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Debate House Prices
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House Prices To Rise By 20%...
Comments
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HAMISH_MCTAVISH wrote: »Unless of course, a crash occurs, buyers dry up, and banks stop lending.
Then they can't do any of those things.....:D
The person chaos describes would still come out on top, even with all that you describe.
Is this a new level were hitting? Trying to spin that actually having a loan on your home is better than owning it outright?0 -
Oh look, a shiny thing“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 -
Oh look, debate won.0
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;o)))0 -
Every time a bear posts.......
“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 -
Look all things considered, the express are at it again. 20% rises are pure fiction unless you're looking at the rise from the eventual bottom that we may reach even 30 years from now.0
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LOL, I'd be willing to bet you that we'll see 20% rises from todays prices by 2015, and 40% in real (inflation adjusted) terms by 2020..... More in nominal terms.“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 -
Nice edit Hamish
Quick, get the "real term" in 0 -
Graham_Devon wrote: »Nice edit Hamish
Quick, get the "real term" in
Yeah, it'll be higher in nominal terms. Besides, 40% in real terms is incredibly conservative.“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 just thought I ought to remind you of the accuracy of previous Daily Express headline house price predictions such as these:
http://www.express.co.uk/posts/view/1850/House-prices-to-soar-again
from Janurary 2007!
HOUSE prices are rising at their fastest for nearly four years with the property market showing no signs of running out of steam.
Last night experts predicted that this year the value of homes will increase by an average £1,000 a month – or more than £30 a day.
The Centre for Economics and Business Research said that, despite three interest rate rises, the property boom will continue in 2007 – and for the next three years.
They are estimating that the average price of a house will go up from £187,000 today to £225,000 in 2010.
High employment, a healthy economy and an increase in demand are continuing to keep the market buoyant, said the experts.
In more good news for home owners, a separate survey from property consultants Hometrack showed that prices have increased at the highest rate since July 2003.
Senior economist John Wriglesworth said: "The property market is in very good health, it is strong and stable and I cannot see that changing in the near future.
"All the pointers show homes increasing in value over the next few years at least. Buying a property today will reap dividends in the future."
!!........0
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