Real Vs Nominal - Lets Nail It

StevieJ

geneer wrote: »

You appear to be confused. You seem to have provided evidence of you claiming 20% falls. I am unsure how a single poster can be said to reflect "the bullish position.

Incidentally, 20 to 30% is not a bullish position. Its really really not.

Just an example followed by an example by Really, oh how we used to smile about being described as Bulls when we were predicting correction level falls Do you remember that Really2?

robmatic

Bullfighter wrote: »

I bought my first flat in the 90s for £70k, when I was 20. I was earning £23k pa and the 10% deposit was £7k. I remember saving up for about 5 or 6 months.

Fast forward to today and the same 20 year old Bullfighter would have to pay £180k for the same flat. He would have to find £18k in cold hard cash for the deposit and would need to be on a salary of £53k.

The few 20 year olds that I know are earning no more than I was in the 90's.

Wasn't £23k pa a blooming good salary for a 20 yo in the 90s?

Even now, someone who can save £14k a year as you did then would in no way be priced out of the market.

Really2

StevieJ wrote: »

Just an example followed by an example by Really, oh how we used to smile about being described as Bulls when we were predicting correction level falls Do you remember that Really2?

Apparently it was the "bears" predicting a fall of 20-30% and the rest of the falls coming from nominal stagnation/ real term falls.

Were most of the "bulls" on here the bears then.;):)