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Debate House Prices
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"No House Price Bubble in UK" - says top economist....
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I feel yet another online meltdown happening soon...0
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Graham_Devon wrote: »
I've never seen you try to deny this boom before now. I have though, seen your write about the boom you now suggest never happened hundreds of times.
Wrong.Graham_Devon wrote: »I've never seen you try to deny this bubble before now. I have though, seen your write about the bubble you now suggest never happened hundreds of times.
Wrong.Graham_Devon wrote: »If I make an error, I apologise for it straight away, and have done.
Very wrong
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Graham_Devon wrote: »But as I've said, people WERE speculating on the UK market. We've heard enough about people who have bought into BTL to make money through speculation on prices. We;ve heard enough about people buying a BTL instead of a pension as the BTL should make more.
People are speculating today.
"People" in general, are investing in property, not speculating.
Arguably, if BTL was predominantly a speculation, then there would be fewer BTL's as they sold up before the drop in prices.
However we see that BTL has expanded and is continuing to do so.
Don't confuse a minority who speculate (I don't deny there will be some) over the majority who are investing in a long term strategy.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Graham_Devon wrote: »But as I've said, people WERE speculating on the UK market. We've heard enough about people who have bought into BTL to make money through speculation on prices. We;ve heard enough about people buying a BTL instead of a pension as the BTL should make more.
People are speculating today.
They certainly are! Even Pension providers are speculating in BTL - L&G for one. Surely you wouldn't approve of that would you?
... oops...Graham_Devon wrote: ».......Even if L&G do charge a little extra it doesn't mean the average rental price in that area goes up, as the extra competition may mean the larger number of existing landlords see a price fall and therefore, average rental prices fall.
This is a brilliant scheme from what we have seen and the intentions. Should be commended. Theres nothing wrong with a large company like this building its name on a social conscience.0
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