Age of home ownership coming to an end...

Graham_Devon

chucky wrote: »

when do you mean specifically?

because the 2007 house price drops weren't due to greed and excess - they were due to credit drying up.

we may not have seen any house price drops if the credit issues hadn't happened.

Yer.

I can't even be bothered.

Though, not to have you running around asking the same question over and over and showing everyone I haven't answered you, I have bothered to tell you, that I won't be answering you

So now, you can tell people I don't understand, whatever.

So I'll use this post, to say.... Am I bovvered?

Graham_Devon

Oh, you added to your post.

What caused credit to dry up?

Edit....and now you have deleted your post, after editing it again.

Make your mind up.

chucky

Graham_Devon wrote: »

Oh, you added to your post.

What caused credit to dry up?

confidence in money markets due to a few banks not being liquid.

if Lehmans had been taken over like Bear Stears or even like the BoA merger many of the issues may not have appeared for a long while.

as for previous HPC's they were not due to greed or excess - 1990s and 1980s

Graham_Devon wrote: »

Edit....and now you have deleted your post, after editing it again.

Make your mind up.

here we go - if you want to answer it properly answer it.

otherwise go on your can't be bothered nonsense

Graham_Devon

chucky wrote: »

confidence in money markets due to a few banks not being liquid.

if Lehmans had been taken over like Bear Stears or even like the BoA merger many of the issues may not have appeared for a long while.

Quoted this, as I'm going to have to take it as your final answer...and it may dissapear yet. (Edit, oh no, still playing around with it are we!?....finished yet? )

So, thats your answer? That's all there was to it?

Suddenly, from being so switched on, you have dumbed your answer down to that one singular line as a reason for the global crash.

Sorry, what was you asking me again? What greed and excess had to do with it?

Well, why not tell me....why were the banks not liquid?

chucky

Graham_Devon wrote: »

Quoted this, as I'm going to have to take it as your final answer...and it may dissapear yet. (Edit, oh no, still playing around with it are we!?....finished yet? )

So, thats your answer? That's all there was to it?

Suddenly, from being so switched on, you have dumbed your answer down to that one singular line as a reason for the global crash.

Sorry, what was you asking me again? What greed and excess had to do with it?

Well, why not tell me....why were the banks not liquid?

no sorry can't help with your continued therapy Graham - you're obviously in need of more

you ask this question - i answer it

Graham_Devon wrote: »

What caused credit to dry up?

and now you've done your usual Mr Muddle nonsense by me asking me to describe the global crisis in one singular sentence.

muddle away - it's not my fault you're not very bright...

JonnyBravo

Graham_Devon wrote: »

Can't have a HPC without something creating the crash. Based on history, it's almost always been greed and excess.

Indeed.

Graham_Devon wrote: »

Think that point was what earned me my Mr Muddle title.

Really?
I'm surprised if it was that. But to be fair there are quite a few things that could have earned it. I suspect it was more the weight of evidence?

Graham_Devon

And there we have it.

Bailed out clinging on to the muddle line

chucky

Graham_Devon wrote: »

And there we have it.

Bailed out clinging on to the muddle line

no - you asked me a question, i answered it and you've decided to go on your usual tangent with nonsense like this

Suddenly, from being so switched on, you have dumbed your answer down to that one singular line as a reason for the global crash.

Sorry, what was you asking me again? What greed and excess had to do with it?

if you don't want people to call you Mr Muddle stop trying to confuse things

Graham_Devon

Chucky, it's like me saying the reason for the titanic sinking was because it had a hole in it.

Anyway, bored now.

chucky

Graham_Devon wrote: »

Chucky, it's like me saying the reason for the titanic sinking was because it had a hole in it.

errr no - you make a post. i ask a question about the post, you answer the question with another question without answering it...

it's all too typical - it's not my fault that you're a bit slow...