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Debate House Prices
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Real terms house price falls - what is "real"
Comments
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Indeed, which was exactly my point. People on here understand your text, but everyday normal people would not have a clue what you're going on about.
Your average bod would look quizzical and ask you politely what you meant by 'victory'? No one on the real world talks about bull or bear victories, as they haven't ever heard of these concepts. They'd probably be really surprised to hear that a few people have spent the last few years logging in to niche forums scoring 'victories' over each other by defining whether fall in an asset price is a crash or not.
Simply put, normal people in the real world don't "claim victory in the wake of a crash." It's a concept that makes no sense outside of this tiny forum and that housepricecrash website.
Be gentle, he's already on his way to a complete meltdown.....0 -
IveSeenTheLight wrote: »the slight problem is that not everyone is able to afford to be a property owner, thus overall averages with regards wages is not reflective.
My point was that higher earners (or those getting higher yearly increases) will be better placed to have the opportunity to buy than those on lower earning, lower than inflation wage increases.
We've already seen owner occupancy levels decrease and potentially it's likely to lower further.
well we're not comparing the value of a house to average salaries here, but the rate of change in the value of the house to the rate of change of average salaries.
whilst FTSE100 company directors may be getting payrises of 756,345,246,346% per annum, i don't think there's going to be all that much difference between the rate of change the salary of someone who is on £15k a year or £40k a year. therefore i don't think there's any real problem using the average rate of wage inflation.0 -
Indeed, which was exactly my point. People on here understand your text, but everyday normal people would not have a clue what you're going on about.
And in other news the grass is green.Indeed, which was exactly my point. People on here understand your text, but everyday normal people would not have a clue what you're going on about.
Your average bod would look quizzical and ask you politely what you meant by 'victory'? No one on the real world talks about bull or bear victories, as they haven't ever heard of these concepts. They'd probably be really surprised to hear that a few people have spent the last few years logging in to niche forums scoring 'victories' over each other by defining whether fall in an asset price is a crash or not.
Simply put, normal people in the real world don't "claim victory in the wake of a crash." It's a concept that makes no sense outside of this tiny forum and that housepricecrash website.
You're pushing against an open door mate.
In the real world my friends and workmates told me "I have to hand it to you, you called it". Or at least some of them did.
Those who had derided my opinions just went a bit quite on the subject. A bit like all those bulls who retired to bull island in 2008.
Hey...the real worlds a bit like this forum after all. :rotfl:0 -
In the real world my friends and workmates told me "I have to hand it to you, you called it". Or at least some of them did.
Those who had derided my opinions just went a bit quite on the subject. A bit like all those bulls who retired to bull island in 2008.
Do circles of friends really sit down and compare their views on where the housing market is heading and then meet back up to discuss who was right and who was wrong?0 -
Do circles of friends really sit down and compare their views on where the housing market is heading and then meet back up to discuss who was right and who was wrong?
Yes, all the time when they all live in the same head.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
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Do circles of friends really sit down and compare their views on where the housing market is heading and then meet back up to discuss who was right and who was wrong?
The only thing I ever discuss with my friends is investing in precious metals. I literally never mention anything else, like a broken f*^#ing record I go on and on about it like you wouldn't believe.
Would you like to be my friend Cleaver?0 -
Do circles of friends really sit down and compare their views on where the housing market is heading and then meet back up to discuss who was right and who was wrong?
I wouldn't have thought so.
Now I don't want to blow your mind or anything, but people did tend to talk an awful lot about houses and house prices*. Didn't you get that memo? :rotfl::rotfl::rotfl:
Lordy, your not actually trying to deny the well know love affair joe public used to have with House prices.
Talk about rewriting history.
* Or at least they did. Until around 2008.0 -
chewmylegoff wrote: »well we're not comparing the value of a house to average salaries here, but the rate of change in the value of the house to the rate of change of average salaries.
whilst FTSE100 company directors may be getting payrises of 756,345,246,346% per annum, i don't think there's going to be all that much difference between the rate of change the salary of someone who is on £15k a year or £40k a year. therefore i don't think there's any real problem using the average rate of wage inflation.
My point is that the cross point where the average housebuyer salary is in relation to the average house price is moving to the right:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Do circles of friends really sit down and compare their views on where the housing market is heading and then meet back up to discuss who was right and who was wrong?
I doubt it.
I did however advise my mate against buying a certain house under a certain scheme, and he has since talked about it and stated I was correct.
We didn't specifically meet up and sit round a table solely to discuss it though.0
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