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Property market 'heading for a fall in 2008'
Comments
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through some fascinating new, Nobel Prize winning, economic theory the Daily Express have concluded:
you couldn't make this stuff up!
increased supply = higher prices, brilliant.
Does anyone agree with this?
Only in the Daily Express!!:rotfl: I'm just surprised they didn't run a Diana story today...0 -
My opinion, FWIW, is that a fall in house prices is most likely to be caused by interest rates having to rise rapidly to defend a falling Pound. In other words a good old fashioned Labour Sterling Crisis.0
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Melissa177 wrote: »Don't forget the increase in population doesn't tell the whole story - it's the increase in households too, as we trend towards people living alone in smaller family units.
I also agree with this "8 buyers per property" nonsense. I suspect it's calculated by the number of potential buyers on EA's books, which is silly, as I was registered with 20+ EAs when I was looking to buy! Does this mean I am counted as a buyer 20 different times?
that's why I prefer to listen to the Economics Editor of the Telegraph than some ridiculous contradictory nonsense in the Daily Express.
But hey "chacun son gout".0 -
which they say is due to an increase in the supply of houses.
- second line of the article.
Thanks - sorry, I think we cross posted!
Fantastic economics from the Express...
Next week: Diana conspiracy to lead to house price crash as immigration soarsErrors of opinion may be tolerated where reason is left free to combat it. - Jefferson0 -
My opinion, FWIW, is that a fall in house prices is most likely to be caused by interest rates having to rise rapidly to defend a falling Pound. In other words a good old fashioned Labour Sterling Crisis.
In my opinion the reason ,which might be related, would be the same as happening in the US: a withdrawal of liquidity. Lenders will decide that the risks outweigh the rewards.0 -
Still look on the bright side , these articles get us all talking and we get to chat with loads of new people. We might not all agree with each other but it is all very civilised compared to the yah boo politics of today. Carry on everyone !0
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Diana stories are for Tuesdays. Didn't you realise?Only in the Daily Express!!:rotfl: I'm just surprised they didn't run a Diana story today...A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
Completely agree. As for people talking about supply and demand, sorry, but the two things that affect house prices are affordability and sentiment. You can have as many houses as you like on the market but if the buyers out there can't afford them, they won't sell.My opinion, FWIW, is that a fall in house prices is most likely to be caused by interest rates having to rise rapidly to defend a falling Pound. In other words a good old fashioned Labour Sterling Crisis.
We are heading for higher interest rates. That is likely to happen in various places around the world because of serious changes in currency exchange rates (mainly against the $) which will cause interest rate changes being needed by various central banks including the UK.A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
BobProperty wrote: »You can have as many houses as you like on the market but if the buyers out there can't afford them, they won't sell.
then surely the price falls until they are affordable? Supply and Demand0 -
It doesn't work that way though does it? Otherwise putting 10% more houses on the market would produce a 10% reduction in prices which doesn't happen.then surely the price falls until they are affordable? Supply and Demand
The price doesn't need to fall if banks will lend more money. Which is what has happened over the last few years. More the opposite, you can ask more for the same property because someone is willing to pay more for it, because they can borrow more. Even if there are more properties on the market.A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0
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