QE to boost house prices.

globalds

I have just come back from working in London.( On residential new builds)

I really struggle to see the perceived value ..It has all the signs of a bubble set to burst.

DaddyBear

reweird wrote: »

Grow up and grow a pair. :beer:

:rotfl::rotfl::rotfl:

Didn't answer the rest of your post because the "grammar" made my head explode.

geneer

Rinoa wrote: »

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You have to laugh when a confirmed pensioner celebrates a likely increase in inflation. Makes you realise these guys really don't do "big picture".

MrRee_2

The previous QE has resulted in house round here going up in value already!!

We certainly don't need any more - but, more is on the way!!

Madness - let it find its own level ....

Get-real-buy-real

Notice the obvious mistake in this quote :

"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."

They obviously do not know the difference between price and value.

QE pushes up prices, but price means nothing value means everything.

If they just created say another £75 Billion and added it to the currency supply then it would push up prices of everything because there is more units of currency chasing the same supply of goods and services.

Wait a min, thats exactly what they did...............:rotfl:

brit1234

HAMISH_MCTAVISH wrote: »

You're going to look like a right twit when inflation falls over the next few months.

Not really Hamish. We all know that the VAT figure will fall off in Feb 2012. However this QE will increase costs and good. It won't happen immediately and will take time to filter through as inflation, the same way last months QE.

geneer

HAMISH_MCTAVISH wrote: »

You're going to look like a right twit when inflation falls over the next few months.

I'm sure you will be all to willing to admit your spectacular mistake when it doesn't, right hamish?

Jimmy_31

globalds wrote: »

I have just come back from working in London.( On residential new builds)

I really struggle to see the perceived value ..It has all the signs of a bubble set to burst.

I wonder what will happen once the cost to build a new build are released to the people (tax payer) underwriting a made up number.

Im predicting lots of people in the construction industry who will be working on these new builds will end up feeding the media all the gory details of a house that cost under 50k to build, being sold on for 200k.

Jimmy_31

MrRee wrote: »

The previous QE has resulted in house round here going up in value already!!

We certainly don't need any more - but, more is on the way!!

Madness - let it find its own level ....

I thought you said house prices would only start increasing in 2012 ?

It will find its own level eventually:)

Rinoa

geneer wrote: »

You have to laugh when a confirmed pensioner celebrates a likely increase in inflation. Makes you realise these guys really don't do "big picture".

I'm celebrating I haven't rented for the past 20 years.

Maybe you should just accept your losses and buy.

BTW, being retired does not equate to being a pensioner.