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Debate House Prices
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Officially in recession
Comments
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Graham_Devon wrote: »Nonsense Hamish. .
I see you've avoided answering the bulk of the post.
Lets try again.
I've never disputed that most people like to redecorate and refurnish when they move house or shortly thereafter.
So it's obviously a significant loss to the economy when house sales are at 40% of normal.
Far fewer houses being built is also a huge loss to the economy.
And another huge loss to the economy from associated services, from moving costs (which you have previously claimed on repeated occasions are large), to solicitors fees, to brokers, etc etc etc.
You can wriggle all you like Graham, but no rational person can claim that the housing market is not a significant percentage of the economy.“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”0 -
What nutcase is trying to say that housing market isn't a major percentage of the economy?HAMISH_MCTAVISH wrote: »no rational person can claim that the housing market is not a significant percentage of the economy.0 -
vulcan1964 wrote: »It tells me that we have a nation of highly paid politicians and economists that have no idea of what the european and national economy is going to do next.
Pretty much all economists, as usual, living in their ivory towers, have lost all their credability over the past few years, IMHO. They clearly don't have a clue about what's going on because what's happening now ain't happened before and they don't live in the real commercial world and are completely out of touch with reality.
The even more ignorant media spend huge amounts of money having them spout their ignorant rubbish on the TV, in the papers and online, as if they know what they are talking about.
As for the politicians, they will manipulate whatever the economists say, to gain votes.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
Don't expect construction to turn round when industrial units which cost £600 per sq m to build are being valued by lenders valuers at £400 per sq m.
They're doing the same thing with residential.“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”0 -
Graham_Devon wrote: »This is actually a very good point, as all of the governments figures were based on lower inflation than we have now and higher growth than we have now.
Which obviously leaves a rather large hole.
Well this is what many of us were saying for a long time.
There certainly seems to be a wind of change now from some economic experts with regards to the severe austerity measures taken by some countries.0 -
What nutcase is trying to say that housing market isn't a major percentage of the economy?
The ones in this thread trying to say the housing market being in the doldrums has nothing to do with why we're back in recession.“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”0 -
HAMISH_MCTAVISH wrote: »
You can wriggle all you like Graham, but no rational person can claim that the housing market is not a significant percentage of the economy.
You do realise no ones actually argued this...don't you?
What people are ridiculing you for, is this:
So sit there trying to make out that actually were arguing something different, but I think we all know what we take issue with....it's only you who seems to be confused about it all, and under the belief were all arguing something different.You can't have a sustainable recovery in the UK economy without a sustainable recovery in the UK housing market.0 -
shortchanged wrote: »There certainly seems to be a wind of change now from some economic experts with regards to the severe austerity measures made by some countries.
Yes.
Fewer and fewer of them think it's a good idea.
As they're all realising that without growth, austerity achieves nothing.“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”0 -
Let them think what they want, have you ever been able to change the thinking of these 'people'?HAMISH_MCTAVISH wrote: »The ones in this thread trying to say the housing market being in the doldrums has nothing to do with why we're back in recession.
Don't forget that before the internet, these people would communicate by writing on the back of toilet doors. Let them live in their own ignorance.0 -
Graham_Devon wrote: »So sit there trying to make out that actually were arguing something different,
If you disagree with my statement then you obviously believe that the economy should be doing just fine while the housing market languishes in the doldrums, while construction of new houses is at 30% of the levels needed, and while sales of associated services from moving van hire, to furnishings, and even solicitors fees have fallen off a cliff.
Why would you expect that to be the case?“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”0
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