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Debate House Prices
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Apparently......
HAMISH_MCTAVISH
Posts: 28,592 Forumite
Falling Unemployment, Rising GDP, a Strengthening Economy and banks lowering their margins above base rates, will be conditions under which house prices will fall. :rotfl:
Worth thinking about that the next time someone is deluded enough to post that prices must inevitably fall when base rates rise.;)
Worth thinking about that the next time someone is deluded enough to post that prices must inevitably fall when base rates rise.;)
“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”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Hamish, the world is in turmoil. The above is unlikely to happen and remain stable. Stop kidding yourself.0
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Leave Hamish alone. He's so fixated with house prices, he needs to keep convincing himself that they are certain to rise soon.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
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Graham_Devon wrote: »Hamish, the world is in turmoil.
:eek:
Really? Sorry, hadn't noticed.
Must have forgotten to read the last few hundred episodes of Doom-Mongers-Daily..... :rotfl:The above is unlikely to happen and remain stable. Stop kidding yourself.
The above were the stated conditions under which rises in base rates were seen as likely, by Mervyn King at the Treasury select committee just last month.
Now, let's see, whose opinion should I give more credence to.... The Governor of the Bank of England, or some Lunatic on a web forum?
Tough one.....:rotfl:“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”0 -
HAMISH_MCTAVISH wrote: »:eek:
Really? Sorry, hadn't noticed.
And I suppose I'm the lunatic on the web?0 -
HAMISH_MCTAVISH wrote: »:eek:
Now, let's see, whose opinion should I give more credence to.... The Governor of the Bank of England, or some Lunatic on a web forum?
Tough one.....:rotfl:
That sure is a tough one, where do I post my vote
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Graham_Devon wrote: »And I suppose I'm the lunatic on the web?
Crikey Graham, surprisingly it seems you do have more self-awareness than a house plant.
See if you can get some of it to rub off on geneer.“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”0 -
HAMISH_MCTAVISH wrote: »Crikey Graham, surprisingly it seems you do have more self-awareness than a house plant.
See if you can get some of it to rub off on geneer.
He find your posts desperate too then I take it?0 -
HAMISH_MCTAVISH wrote: »Falling Unemployment, Rising GDP, a Strengthening Economy and banks lowering their margins above base rates, will be conditions under which house prices will fall. :rotfl:
Worth thinking about that the next time someone is deluded enough to post that prices must inevitably fall when base rates rise.;)
Do you seriously thnk that a GDP of +0.2% is worth shouting about? I'd like a sniff of what you're drinking.0 -
More QE?
Not so sure it worked previously, but if the BoE does go for more loosening it will continue to be a golden age for all of you lovely people with tracker mortgages...0 -
No, the OP was a reference to King's analysis of the wider economic conditions that would be required before he'd consider any significant rise in base rates.
1. Rising GDP and a strengthening economy
2. Decreasing unemployment
3. Banks reducing their margin above base for retail borrowing
None of which are remotely conducive to a house price crash.
I'm actually surprised so many of our posters didn't get it.
“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”0
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