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Debate House Prices
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The facts, just the facts and only the facts - UK housing
B_Blank
Posts: 1,105 Forumite
1, House prices are down about 6% in real terms in the last 6 months (according to the land registry).
2, This is inspite of record low interest rates
3, This is inspite of the UK running a 10% budget defecit which needs to be cut at the expense of jobs/disposable income
4, Any supply and demand issue is already taking full effect. Thus, if house prices are falling despite these unprecedented stimulus measures then what will happen when these are removed?
5, Bank lending will not get looser and is actually showing signs of tightening (as interest only mortgages are being largely removed)
These are the facts. Sure, supply and demand is an issue in the uk. Unfortunatly for the bulls that supply and demand is already having its full effect, whereas rising interest rates and government spending cuts have yet to be implemented! And STILL HOUSE PRICES ARE DOWN 6% IN 6 MONTHS IN REAL TERMS. This is remarkable, and alarming. What will happen when rates rise, or when the government finally gets a grip of the defecit? Only time will tell.
Bulls, you cannot argue with this. It isnt possible. BEars win...Hooray!:beer::j:j:j:j
2, This is inspite of record low interest rates
3, This is inspite of the UK running a 10% budget defecit which needs to be cut at the expense of jobs/disposable income
4, Any supply and demand issue is already taking full effect. Thus, if house prices are falling despite these unprecedented stimulus measures then what will happen when these are removed?
5, Bank lending will not get looser and is actually showing signs of tightening (as interest only mortgages are being largely removed)
These are the facts. Sure, supply and demand is an issue in the uk. Unfortunatly for the bulls that supply and demand is already having its full effect, whereas rising interest rates and government spending cuts have yet to be implemented! And STILL HOUSE PRICES ARE DOWN 6% IN 6 MONTHS IN REAL TERMS. This is remarkable, and alarming. What will happen when rates rise, or when the government finally gets a grip of the defecit? Only time will tell.
Bulls, you cannot argue with this. It isnt possible. BEars win...Hooray!:beer::j:j:j:j
I am not a financial expert, and the post above is merely my opinion.:j
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Comments
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Can you elaborate on how supply and demand is having it's "full effect"?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Can you elaborate on how supply and demand is having it's "full effect"?
Unless you think that 20million people are going to move to the uk tomorrow, or that half the houses are going to fall down then I think its pretty simple for even you to understand mate!:money:I am not a financial expert, and the post above is merely my opinion.:j0 -
Unless you think that 20million people are going to move to the uk tomorrow, or that half the houses are going to fall down then I think its pretty simple for even you to understand mate!:money:
I'm really thick, please explain that for me.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
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If you disagree with this then why dont you explain why?
Nah, instead you act really smug. Pretty pathetic mate, sorry!:T
I don't disagree, I just don't understand and am asking you to explain.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Graham_Devon wrote: »Surely supply and demand is what it is, and therefore always has it's full effect?
It's the influences on supply and demand that may have positive or negative effects.
Good post, thanks Graham. I always find your comments to be accurate and well written. You always seem to own JulieQ and Chucky in the economic debate threads :beer:I am not a financial expert, and the post above is merely my opinion.:j0
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