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Debate House Prices


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QE to boost house prices.

HAMISH_MCTAVISH
HAMISH_MCTAVISH Posts: 28,592 Forumite
Part of the Furniture 10,000 Posts Name Dropper Photogenic
in Debate House Prices & the Economy
The Bank is currently engaged in a £275bn programme of UK government debt purchases - something that is expected to come to an end in February next year.

It is designed to put more cash into the UK financial system, to reduce long-term borrowing costs, and to push up the value of assets such as shares and house prices.
http://www.bbc.co.uk/news/business-15888358

:beer:
“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”
«134

Comments

  • Rinoa
    Rinoa Posts: 2,701 Forumite
    [FONT=&quot]oregonian_winesmiley.gif [/FONT]

    ............................
    If I don't reply to your post,
    you're probably on my ignore list.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Worked a treat last time too. :)
    “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”
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    HAMISH_MCTAVISH wrote: »
    http://www.bbc.co.uk/news/business-15888358

    :beer:

    Thanks for that Captain Obvious. However, just because it's designed to do something, doesn't mean that it will actually succeed.

    teapot%20choc3.jpg
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    :beer:;):beer:
  • the_flying_pig
    the_flying_pig Posts: 2,349 Forumite
    edited 26 November 2011 at 12:10AM
    supply and demand, eh, H, that's all there is. well, that and printing the odd hundred billion quid or so every now & then.

    anyway, they're doing a very fine job and, who knows, might be able to get average house prices back up to peak sometime within, oh, what, the next decade or so, do you reckon? maybe even 10y-o-10y positive if they really let it rip?:beer:

    BTW the journo hugely intreprets both the intended and actual effect on house prices.

    the main effect is in London, really. of this round of £75bn a fairly shocking amount will 'stick to the sides' of the system, and subsequently drain down straight into bankers' pockets.
    FACT.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    More QE means more inflation. High inflation is draining the public purse putting downward pressure on house prices.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • reweird
    reweird Posts: 281 Forumite
    :beer::j:beer::T:beer::j:beer:
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    brit1234 wrote: »
    More QE means more inflation.

    You're going to look like a right twit when inflation falls over the next few months. :D
    “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”
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    reweird wrote: »
    :beer::j:beer::T:beer::j:beer:

    The mods need to ban the beer smiley. It's only the idiots that use it anyway.
  • reweird
    reweird Posts: 281 Forumite
    DaddyBear wrote: »
    The mods need to ban the beer smiley. It's only the idiots that use it anyway.
    Just because you are hurting doesn't mean others are nor that all differing opinions to your stance should be banned. Grow up and grow a pair. :beer:
This discussion has been closed.
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