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Debate House Prices


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Mervyn King: UK House Prices Have Recovered 2/3 of Losses

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Comments

  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    julieq wrote: »
    Graham dear, are you not always explaining how economists are always wrong?

    Anyway, what about Mervyn, is he wrong or right today?

    The fact is that the article you brought up to confirm your analysis is actually confirming the argument you're arguing against. That's quite amusing in a way.

    Bit like the subconscience thing then, and getting your fingers burnt, isnt it ;)

    I have a soft spot for you Julie. However, are you Hamish's wife?
  • DervProf
    DervProf Posts: 4,035 Forumite
    julieq wrote: »
    A three bedroom house is well within the reach of London commuters for something just north of half that amount, and you shouldn't use an extreme example in a distorted part of the market (London) to make general conclusions on affordability.

    Likewise, you shouldn`t dismiss large portions of the market, such as London.
    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
    julieq wrote: »
    Then by definition, so are you because you're making an analysis based on the same facts I see. You've just jumped to different conclusions.

    "Too early to tell" isn`t really a conclusion to the situation in question. The conclusion will be seen after a longer period of tightened lending conditions (should that happen).

    I suppose you might argue about the semantics, but I think you understand the point I was making.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • julieq
    julieq Posts: 2,603 Forumite
    Graham_Devon wrote: »
    Bit like the subconscience thing then, and getting your fingers burnt, isnt it ;)

    I have a soft spot for you Julie. However, are you Hamish's wife?

    Graham, I wasn't going to push this because it's shooting at an ambulance and it was a cheap dig in the first place. But if you want to press the point, youu do definitely mean subconscious. As defined by Freud I think. Go and look it up.

    And a bit of sexism emerging from your own subconscious there too I suspect. What on earth would it matter to my arguments if I were Hamish's wife?

    But keep wriggling. Fact is you posted an argument that contradicted what you're saying. Nice trick :rotfl: Time for the Chewbacca defence...
  • DervProf
    DervProf Posts: 4,035 Forumite
    Graham_Devon wrote: »
    I have a soft spot for you Julie. However, are you Hamish's wife?

    Blimey Graham, are you trying to chat up Julie ?

    Why not offer her out for a date? You could take her to Comet to help you choose an LED TV.
    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
    julieq wrote: »
    Time for the Chewbacca defence...

    That`s more like it :T
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • julieq
    julieq Posts: 2,603 Forumite
    DervProf wrote: »
    Likewise, you shouldn`t dismiss large portions of the market, such as London.

    Indeed, so why not work on averages? If all flats were 400K then you'd have a point, but all you're really doing is cherrypicking an example to make a point which is not generally true.

    I think it's fair to dismiss a lot of the London market as unrepresentative, given the very extreme amount of competition to live there for various reasons.
  • julieq
    julieq Posts: 2,603 Forumite
    DervProf wrote: »
    That`s more like it :T

    Oh look! A shiny thing.
  • DervProf
    DervProf Posts: 4,035 Forumite
    julieq wrote: »
    Oh look! A shiny thing.

    Looks more yellow to me.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    julieq wrote: »
    And a bit of sexism emerging from your own subconscious there too I suspect. What on earth would it matter to my arguments if I were Hamish's wife?

    Sexism? What? Because of the subconscience thing? Or was it fingers being burnt? The soft spot? Is that sexist?

    Genuinely confuddled. But nice to see the sexist remark pop out again :D

    I'm not doing very well lately. I'm sexist and racist. And I still don't even have a LED TV to make up for it :(
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