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Debate House Prices
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Robert Shiller on Why Home Prices Could Fall for Several Decades
Comments
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Are you forgetting the principle reason in the US and the UK for rapidly rising prices was mass irresponsible lending and fraud.
House prices here are limited to what the lending criteria is. There is demand and effective demand.
Okay, well the first issue you raise around fraud is a subjective opinion. Not saying you're right or wrong, but it's subjective. Agree with your second point.
Neither of your statements are anything to do with your original statement that I questioned though, which is your assertion that the UK market has further to fall because the US market has fallen more. They are two seperate markets, so they don't follow each other.0 -
How much of Britain do you think is built on?
Answer not very much
And what has that got to do with my statement about the US? To answer your question (without looking it up), about 10% from memory.
How easy is it to build on greenfield site in Britain? Difficult and quite rightly. But let's change the question. How much of England has been built on and to narrow it down further, how much of London and the South East has been built on?
In America and especially in places like Detroit where the population has more than halved in the last 30 years, they don't even bother to use brownfield sites, they just build on greenfield. This means that they have completely different housing market dynamics to the UK.
Therefore any market report of the US housing market, is largely irrelevant to the UK.0 -
Long term its still cheaper to buy than rent! Yeah you might take a financial hit short term but how much would you have lost paying rent to a landlord?0
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Long term its still cheaper to buy than rent! Yeah you might take a financial hit short term but how much would you have lost paying rent to a landlord?
Oh don't say that. Everytime someone says that we have 157 pages of complex financial calculations supporting both sides of the argument and the forum starts to resemble one of those formula-covered blackboards in a physics lecture theatre.0 -
How much of Britain do you think is built on?
Answer not very much
Again, How much would you be allowed to build on?
Releasing building land in say, Sunderland, isn't going to make much of a difference to anyone based in the crowded South East is it?
We live in a relatively small and crowded island. The US housing market isn't really comparable to the UK market.Nothing is foolproof, as fools are so ingenious!
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Oh don't say that. Everytime someone says that we have 157 pages of complex financial calculations supporting both sides of the argument and the forum starts to resemble one of those formula-covered blackboards in a physics lecture theatre.
I think that would be better than what happens on most threads nowadays0 -
It could but not based on the evidence you've presented.
Do you have any reasoning why this has anything to do with the UK housing market?
1) Risky lending in both countries.
2) Economic collapse in both countries.
3) Bubbles in both countries.
4) Crashes in both countries.
Apart from that, completely different wotsits.0 -
How much of Britain do you think is built on?
Answer not very much
True but it will take a revolution for the landed gentry and other wealthy land owners to allow our green and pleasant land to be built on, and they will want a better reason than providing social housing for the proles or for that matter minor mansions for the pretentiously wealthy middle classes.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
Oh don't say that. Everytime someone says that we have 157 pages of complex financial calculations supporting both sides of the argument and the forum starts to resemble one of those formula-covered blackboards in a physics lecture theatre.
With a lot of posters on both sides of the debate demonstrating that they have poor maths. And everyone sticks with the point of view that they had at the start regardless of the outcome of the sums.0
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