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American banks wake up to reality.....
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Turnbull2000 wrote: »What an utterly moronic post. The origins of this ongoing Western crisis is in our unwillingness to deal with the rise of China, India and numerous other emerging nations. Rather than accept the deep structural changes necessary, government's and citizens instead deferred and borrowed on an unprecedented level - with unproductive investment in housing and rapidly rising prices being the perverse, perhaps destructive outcome.
To claim that housing is the key to dealing with these issues is just f*cking dumb.
:rotfl::rotfl::rotfl: So the government debt crisis has nothing to do with the governments having paid for the bail outs then.
Oh dear.0 -
sabretoothtigger wrote: »Hamish is at least able to post supporting evidence.
Though sadly his supporting evidence proved the exact opposite of what he claimed.0 -
HAMISH_MCTAVISH wrote: »Indeed.
We have a housing shortage with a vacancy rate of just 3%, they have a housing surplus with a vacancy rate of 13%. Ireland has a vacancy rate of 17%.
No surprise then that UK prices are 10% below peak, USA are 38% below peak, and Ireland is 48% below peak.
What is refreshing however, is that Americans seem to be starting to realise that there is only one solution to an oversupply problem....
Bulldozing.
Nonsense.
Volumes have fallen off a cliff since 2007. Falling prices have obviously not increased the ability of people to buy.
" 10% below peak" where are you living? get real you fool. are you the man who 2 days ago said america wont loose its AAA rating. CRANK:rotfl:0 -
:rotfl::rotfl::rotfl: So the government debt crisis has nothing to do with the governments having paid for the bail outs then.
Oh dear.
We have a deficit crisis, not a debt crisis (well, not yet). Plus the bailouts were essentially a one-off cost, no?
And way to miss the point. The banking meltdown is essentially consequence of what I said.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
" 10% below peak"
Yes.
Nationwide July index is 10% below peak on average.get real you fool.
Well aren't you quite the charmer.:)are you the man who 2 days ago said america wont loose its AAA rating. CRANK:rotfl:
Nope. That wasn't me.
But why? Was it too tight?“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: »Yes.
Nationwide July index is 10% below peak on average.
Well aren't you quite the charmer.:)
Nope. That wasn't me.
But why? Was it too tight?
maybe where you live and maybe in london but most areas of the country have fallen 25% easy.0 -
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Turnbull2000 wrote: »We have a deficit crisis, not a debt crisis (well, not yet).
I'm sure the semantic difference is hugely critical to the discussion in hand.Turnbull2000 wrote: »Plus the bailouts were essentially a one-off cost, no?
Just a tiny trivial one off cost right.Turnbull2000 wrote: »And way to miss the point. The banking meltdown is essentially consequence of what I said.
I think I did miss the point. Sorry.
You were ridiculing the OP right?0 -
http://www.aspc.co.uk/Documents/HousePrices-2011Q1.pdf
http://www.aspc.co.uk/Documents/HousePrices-2011Q2.pdf
:rotfl::rotfl::rotfl:The ASPC results show clearly that it is in fact statistical skew.
Between Q1 and Q2 numerous areas and property types are down.
But the average semi detached has spiked 30% to £541000 so everything is peachy.
Good grief.
Where's Hamish gone?
"wooooooo wooooooooo wooooooooooo".0 -
Where's Hamish gone?
"wooooooo wooooooooo wooooooooooo".
Yes geneer, of course, all the stats are wrong and only you are right.
ASPC = Up.
ROS = Up.
Nationwide, which is mix adjusted to remove skew, funnily enough, also = Up.
And individual houses, are....... wait for it........ Up.
But of course a tiny sub section of the data on one index fluctuating means that prices are crashing.
Comedy Gold.....: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
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