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Debate House Prices
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Land reg, up 0.8% December
Comments
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Graham_Devon wrote: »Seriously?
You want to visit one of the BTL threads, discussing how much the rent has gone up against incomes etc and how great it all is.
I was refering to house prices any chance of an ans to part 2 of my post.0 -
I was refering to house prices any chance of an ans to part 2 of my post.
That IS about house prices. What about all the posts from people suggesting how much they made over the boom? How much they have made on their BTL portfolio etc?
Real term falls don't help anyone buy. But it upsets the investors (as stated above) greatly. Hence were not allowed to talk about it.0 -
sabretoothtigger wrote: »I cant imagine they are like !!!!!! Dastardly and Mutley cursing their luck as their schemes are foiled once again by inflation, maybe next month they can catch the pigeon and house prices will crash.
That seems like a good description of many here.
Foiled by...
-QE
-BTL
-FFL
-ZIRP
And now...
-HPI
“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: »That IS about house prices. What about all the posts from people suggesting how much they made over the boom? How much they have made on their BTL portfolio etc?
Real term falls don't help anyone buy. But it upsets the investors (as stated above) greatly. Hence were not allowed to talk about it.
Personally I don't worry about investors but the qoute was about most people and most people are not investors.0 -
Personally I don't worry about investors but the qoute was about most people and most people are not investors.
Nor do I.
But you can't seriously suggest you've never seen an argument on here about investments and how great BTL is, only to pop in and suggest it's not that great in real terms, and to find the insults and tears flowing.
You can't seriously say you have never seen a landlord banging on about real term rises in rent? (Hamish is fond of this one, look for any thread he's started on increasing rents) and how this will feed through to BTL investors taking on FTB's and increasing prices.
Seriously, I understand your position, but to suggest you've never seen talk of real term rises is a bit...well...ignorant!0 -
Graham_Devon wrote: »Nor do I.
But you can't seriously suggest you've never seen an argument on here about investments and how great BTL is, only to pop in and suggest it's not that great in real terms, and to find the insults and tears flowing.
You can't seriously say you have never seen a landlord banging on about real term rises in rent? (Hamish is fond of this one, look for any thread he's started on increasing rents) and how this will feed through to BTL investors taking on FTB's and increasing prices.
Seriously, I understand your position, but to suggest you've never seen talk of real term rises is a bit...well...ignorant!
I still don't see people boasting in terms of real tern rises the only time you could would be if we had negative inflation and prices remained the same.
Most people I've heard boasting boast in nominal terms not heard to many people say my house has double in price but because of inflation it's only increased by 50%.
The boast I see are about rents increasing full stop.
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Graham_Devon wrote: »Something Hamish is very keen to point out when figures are showing "the wrong thing".
Taken you 2 days Graham, but welcome to another 'index rising' thread. :jIf I don't reply to your post,
you're probably on my ignore list.0 -
Is there an article illustrating the very real-term falls in real-term outstanding mortgage balances?
Genuinely no idea what you're going on about.HAMISH_MCTAVISH wrote: »They never answer that one.:(
Who are they "they" you're talking about? I'm a property owner who doesn't particuarly care what happens to house prices so I presume you don't mean me.0 -
Genuinely no idea what you're going on about.
Who are they "they" you're talking about? I'm a property owner who doesn't particuarly care what happens to house prices so I presume you don't mean me.
If the house price has falling in real terms it's obvious that the debt has fallen in real terms as have the repayments.
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If the house price has falling in real terms it's obvious that the debt has fallen in real terms as have the repayments.
I partly agree, but compared to the baby boomer generation difficult large debts are remaining difficult large debts for much much longer.
Baby boomers had all that lovely double digit inflation to clear their mortgages, that was a time when buying your own home was a no brainer.0
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