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Debate House Prices
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It's quite remarkable how attitudes have changed
Comments
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Those with a strong conviction either way are likely to be wrong as set out in a brilliant new book called Future Babble which forensically demonstrates how most (99%) expert predictions end up wrong, and in most cases the exact opposite of thier predictions actually comes to pass. The correalation between an experts strength of conviction and her likelyhood of being wrong is indisputable. Those experts with the most rigid convivtions are known as hedgehogs, where as those with a looser world view, known as Foxes, tend to make much better predictions.
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Bit of a misogynistic flavour to that article'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Over the past few years attitudes seem to have changed considerably as regards house prices.
Mine hasn't.
It's still and incredibly boring subject, obsessed over by a few saddo's who consider posting their drivel on an internet forum to be "important".'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
What is wrong with certain people on here? Kicked off HPC.co.uk and are hurting so much that they have to post daily about the forum or its members.
Is this some sort of 'remedy' a shrink has prescribed in order to get over getting banned?0 -
What is wrong with certain people on here?
I have no idea.
The moment hpc comes up in conversation and it's pointed out how catastrophically wrong all the crashaholics have been, some people have an overwhelming urge to defend the indefensible.
It smacks of desperation, to be honest. With a tinge of fear.
Very odd indeed.:)“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: »I have no idea.
The moment hpc comes up in conversation and it's pointed out how catastrophically wrong all the crashaholics have been, some people have an overwhelming urge to defend the indefensible.
It smacks of desperation, to be honest. With a tinge of fear.
Very odd indeed.:)
Nice to see TTRTR returning to Creditcrunch to put those wise men on the right course. :rotfl:0 -
What is wrong with certain people on here? Kicked off HPC.co.uk and are hurting so much that they have to post daily about the forum or its members.
Is this some sort of 'remedy' a shrink has prescribed in order to get over getting banned?
We are the homeowners and landlords they wanted to see lose everything.
They got it wrong and we got it right.
If you were in our shoes wouldn't you want to tell them 'I told you so?'
No problem anyway. They got the message :rotfl:We love Sarah O Grady0 -
Pimperne1, Hamish and Sibley i'll leave you ladies to discuss the big bad boys of HPC.co.uk0
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We are the homeowners and landlords they wanted to see lose everything.
They got it wrong and we got it right.
:rotfl:
Before my ban I used to debate people like Dr Bubb and my main thrust was that his kind were far too inclined to bury thier heads in stats and graphs and thus missed a bigger picture. I used the term 'rear view mirror watching'.
I admire that Bubb was using the words 'credit crunch' back in 2005 and think he was almost a prophet of what has happened in the US. Wonder what happened to him btw? Cant believe he didn't get onto main stream Yank TV circuits given his predictions.
Anyway, where they went wrong was as ever to base thier predictions on the trend of the moment but good brains know you cannot make predictions this way as they do not allow for the bends in the road, or Human ingenuity that of course ALWAYS leads to unforseen outcomes.
AS AN ASIDE THESE PREDICTIONS OF THE US GOING DOWNWARDS FROM HERE, are nothing new. People have been calling the fatal decline of the US for 100 years. Now remember nthy words folks:D
The US will have a new boom sooner than you think.0 -
Indeed it's amusing how everyone's changed their tune.
"Crash is in full swing now, prices are dropping in real terms round my way"
What happened to 50% off by Christmas? What happened to that graph of Grahams where prices were going to fall to an average of £25k after we'd all capitulated?0 -
Blacklight wrote: »Indeed it's amusing how everyone's changed their tune.
"Crash is in full swing now, prices are dropping in real terms round my way"
What happened to 50% off by Christmas? What happened to that graph of Grahams where prices were going to fall to an average of £25k after we'd all capitulated?
You'll always be able to pick up on something. If prices did crash 50%, you'd just claim you were correct as someone, somewhere, suggested they would crash 75%, therefore, bulls win.
Prices did fall. I'd rather be in the camp that suggested prices may fall / crash, than be in your merry camp, buying at the peak as there were no falls to be seen on the horizon.
Theres only a few of you who feel the need to go round constantly, creating thread after thread, suggesting you were "more correct" than the others you despise, precisely because they were, in actual fact, correct.
Theres no-one of a bearish persuassion having to go round dragging these things up and pointing out where someone said something that didn't happen. They don't feel the overwhelming need to prove others "more wrong" as they were clearly wrong themselves. There was one "bear" who did this, but you collectively managed to get his lips conviniently sealed.
You don't need a psycology degree to figure out the common running bitter theme in these constant threads about other forums.0
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