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Debate House Prices


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Halifax Hpi September 2010 -3.6%

1383941434466

Comments

  • DervProf
    DervProf Posts: 4,035 Forumite
    LauraW10 wrote: »
    As I've said I don't care about HPs. I do care about what's best for the economy.

    What`s best for the economy then ? Higher house prices ?
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • LauraW10
    LauraW10 Posts: 400 Forumite
    ILW wrote: »
    Would that be the kind of consumer confidence defined by "bung it on the plastic and worry about paying for it in a few years somehow"?

    No - it'll be the consumer confidence as described by economists
    Consumer confidence is an economic indicator which measures the degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. How confident people feel about stability of their incomes determines their spending activity and therefore serves as one of the key indicators for the overall shape of the economy

    Judging by today's figures consumers aren't feeling confident at all?

    Whose fault is that?
    If you keep doing what you've always done - you will keep getting what you've always got.
  • Horizon81
    Horizon81 Posts: 1,594 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    a.k.a burrying your head in the sand and pretending everything's rosy.
  • LauraW10
    LauraW10 Posts: 400 Forumite
    DervProf wrote: »
    What`s best for the economy then ? Higher house prices ?

    Flat house prices.
    If you keep doing what you've always done - you will keep getting what you've always got.
  • ILW
    ILW Posts: 18,333 Forumite
    LauraW10 wrote: »
    No - it'll be the consumer confidence as described by economists



    Judging by today's figures consumers aren't feeling confident at all?

    Whose fault is that?

    Whatever the definition, if it is unrealistic it just causes future problems. Dare I say it but "boom and bust".
  • abaxas
    abaxas Posts: 4,141 Forumite
    LauraW10 wrote: »
    Flat house prices.

    Ermmm.. no.

    House prices should be at a level where people can pay back the loans taken out on them.

    Also there should be more freedom to build, artificial manipulation of the market just distorts it.
  • ILW
    ILW Posts: 18,333 Forumite
    LauraW10 wrote: »
    Flat house prices.
    I agree with you on that, wish the last government who you seem so keen on had as well.
    I believe they are now likely to go pretty flat anyway.
  • LauraW10
    LauraW10 Posts: 400 Forumite
    DervProf wrote: »
    BTW. I suspect you might the the type of person who has a large mortgage, and is quite partial to the odd bit of fun with a credit card or two. Not that there`s anything wrong with that, as long as you can afford to pay it back.

    I have no mortgage. I/we own our own house/home. I earn more than £150k. I use a credit card to buy stuff on line and clear it at the end of every month.

    Not that it's any off your business but since you asked....
    If you keep doing what you've always done - you will keep getting what you've always got.
  • DervProf
    DervProf Posts: 4,035 Forumite
    LauraW10 wrote: »
    Judging by today's figures consumers aren't feeling confident at all?

    Whose fault is that?

    The fault lies with whoever made consumers over-confident previously. The over confident person will often be dissapointed when their confidence isn`t realised.

    The realistic person will probably lead a reasonably happy life.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • DervProf
    DervProf Posts: 4,035 Forumite
    LauraW10 wrote: »
    I have no mortgage. I/we own our own house/home. I earn more than £150k. I use a credit card to buy stuff on line and clear it at the end of every month.

    Not that it's any off your business but since you asked....


    I didn`t ask, but thanks for the info anyway.

    £150k and annoyed at today`s Halifax figures ? You must be an Estate Agent.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
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