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Debate House Prices
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How Long Would YOU Last When All The News Was Bad
Comments
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Spartacus_Mills wrote: »That was the flaw in Fergus Wilsons argument that House Prices would carry on doubling every 7 years (they were even going to set up the Judith Wilson Property bond with that avowed aim).
A £200,000 house in Ashford would be worth £1.6 Million in 21 years.
That is never going to happen without Weimaresque type inflation.
Doubling every 7 years = 10.4% inflation every year with no cyclical correction, no chance of that being the long term growth, in a relatively low inflationary environment.
He forgot to factor in that the property market is cyclical and no doubt he was guilty of only looking at the growth years and didn't adjust this rate of growth accordingly for cyclical corrections. It's no surprise though he doesn't strike me as being particularly bright. He also was probably looking back at years when inflation was over 10% and not realising that he needed to adjust for that.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
Some people just will never understand how 10%+ HPI per annum could never have carried on into oblivion!Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Some people just will never understand how 10%+ HPI per annum could never have carried on into oblivion!
But it could and did continue for much longer than many people thought.
Just because it cant continue at 10%+ for ever doesnt mean that house prices will therefore crash.
Some people just dont understand that there are not enough houses for everyone to have one and that this is sufficient to ensure that houses can never be anything other than barely affordable. Unless of course we have a massive rise in house building.0 -
I touch myself as you type. Getting damp right now.THE_GHOULISH_CODPIECE wrote: »Fantastic thread. Now the people who have been paying off their landlords mortgages for years and years can be named and shamed.Long live the faces of t'wunty.0 -
THE_GHOULISH_CODPIECE wrote: »Fantastic thread. Now the people who have been paying off their landlords mortgages for years and years can be named and shamed.
Talking of landlords, can you guess who bought two BTL properties just before the 2007 peak, and another BTL gaff just before the "peak" of the "recovery".
Pimperne111111111111111 does. :cool:0 -
vivatifosi wrote: »To be fair, the site has grown exponentially since 2005. Given the transient nature of t'internet, I doubt that there are that many posters, bear or otherwise, that were posting then.
And its not a binary game.
Someone who chose not to buy in 2005, can also have chosen not to buy in 2006 and 2007 etc.
Arguably an excellent decision for the latter two cases.
But hey, why let logic and reason get in the way of dull endlessly repeated semantic circular arguments.
The bulls can fiddle with their learned meme's whilst rome burns.0
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