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Debate House Prices


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House price falls would be excellent for the economy

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Comments

  • geneer
    geneer Posts: 4,220 Forumite
    HAMISH_MCTAVISH wrote: »
    They were. Until mortgage rationing.



    .


    What rationing?
    Theres plenty of mortgages.
    You just need a decent deposit and sufficient salary to qualify.

    Welcome to the new new paradigm. Same as the old.

    HAMISH_MCTAVISH wrote: »
    Putting that aside for the moment, FTB houses do tend to sell for around 3.5 times the income of those that buy them, on average.

    You have forgotten to mention that the average FTB is 38.
  • geneer
    geneer Posts: 4,220 Forumite
    Graham_Devon wrote: »
    As I said, you win the internet.

    So far, you've:
    - denied you said something you clearly said
    - accused others of changing what you said
    - accused others of being very desperate to change what you said
    - admitted you said it, so called other people the village idiot for picking up on your mistake you flatly denied you typed
    - claimed you indeed did say it was a mistake, but only after you called others thick & desperate, and accused them of making things up.
    - called others thick because you don't want to link to what you said
    - changed your mind on what you said, and changed it to demand, which isn't anything to do with what you initially said

    And now, were back full circle, with more insults about being thick, because after all of the above you finally admit it was a mistake, and are now trying desperately to suggest I can't read.

    And before you start your "this wasn't anything to do with you, don't make it into the graham devon show". Remember last night? You started on me with it, in another insult? IN a completely seperate thread? I've only just found this thread. I asked last night what on earth you were on about, on my buyers declining thread, but all I got was "zzzzzzz" in response. I've now found the reference to what you were insulting me about, and it had sweet FA to do with me. So hear I am. No wonder i just got "zzzzz" in response to my question.

    Wins the internet hands down that. And no. I'm not as clever as you, and no, I can't beat that. So yes, I'm probably a bit dense.


    Tee hee.
    Thread of the week.
    Poor old chuckles. He just didn't see it coming.

    Trolls rely on people simply getting tired of their wittering.
    But find someone dedicated enough to simply cut through their spurious efforts with scalpel like precision, and its comedy gold!
  • the.ciscokid
    the.ciscokid Posts: 273 Forumite
    chucky wrote: »
    wrong and very, very far from what is good for the economy.

    Why is that?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    House price falls would be excellent for the economy

    See "Ireland".

    [/debate]
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • the.ciscokid
    the.ciscokid Posts: 273 Forumite
    chucky wrote: »
    lower house prices are achievable by 'real house price drops' through inflation, so nominal prices increasing by less than inflation which in the end would mean lower house prices.

    Inflation of what? Other necessities like fuel? That makes people less able to buy houses.... unless you are talking about wage inflation (lol).
    chucky wrote: »
    house price falls aren't good at all but inflation adjusted prices are good.

    Why?
    Are you saying inflation is good?
    chucky wrote: »
    the obvious down side is having high inflation. the best worst case scenario is the inflation one unfortunately.

    Oh, you are saying it isn't good. I see. Why is this the best case scenario?
  • the.ciscokid
    the.ciscokid Posts: 273 Forumite
    HAMISH_MCTAVISH wrote: »
    See "Ireland".

    [/debate]

    Would that also explain why astronomical house price rises are good as well?

    Edit: Thinking about it, you are barking up the wrong tree. Ireland is the reason why HPI is bad.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    the.ciscokid wrote: »
    Would that also explain why astronomical house price rises are good as well?

    See "Detroit".

    [/debate]
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • the.ciscokid
    the.ciscokid Posts: 273 Forumite
    HAMISH_MCTAVISH wrote: »
    See "Detroit".

    [/debate]

    Wut? Please explain Detroit's downfall based solely on house price falls.

    Assuming you can (or I assume you wouldn't have said the above), please explain why this is not as a consequence of house price inflation.

    TIA.
  • DervProf
    DervProf Posts: 4,035 Forumite
    the.ciscokid wrote: »
    Why is that?

    I think some people can only see HPI, or house prices at a level were a limited number of the population can afford to buy them as a good thing. If HPI followed a stong economy (and it didn't increase the opportunity for home ownership by increasing LTV requirement), then I'd welcome HPI. High house prices shouldn't hold the rest of the economy to ransom.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • the.ciscokid
    the.ciscokid Posts: 273 Forumite
    DervProf wrote: »
    I think some people can only see HPI, or house prices at a level were a limited number of the population can afford to buy them as a good thing. If HPI followed a stong economy (and it didn't increase the opportunity for home ownership by increasing LTV requirement), then I'd welcome HPI. High house prices shouldn't hold the rest of the economy to ransom.

    Agreed.

    I'd still like to hear chucky's economic reasoning behind lower house prices being a bad thing... not to mention societal benefits.
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