May Nationwide MoM +0.3% YoY -1.2%

Le_Chuck

Blacklight wrote: »

With every month of stagnation prices continue to fall in real terms.

Unfortunately for the shortsighted few that prayed the UK would sink into anarchy to get a cheap deal, they have either lost their jobs or had to take a pay cut, which means they still can't afford to buy. How could you not see that coming while you campaigned for total economic collapse and reveled at every story of repossession?

There are still one or two nutters out there keeping their fingers crossed for massive interest rate hikes to bring prices down further, but again they've failed to comprehend the outcome for them if it did happen.

which would be what prey tell?

[Deleted User]

Realistically inflation is the most politically palatable and probably easiest way to help reduce the nations debt. Inflation will also help bring real house prices down in the short/medium term and boost it in the future. In the meantime rents are climbing with inflation and increased demand. Ultimately inflation will feed into wages, the banks will get a bit stronger and more willing to lend, and houses will start to look cheap again.

Some will do better than others if this scenario plays out but surely most 'bears' will be happy as they will probably afford to buy before to long and the 'bulls' who are mostly owners on mortgages will be happy as their mortgages are being effectively reduced by inflation.

Then we will have another boom, the banks will continue to shaft us throughout and the whole thing will just repeat itself again and again with a few differences here and there.

So concludes my prediction for the next 100 years. You heard it here first, lol.

geneer

[quote=[Deleted User];44014576]Realistically inflation is the most politically palatable and probably easiest way to help reduce the nations debt. Inflation will also help bring real house prices down in the short/medium term and boost it in the future. In the meantime rents are climbing with inflation and increased demand. Ultimately inflation will feed into wages, the banks will get a bit stronger and more willing to lend, and houses will start to look cheap again.

Some will do better than others if this scenario plays out but surely most 'bears' will be happy as they will probably afford to buy before to long and the 'bulls' who are mostly owners on mortgages will be happy as their mortgages are being effectively reduced by inflation.

Then we will have another boom, the banks will continue to shaft us throughout and the whole thing will just repeat itself again and again with a few differences here and there.

So concludes my prediction for the next 100 years. You heard it here first, lol.[/QUOTE]


And all those old bulls who's "homes are their pension" will find out how right thay are, as the funds they've been paying into for most of their lives end up paying out enough to buy a tin of beans.


But we don't talk about that part of the finanical collapse, do we. :rotfl:

[Deleted User]

geneer wrote: »

And all those old bulls who's "homes are their pension" will find out how right thay are, as the funds they've been paying into for most of their lives end up paying out enough to buy a tin of beans.


But we don't talk about that part of the finanical collapse, do we. :rotfl:

Are you seriously suggesting that homes will be worth less than a tin of beans in the future?

If so despite tough competition, mainly from the banks apologists, I suspect that is possibly the most ridiculous post I've read so far. Well done.

Pimperne1

[quote=[Deleted User];44022386]Are you seriously suggesting that homes will be worth less than a tin of beans in the future?

If so despite tough competition, mainly from the banks apologists, I suspect that is possibly the most ridiculous post I've read so far. Well done.[/QUOTE]

You can't have been paying much attention to Gneer's other posts if you think this the most ridiculous one to date. :rotfl:

geneer

[quote=[Deleted User];44022386]Are you seriously suggesting that homes will be worth less than a tin of beans in the future?

If so despite tough competition, mainly from the banks apologists, I suspect that is possibly the most ridiculous post I've read so far. Well done.[/QUOTE]


No mate.
I'm saying that rampant inflation isn't to great for pension funds.

A subject which the doomster bulls seem to prefer not to talk about.

[Deleted User]

geneer wrote: »

No mate.
I'm saying that rampant inflation isn't to great for pension funds.

A subject which the doomster bulls seem to prefer not to talk about.

Sorry, I misinterpreted your post.

Pimperne1

geneer wrote: »

And all those old bulls who's "homes are their pension" will find out how right thay are, as the funds they've been paying into for most of their lives end up paying out enough to buy a tin of beans.


But we don't talk about that part of the finanical collapse, do we. :rotfl:

Let's get this right. This is you saying that "rampant inflation isn't great for pension funds". If their homes are their pensions then why do they need to worry about pension funds?

Did you mean "And all those old bulls who's "homes are their pensions" will find out how right they are, however, those others paying into pension funds for most of their lives will find the fund paying out enough to buy a tin of beans"?

geneer

Pimperne1 wrote: »

Let's get this right. This is you saying that "rampant inflation isn't great for pension funds". If their homes are their pensions then why do they need to worry about pension funds?

Did you mean "And all those old bulls who's "homes are their pensions" will find out how right they are, however, those others paying into pension funds for most of their lives will find the fund paying out enough to buy a tin of beans"?

No. Im saying that rampant inflation [EMAIL="f@cks"]f@cks[/EMAIL] everyones pensions, particularly those of a certain age nearing retirement. Including property bulls.;)

Their homes are going to have to be their pensions. Even if they're living in them at the time.

The bulls don't really like to talk about the wider economic issues.
Largely because they now have to reap what they have sowed.

geneer

[quote=[Deleted User];44034082]Sorry, I misinterpreted your post.[/QUOTE]

Thats ok. Even if your interpretation was, as you say, "most ridiculous".