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Is it me? Or has anyone noticed that we are in the largest bubble of all time?
Comments
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Of course I have, the cosmos is just one large bubble that's going to burst (or deflate or expand so large that the bits inside are stretched to nothing ness) - however I (and the rest of the human race) won't be around then so don't care.
Or perhaps you are in the eden centre and have mistook the dome for a bubble.
Please keep up at the back danothy, another clue is in the above quotation.
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It is my personal opinion that the alot of the general public have misundertood the 'bubble'.
There seems to be an opinion that there is a significant degree of inflation in house prices and that this inflation has been caused by factors other than the regular transactions of buying and selling houses for the purposes of using them as a home. This is off course true to a certain extent. However mainstream media has overstated and misinformed regarding the bubble and a huge portion of the public have believed this.
House prices depend on a huge number of factors. The price rises are also related to a huge number of long term changes in our society. These most probably won't reverse. So while house prices are put under pressure due to economic conditions, this does not mean a bubble existed or that it is bursting.
Also, just to add to what Olias has said. There is another huge advantage to do as Olias did (i.e. trade up using wise purchasing and adding value). This value added to your own home can be realised tax free.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
People make the mistake of taking two fixed points in time (usually the highest and lowest) and extrapolating that therefore house prices should be one or the other. Rather than being right or wrong, house prices are constantly changing according to endless economic and even emotional variables.Been away for a while.0
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