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Debate House Prices
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Rightmove August Fall of -2.4%
Comments
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homelessskilledworker wrote: »And you think that is a good thing ??
I think it's an inevitable thing when you prevent most potential FTB-s from buying thanks to mortgage rationing.“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 -
“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 -
chewmylegoff wrote: »This sort of thing doesn't seem to bother you when you are posting yet another "rents continue to soar" post, despite rents always rising during the same months of the year before later falling back...
Yeah that is funny, rents fall for most of the year and when they dont fall so much the prop ramper shouts rents are soaring:rotfl:The latest survey data suggests to us that the UK housing market is like a tyre with a slow puncture. You can keep putting air into it for a while, but no matter what you do, eventually it’s going to go down a lot.0 -
The latest study covering England and Wales saw no monthly increase in asking prices in any region, which is the first time this has happened since November last year.
Must have been due to 'Olympic fever'0 -
I blame the start of the football season.
Wrong type of athletes.0 -
HAMISH_MCTAVISH wrote: »I think it's an inevitable thing when you prevent most potential FTB-s from buying thanks to mortgage rationing.
The price of pretty much everything goes up every year unless the cost of producing it goes down... Saying that rents are going up in nominal terms is completely irrelevant. Anything which compares rents to wage inflation (over a reasonable period, not one designed simply to support whatever point you want to make) or disposible income might be worth talking about.0 -
chewmylegoff wrote: »The price of pretty much everything goes up every year unless the cost of producing it goes down... Saying that rents are going up in nominal terms is completely irrelevant. Anything which compares rents to wage inflation (over a reasonable period, not one designed simply to support whatever point you want to make) or disposible income might be worth talking about.
Oh for the love of....
Rents are rising in real terms year on year, and are also rising at nearly twice the rate of average wages year on year.
In a recession, with high unemployment, negative consumer sentiment, and falling disposable income, rents are rising. Which is exactly the opposite of what any of the housing bears predicted would happen, because they didn't believe there was a shortage of housing.
Happy now?“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 -
chewmylegoff wrote: »The price of pretty much everything goes up every year unless the cost of producing it goes down... Saying that rents are going up in nominal terms is completely irrelevant. Anything which compares rents to wage inflation (over a reasonable period, not one designed simply to support whatever point you want to make) or disposible income might be worth talking about.
I think it's about expectation, house prices and rents were supposed to be 50% (at least) down by now, your point that they "always increase" is kind of Hamish's point as well and is a common source of ridicule for the "bears".This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
I think it's about expectation, house prices and rents were supposed to be 50% (at least) down by now, your point that they "always increase" is kind of Hamish's point as well and is a common source of ridicule for the "bears".
Ehhh
Stereotypying yet again, I have never thought prices will drop 50%, I have never given a date to the start of the crash, and even think it even possible with more political and BOE intervention that the housing could be prevented from collapsing even now, but that would be dangerous beyond belief.
Yet another poster from you where the attitude is the only good bear is a dead bear. If one bearish poster has a view point then they ALL have it, in your eyes anyway.0 -
homelessskilledworker wrote: »Yet another poster from you where the attitude is the only good bear is a dead bear.
Foxy's been playing Call of Duty Black Ops again.
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