Debate House Prices
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70% club predicts a flood of positive news storys

macaque_2
Posts: 2,439 Forumite
The 70% club is predicting an avalanche of upbeat predictions about house price rises over the next few weeks. These will be primarily aimed at calming the housing market in an effort to prevent panic selling.
Why could there be panic selling?
For a more realistic picture of our current situation, please read this:
http://www.moneyweek.com/investments/property/quantitative-easing-uk-property-house-prices-04504.aspx
Why could there be panic selling?
- House prices are too high
- Incomes and access to credit are falling
- The rental market is set to lose £10s billions
- Interest rates can only go in one direction
For a more realistic picture of our current situation, please read this:
http://www.moneyweek.com/investments/property/quantitative-easing-uk-property-house-prices-04504.aspx
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Comments
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I think the guy who wrote that is way off the mark. Probably a renter himself.
This comment summed it up perfectly and made me laugh.House prices will never crash - just stay about the same that's all. Us homeowners will never sell at less than what we paid for our properties and so if we're not selling at a loss then there's no chance you can buy at your fairytale 'pound shop' prices. The market will just stagnate that's all. Those of us that own houses will just stay put and live in them. Those that don't own houses will just continue to rent.We love Sarah O Grady0 -
Why could there be panic selling?- House prices are too high
- Incomes and access to credit are falling
- The rental market is set to lose £10s billions
- Interest rates can only go in one direction
For a more realistic picture of our current situation, please read this:
http://www.moneyweek.com/investments/property/quantitative-easing-uk-property-house-prices-04504.aspx
All dopester's ships will soon be coming in.0 -
Dear Macaque,
I thought I'd better let you know that I was trying to login to my account at the 70% Club website and it appears the site has been hijacked by some Chocolate club -
http://www.seventypercent.com/
Could you let me know if this is intentional and if the 70% club has indeed gone off in a new direction and that the monthly meetings will now be monthly tastings?
Thanks
H.0 -
This comment summed it up perfectly and made me laugh.
It's the same 'sound bite' friendly but utterly vacant nonsense you've been selling on here for months. The argument if true would mean house prices never crash, given that we have seen numerous, including a reasonably sized one just recently it makes you look embarrassingly single minded.
What I hadn't thought of before is how your contradictions on renters and owners. You keep saying that people who rent should 'get on with their lives' rather than waiting for price falls, yet suggest that people who own will (by your logic) 'put their life on hold' and refuse to sell even though they want to move.
You'd think as someone who spends so much time arguing against price falls you'd have come up with a couple of remotely water-tight arguments by now.Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
- House prices are too high
- Incomes and access to credit are falling
- The rental market is set to lose £10s billions
- Interest rates can only go in one direction
1 - In principle, agreed. But I would ask, too high for what?
2 - In relative terms, it appears some incomes will fall, but not all. Personally I feel that access to credit is not falling, but credit is more expensive than it has been in recent history. The impact of this remains to be seen I feel. Will credit become more available as the economy steadies a bit more?
3 - Is it? I don't think the rental market is going to lose that amount. Some areas may see fallling rents. Other areas may become even more desire-able, & therefore see a rise.
4 - Agree, kind of. The important question is when.It's getting harder & harder to keep the government in the manner to which they have become accustomed.0
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