The bear vs bull arguement

B_Blank

Bear arguements of why house prices will fall over the next 3 years:

interest rate rises
public sector cuts
rising unemployment
real-term wage deflation
a lack of credit
Recent growth in mortgage arrears

Bull arguements that house prices will rise:

House prices always rise!
Supply and demand (they dont even know what this means).

Who is right? Time will tell.

O dear bulls, you are so silly! :rotfl:

Wee_Willy_Harris

Hmm, well, bears are taller and have bigger teeth and claws. But bulls are heavier and have horns. Only one way to sort this out........

FIGHT!!!

tartanterra

B_Blank wrote: »

Bear arguements of why house prices will fall over the next 3 years:

interest rate rises
public sector cuts
rising unemployment
real-term wage deflation
a lack of credit
Recent growth in mortgage arrears

Bull arguements that house prices will rise:

House prices always rise!
Supply and demand (they dont even know what this means).

Who is right? Time will tell.

O dear bulls, you are so silly! :rotfl:

I'd like to have said that this was a well thought out, succinct original post which clearly defined the bulls vs bears argument by the clever analysis of the current economic climate, using all the current data available.

I'd like to have said that, but clearly I can't.

You add nothing to the debate whatsoever.:(

Graham_Devon

chucknorris wrote: »

Am I the only one that can see this?

You are not on your own.

tartanterra

chucknorris wrote: »

Am I the only one that can see this?

No, you're not.

macaque_2

chucknorris wrote: »

It's amazing how you don't realise how you embarrass yourself! It's almost as if you are Sibley pretending to be bearish and writing the stupidest thing that he can think of, just to embarrass the bears.

Am I the only one that can see this?

If you don't mind could I ask you a couple of questions?

1. How old are you?
2. What do you do for a living?

Chucknorris
The OP might not have been Mr Blank's most thought provoking contribution but it was on topic. Your response was not on topic and was a personal attack. I don't support your response and I would have I said the same if it had been addressed to Mr Sibley. Now say something nice to Mr Blank.

chucknorris

macaque wrote: »

Chucknorris
The OP might not have been Mr Blank's most thought provoking contribution but it was on topic. Your response was not on topic and was a personal attack. I don't support your response and I would have I said the same if it had been addressed to Mr Sibley. Now say something nice to Mr Blank.

Sorry Mr Blank I have now deleted my post, but don't worry you will never be as daft as macaque who thinks property prices will fall by 70%.

Sibley

It's a sad day when this is the best somebody can come up with.
However extreme you think my views are at least they are backed up with fact. My main point has always been that the government and homeowners will not allow house prices to drop. They haven't and until they do you have to say I'm spot on.

Pobby

Got me own pad. So no axe to grind, however looking at the OPs post I do see some reality. I quote

interest rate rises
public sector cuts
rising unemployment
real-term wage deflation
a lack of credit
Recent growth in mortgage arrears

Not seen much in interest rises, however inflation is on the rise, checked out your food bills and gas prices.

Public sector cuts. Yes I expect so.

Rising unemployment, tell me about it.

Real term wage inflation, agree.

Lack of credit. Well why not, the prats that started all this daftness, oh still get their bonus, like I wish, are desperately trying to make good their books, Tax payers money, and causing decent companies to fail.

As for mortgage arrears I am not sure.

Funny how house prices were never taken into account as a spur to inflation.

House price inflation. Great, as tax payers we pay for housing benifits. So we give out, let`s say a grand a month to a family to be housed. As someone who is about to be made unemployed, and believe me , I have paid a serious amount of tax and NI, I get diddly.

macaque_2

Sibley wrote: »

My main point has always been that the government and homeowners will not allow house prices to drop. They haven't and until they do you have to say I'm spot on.

Its funny how red blooded capitalists preach free market economics until it comes to the value of their homes. At that point, they want public money to prop up the market. Mr McTavish and few others are also guilty of the same inconsistency.

The government can delay or slow down a house price correction but they cannot prevent it. Artificial support of house prices weakens the economy. In a weak economy, house prices go down.

chucknorris

macaque wrote: »

Its funny how red blooded capitalists preach free market economics until it comes to the value of their homes. At that point, they want public money to prop up the market. Mr McTavish and few others are also guilty of the same inconsistency.

The government can delay or slow down a house price correction but they cannot prevent it. Artificial support of house prices weakens the economy. In a weak economy, house prices go down.

I think we will be out of this mess by 2015 and I can see interest rates staying low (below 5%) until then too. So I don't see any large falls or rises between now and 2015 just stagnation.

I also see inflation coming back under control next year, so in real terms (from now) I can only see about a 10% drop.

By the way thanks for pointing out the error of my ways on that post last night, which I have now deleted.