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Debate House Prices


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Is there a distinction in your mind and if so what is it?

24

Comments

  • MFW_ASAP
    MFW_ASAP Posts: 1,458 Forumite
    shortchanged wrote: »
    Economic situations such as massive wage rises causing house price growth and high interest rates resulting in busts etc.

    So an economic situation didn't cause this latest boom and bust?

    Are you saying that this time it's different?
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    MFW_ASAP wrote: »
    So an economic situation didn't cause this latest boom and bust?

    Are you saying that this time it's different?

    Yes

    This current situation was caused by loose lending by the banks combined with a lack of house building.

    The loose lending meant that house price growth outstripped wage growth so was fuelled a different way.

    The lack of housing was mainly caused by the selling of council stock and not adequately replacing it.
    Why are we here?......................because we are not all there.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    danothy wrote: »
    I only ask because I perceive a significant number of people seemingly referring to house price increases and the formation of a bubble interchangeably.
    That's because they don't know what they're talking about. It's forumonics at it's best. Don't listen to them, they're clueless just like the post above. You couldn't make it up.
  • shortchanged_2
    shortchanged_2 Posts: 5,546 Forumite
    edited 16 September 2013 at 2:28PM
    chucky wrote: »
    That's because they don't know what they're talking about. It's forumonics at it's best. Don't listen to them, they're clueless just like the post above. You couldn't make it up.

    So do you dispute what I've stated above, all knowledgeable one?
    Why are we here?......................because we are not all there.
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    shortchanged wrote: »
    ......The lack of housing was mainly caused by the selling of council stock and not adequately replacing it.

    This leads us to a novel solution.

    Simply buy back the 1.25 million council houses ever sold. Compulsory Purchase. Tomorrow.

    Problem solved!

    ... large lobotomies all round...
  • danothy
    danothy Posts: 2,200 Forumite
    Part of the Furniture Combo Breaker
    shortchanged wrote: »
    So do you dispute what I've stated above, all knowledgeable one?

    To be fair, the factors you listed do sound like economic factors, e.g. the supply and the financial viability.
    If you think of it as 'us' verses 'them', then it's probably your side that are the villains.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    shortchanged wrote: »
    So do you dispute what I've stated above, all knowledgeable one?
    The drop in house prices in 2008 and the current situation were not caused by loose lending combined with a lack of house building.

    It was caused by a global financial crisis that it looks like you obviously didn't know happened.
  • MFW_ASAP
    MFW_ASAP Posts: 1,458 Forumite
    chucky wrote: »
    The drop in house prices in 2008 and the current situation were not caused by loose lending combined with a lack of house building.

    It was caused by a global financial crisis that it looks like you obviously didn't know happened.

    So this time it isn't different?

    The global recession wasn't caused by a speculative UK housing market?

    If that's the case, then is shortchanged talking out of his hat again?
  • Dribley
    Dribley Posts: 178 Forumite
    MFW_ASAP wrote: »
    If that's the case, then is shortchanged talking out of his hat again?

    Better that than his backside, eh Renoman.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    shortchanged wrote: »
    Yes

    This current situation was caused by loose lending by the banks combined with a lack of house building.

    The loose lending meant that house price growth outstripped wage growth so was fuelled a different way.

    The lack of housing was mainly caused by the selling of council stock and not adequately replacing it.



    selling council houses didn't change the number of properties in the country by a single house
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