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70% club ruling
macaque_2
Posts: 2,439 Forumite
Yesterday a piece of thinly disguised spin was posted on this website relating to
"100,000 new homes must be built every year for immigrants"
Despite the obvious shortcomings of such claims, the post was left on the board. This is the "last resort theme" that gets dragged up every time there is nothing else left to stop the housing market from tanking.
https://forums.moneysavingexpert.com/discussion/2625789
My response to this was that, if we cannot keep people gainfully employed, the flood of immigrants is no more relevant to house prices than changes to the population of garden birds. Given that we already have 8 million people economically inactive, we can hardly expect to find the solution with 10 million more immigrants. The link to this post is shown below:
https://forums.moneysavingexpert.com/discussion/2660241
With an impressive display of ignorance, the forum moderator relegated this post to the 'money savers arms'. The 70% club have reviewed this decision by the moderators and classified it as an act of vandalism. The only mitigating factor in their favour was that the post was not deleted altogether. As a result of this ruling the following have been shown the yellow card:
divadee, Finishrich, misskool
This means that they banned from membership of the 70% club for two years (unless one of them wants to own up and take the rap). In addition to this, the MSE forum will also be downgraded to number 3 on the 70% club's posting list for 4 weeks. This will mean fewer posts. The 70% also have a recommendation to MSE Martin that he encourages moderators to stay sober.
"100,000 new homes must be built every year for immigrants"
Despite the obvious shortcomings of such claims, the post was left on the board. This is the "last resort theme" that gets dragged up every time there is nothing else left to stop the housing market from tanking.
https://forums.moneysavingexpert.com/discussion/2625789
My response to this was that, if we cannot keep people gainfully employed, the flood of immigrants is no more relevant to house prices than changes to the population of garden birds. Given that we already have 8 million people economically inactive, we can hardly expect to find the solution with 10 million more immigrants. The link to this post is shown below:
https://forums.moneysavingexpert.com/discussion/2660241
With an impressive display of ignorance, the forum moderator relegated this post to the 'money savers arms'. The 70% club have reviewed this decision by the moderators and classified it as an act of vandalism. The only mitigating factor in their favour was that the post was not deleted altogether. As a result of this ruling the following have been shown the yellow card:
divadee, Finishrich, misskool
This means that they banned from membership of the 70% club for two years (unless one of them wants to own up and take the rap). In addition to this, the MSE forum will also be downgraded to number 3 on the 70% club's posting list for 4 weeks. This will mean fewer posts. The 70% also have a recommendation to MSE Martin that he encourages moderators to stay sober.
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Comments
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This is the "last resort theme" that gets dragged up every time there is nothing else left to stop the housing market from tanking.
What's with the last resort thing.
I thought all indices are still showing positive YOY and positive 2010 results.
Certainly there is no factual evidence of the housing market taking a tanking
This will mean fewer posts.
Never mind, silver lining and all that :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »I thought all indices are still showing positive YOY and positive 2010 results.
You thought wrong. Halifax is negative so far in 2010.
Jan £169,484
Feb £166,703
Mar £168,433
Apr £168,212
May £167,287
Jun £166,361
Jul £167,425
http://www.lloydsbankinggroup.com/media/excel/2010/04_08_10_historic_data.xlsDebt Is Slavery.0 -
tanking would mean be falling rapidly or to crashThis is the "last resort theme" that gets dragged up every time there is nothing else left to stop the housing market from tanking.
i wasn't sure what you meant because you're one of the more accurate and realistic posters on here so i looked it up for you...
the housing market doesn't look like it's crashing to me...0 -
Well, if you price houses in sound money, they are indeed crashing and reverting to the mean.0
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interesting - that graph tells us that houses must be cheap or that gold is very expensive and in a bubble that is about to go pop - take your pick...Bullfighter wrote: »Well, if you price houses in sound money, they are indeed crashing and reverting to the mean.0 -
Henry_P_Chester wrote: »You thought wrong. Halifax is negative so far in 2010.
Jan £169,484
Feb £166,703
Mar £168,433
Apr £168,212
May £167,287
Jun £166,361
Jul £167,425
http://www.lloydsbankinggroup.com/media/excel/2010/04_08_10_historic_data.xls
Thanked you.
To be honest, I've not kept that close and eye on the indices.
Looks like a peak in Jan (Where was the winter dip?)
To be honest, looking at those figures still appears to be stagnation for me.
July is still higher than the February.
If you average those 7 months, it's £167,700. Are you going to argue that £275 swing below the average is any sort of indication of the market declining?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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