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Debate House Prices


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2 Year stamp duty holiday called for - Balls

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Comments

  • FTBFun
    FTBFun Posts: 4,273 Forumite
    brit1234 wrote: »
    No. As I have said before I have a large deposit, costs, stamp duty and furniture fund saved.

    Its house prices which are an issue to me. You know when you have all above and a good wage yet still priced out that housing is overvalued..

    You obviously don't have a "large" deposit if you are priced out....or are you just deluded as to what you [STRIKE]are entitled to[/STRIKE] can afford?
  • brit1234
    brit1234 Posts: 5,385 Forumite
    FTBFun wrote: »
    You obviously don't have a "large" deposit if you are priced out....or are you just deluded as to what you [STRIKE]are entitled to[/STRIKE] can afford?

    No pretty sure I am priced out. Why is it beyond your comprehension to understand house prices are overvalued?

    Please stop telling me what I think.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    Here's what you thought brit:

    Q1 2009 --- house prices will fall 50% by Christmas (they rose 15%)
    Q3 2011 --- buy gold now (it fell 30% over the following 3 months)

    I don't really think economics is a big strength of yours, is it? Best to stick to dishing out the speeding tickets.
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    brit1234 wrote: »
    No pretty sure I am priced out. Why is it beyond your comprehension to understand house prices are overvalued?

    Please stop telling me what I think.

    You "think" house prices are overvalued? It's not a fact, it's your opinion.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    I ask again. Why is it beyond your comprehension to understand house prices are overvalued?
    FTBFun wrote: »
    You "think" house prices are overvalued? It's not a fact, it's your opinion.

    Historical averages, salary v house prices, then we all know that house prices would be falling faster if interest rates were normal levels. So yes it is pretty much fact that house prices are overvalued. Disagree, then why have transaction levels collapsed if not overvalued?
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • brit1234 wrote: »
    why have transaction levels collapsed if not overvalued?

    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”
  • And your signature needs updating.
    “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”
  • FTBFun
    FTBFun Posts: 4,273 Forumite
    brit1234 wrote: »
    I ask again. Why is it beyond your comprehension to understand house prices are overvalued?

    I have a different opinion than you. That's it. It's nothing to do with comprehension. How's the "50% off by end of 2012" prediction going?

    "House prices are overvalued" is a meaningless statement anyway.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    FTBFun wrote: »
    I have a different opinion than you. That's it. It's nothing to do with comprehension. How's the "50% off by end of 2012" prediction going?

    "House prices are overvalued" is a meaningless statement anyway.

    Ok lets try for the 3rd time. Why is it beyond your comprehension to understand house prices are overvalued?

    The facts are plain to see they are overvalued, you won't prove they are not infact you keep deflecting. That makes me think you actually believe they are overvalued, you probably don't admit it as you have some vested interest in it perhaps?
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    edited 2 October 2012 at 9:16AM
    Was watching newsnight last night. Was pretty funny. They had douglas alexander on.

    He said last week that the polls were showing people supported labour, how this shows the colaition are failing etc etc. He said last night, that you shouldn't take any notice of polls at the moment as theres another 3 years to go. Of course, this was the poll showing Ed Milliband on the backfoot.

    They made a big fuss, and are releasing a 4 minute party broadcast on TV, showing how Ed Milliband managed to go to the same type of school as the rest of us. But, if asked why they they are making such a fuss of it, Danny states it's not important which school Milliband went to at all and it's being taken out of context.....it's a 4 minute clip devoted to the school he went to!!!

    He then went on to suggest that labour will be left with an economy that the coalition have ruined and will be left with a recession, hence they can't do what they want to do....however, it's fine for him to then turn around and lambast the coalition for not doing what they wanted to do.

    Labour really need a change.
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