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Debate House Prices


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Poll: Would the economy be better if house prices had crash earlier.

2

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Linton wrote: »
    The economy drives house prices not the other way round. So if house prices had crashed the economy would have been in a worse situation than it was, otherwise house prices wouldnt have crashed.

    When did house prices crash?
  • Linton
    Linton Posts: 18,355 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    Thrugelmir wrote: »
    When did house prices crash?

    They havent - geneers poll is on a hypothetical premise.
  • geneer
    geneer Posts: 4,220 Forumite
    Yes
    MrRee wrote: »
    It had nowt to do with house prices .... they were simply a symptom of easy credit ...... should credit only have been forwarded to the credit worthy? That should be the question I feel.


    Agreed. The worst excesses of the bubble were in large due to easy credit (i.e. dangerous lending practicies).

    If they had pulled the plug earlier, prices would have corrected sooner, and the economy would be in much better shape today.

    Therefore it can indeed be concluded that had house prices crashed in 2004, the majority (including home owners) would be much better off today.
  • geneer
    geneer Posts: 4,220 Forumite
    Yes
    Linto/Trugelmir. House prices crashed nominally in 2007. They have continued to fall in real terms since.
    The argument about whether prices would crash is over.
    Your trolling positions diminish you, and any other arguments you care to make.
  • reweird
    reweird Posts: 281 Forumite
    Failed poll.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    reweird wrote: »
    Failed poll.

    Failed Pollster. ;)
  • lvader
    lvader Posts: 2,579 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    No
    Define better off?
  • geneer
    geneer Posts: 4,220 Forumite
    Yes
    Pimperne1 wrote: »
    Failed Pollster. ;)

    And you've utterlty failed to negate the key argument put forward by this thread.

    Shocker eh.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    poppyriley wrote: »
    Oh Yes Its Crashing Now
    3 bedroom detached 2007 £140000
    Now Under £100000 Lovin It http://www.rightmove.co.uk/property-for-sale/property-34427063.html

    Crashing when its a repo (not that I have anything against repos, bought one myself last year).
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    edited 11 October 2011 at 9:02PM
    poppyriley wrote: »
    theres another hundred houses like that pimp. http://www.rightmove.co.uk/property-for-sale/property-34297535.html
    and that aint a repo £150k Brand New 2007 The Crash Is Coming To A Town Near You

    Any idea of the actual address of that one? I see, for example, that number 49 sold for £104k this time last year and it last sold at the end of 2006 for around £99k.
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