We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Schiff on why housing will crash, 2006

13»

Comments

  • nearlynew
    nearlynew Posts: 3,800 Forumite
    I like it.

    Keep it up "ghuoles"

    :D
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • smeagold
    smeagold Posts: 1,429 Forumite
    THE_GHOULS_ARE_RIGHT wrote: »
    americas house price falls are now accelerating again, as will ours

    !!!!!!, cover blown.:rotfl:
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    geneer wrote: »
    So you think november 2006 was 5 years ago.

    Explains a lot. :cool:

    Read the OP again and then my reply.
    I stated I never watched the video and the OP said 2006 with no reference to which month.

    I simply took 2006 (from the OP's data) away from 2011 (now) and referred it was 5 years ago.

    If the conference was in November, I'm happy to stand corrected and amend this to 4 years and 3 months (let's not get pedantic now as to which day in Nov, it's a simple rough timeframe)

    The point and fact still remains that during that time, house prices corrected by a higher figure both nominally and as a percentage than in the 90's.

    Happy to explain facts to you further as required.
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    smeagold wrote: »
    Just substitute the word 'britain' for' america' and 'british' for 'american' and you will soon realise that everything he is talking about applies exactly to us in exactly the same way and that our crash is most definately coming

    Population density of the US: 32km2
    Population density of the UK: 255km2

    Yeah they're exactly the same.
  • smeagold
    smeagold Posts: 1,429 Forumite
    FTBFun wrote: »
    Population density of the US: 32km2
    Population density of the UK: 255km2

    Yeah they're exactly the same.

    The fact is theres millions of acres of scrubland nobody will ever want to build on is irrelevent. Whats the same is the bubble in housing, the factors that created it and the reasons why they are both crashing, the US slightely ahead of the UK.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    smeagold wrote: »
    The fact is theres millions of acres of scrubland nobody will ever want to build on is irrelevent. Whats the same is the bubble in housing, the factors that created it and the reasons why they are both crashing, the US slightely ahead of the UK.

    Your keen to compare the US to the UK.
    Could you therefore compare US cities to UK cities
    Some of the other worst-hit cities include Detroit (down 48% since its peak) and Miami (down 49%), according to analysis by Bill McBride of the Calculated Risk blog.
    http://www.bbc.co.uk/news/business-12280038

    I presume you'll probably come back with Northern Ireland, but are there any comparisons of the same scale in mainland UK?
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    smeagold wrote: »
    The fact is theres millions of acres of scrubland nobody will ever want to build on is irrelevent. Whats the same is the bubble in housing, the factors that created it and the reasons why they are both crashing, the US slightely ahead of the UK.

    How does that fit in with those $250 houses in Detroit, and no I haven't missed the zeros off :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    Volcker last Chairman of the Fed to raise rates to 15% talks over current economic strategy + Peter Schiff

    http://www.youtube.com/watch?v=XUfOpGlVdog
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture