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!
5k+ homes bought with HTB1 in 6 months
Comments
-
HAMISH_MCTAVISH wrote: »Heh heh....
Lets look at who else is in the category of "or so" then shall we....
The Prime Minister of the UK.
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10439606/David-Cameron-95pc-mortgages-will-help-people-buy-their-dream-home.html
Lets see what else he said...
Now.... Lets see.
Who should we listen to?
The Prime Minister of the UK, or some random internet nutter that posts on a forum (hpc) dedicated to bringing on a crash in house prices no matter what the cost to society.
Well gosh....
Tough choice.
Not.:)
They’ve got good jobs but they can’t get a mortgage… Because of the damage done by our banks they are not offering the 90-95 per cent mortgages which have been part of our life for many many years.
I thought I would substitute the word 'by' for the word 'to' - it seems to make more sense of the quote.
But it's OK - as I posted just now, the lenders suddenly seem to have rediscovered the possibility of offering 95% mortgages, without using the taxpayer HTB subsidies. What has changed?
TruckerTAccording to Clapton, I am a totally ignorant idiot.0 -
the_flying_pig wrote: »reply to that was "No. We don't have any lack of houses. High house prices are demand-driven not supply-driven."
:rotfl:
Honestly, you couldn't make it up....:T
When demand exceeds supply, prices rise.
So the solution must be to artificially restrict demand then, right?
(it's at times like this I miss the rolleyes smiley)“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 -
HAMISH_MCTAVISH wrote: »:rotfl:
Honestly, you couldn't make it up....:T
When demand exceeds supply, prices rise.
So the solution must be to artificially restrict demand then, right?
(it's at times like this I miss the rolleyes smiley)
Some would say that house prices are driven by mortgage availability.
TruckerTAccording to Clapton, I am a totally ignorant idiot.0 -
Some would say that house prices are driven by mortgage availability.
The ability for ordinary people to buy houses is set by mortgage availability.
Prices are set by supply and demand.
You clearly can, of course, artificially reduce house prices by removing 70% of liquidity from the market.
Any market would crash if you did so.
But thinking it's a good idea to suppress house price via preventing millions of people from buying them thanks to mortgage rationing is, quite frankly, one of the all time stupidest suggestions in history.“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 -
HAMISH_MCTAVISH wrote: »thinking it's a good idea to suppress house price via preventing millions of people from buying them thanks to mortgage rationing is, quite frankly, one of the all time stupidest suggestions in history.
But that was a commercial decision by the banks. Wasn't it?
TruckerTAccording to Clapton, I am a totally ignorant idiot.0 -
“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 -
According to Clapton, I am a totally ignorant idiot.0
-
Graham_Devon wrote: »You'll find I don't have issue, so why you are trying so hard to mock together a response which takes issue is beyond me.
You've obsessed about it since day one, started countless threads (none of them positive), listed everyone against it, and been dismissive of any supportive arguments. If the chuckle brothers had said they thought it was a bad idea I reckon that would have got it's own thread too.
If you've changed your view that's one thing but if you've just hit the reset button then you're testing people's credulity (on a forum where everyone has a decent BS detector) and damaging your own credibility in the process.
You don't have an issue with HTB1? Pull the other one.0 -
o yes it was...
TruckerT
Hamish believes the BoE should simply have provided endless liquidity to bolster the market. No need to worry as long as house sales and prices increase. No need to be concerned about the quality of the underlying assets."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
He has also been known to claim that HTB won't have any effect on house prices.You've obsessed about it since day one, started countless threads (none of them positive), listed everyone against it, and been dismissive of any supportive arguments. If the chuckle brothers had said they thought it was a bad idea I reckon that would have got it's own thread too.
If you've changed your view that's one thing but if you've just hit the reset button then you're testing people's credulity (on a forum where everyone has a decent BS detector) and damaging your own credibility in the process.
You don't have an issue with HTB1? Pull the other one.
His arguments are now getting desperate, I'm starting to think he argues with specific posters better off than him rather than other points of view.
This will be just another thread he has started just to be found out and embarrassed that he has to run away from.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards