We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
It's beyond doubt house prices will NEVER crash
Comments
-
HAMISH yah i read it and actually attended a lecture on it. Still from it i took away that the 'credit crunch' was caused by mortgages being given to people who were too risky.
These mortgages were the trigger point that caused the credit crunch. You pretty much said it in your post?
Not UK mortgages.
Uk mortgage lending had nothing to do with it.“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 -
So nothing to do with the fact that the economy was based on people spending mroe than they earned by cashing in on HPI they did nothing to earn... then the taps got turned off and the free money stopped...
Correct.
Nothing to do with that.“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 -
Didn't say the UK economy
But your right i'm guessing the main reason for the credit crunch within the UK was the miss selling of the AAA rated investments by the Americans.0 -
Mr Osborne might say that is inevitable if the government is to continue raising the same amount from fuel taxes as cars become more efficient.IveSeenTheLight wrote: »Are you saying that because technology has made something more efficient that you should pass on said savings to the government?
It's the inevitability of death and taxes as Benjamin Franklin pointed out. Block up your windows to save on window taxes and the money will just have to come from somewhere else.0 -
But your right i'm guessing the main reason for the credit crunch within the UK was the miss selling of the AAA rated investments by the Americans.
Yep.
Hence why UK banks lost £15 on overseas mortgages for every £1 they lost on UK ones.
They wouldn't have needed any bailouts to cover UK mortgage losses at all.“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 -
... buy a new car which is more efficient and pay for it with the money you save on petrol?
What if you are still driving the 1973 (well maintained I suspect) because you cannot afford to buy a new car?
What if instead of buying a new car you are trying to save for a deposit?
Are you saying that FTBers should forgo the opportunity to become homeowners as they should buy a new car? :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Rollinghome wrote: »Mr Osborne might say that is inevitable if the government is to continue raising the same amount from fuel taxes as cars become more efficient.
It's the inevitability of death and taxes as Benjamin Franklin pointed out. Block up your windows to save on window taxes and the money will just have to come from somewhere else.
Fair point,
Why should other technology advances make things cheaper then i.e. TV's.
The governement will be making less VAT :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Could make the government billions.
Legalise cannabis. Those that do it will find ways to get it anyway. So might as well legalise it and add a tax to it. Would help out the economy and save a fortune in Police costs 0 -
Could make the government billions.
Legalise cannabis. Those that do it will find ways to get it anyway. So might as well legalise it and add a tax to it. Would help out the economy and save a fortune in Police costs
What's next after cannabis?
Heroin, Cocaine, Prostitution?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Interestingly I was reading about black death the other day and that did get rid of about 40% of the worlds population, but it actually caused more proplem with repopulation as many more young males than females where killed.
I like the sound of those odds so I'm willing to take my chances...0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards