? Can it be argued? [/QUOTE]

You joking? On this board, anything can be argued.

The only thing for definite is that the graph skews the page and its width doesn't fit on the screen.

Waits for someone to explain that in their neck of the woods everyone views on a 70" plasma and it fits perfectly.