We are in a housing bubble

wotsthat

Graham_Devon wrote: »

Funny how you thank, rather than pulling up Loughton when he immediately comes to the very same conclusion.

Yes. It's hilarious how you obsess about thanks.

Graham_Devon wrote: »

As I said, you'll do anything to have a pop...even pretending it wasn't aimed it me, when it was, and thanking Loughton who explicitly said that very thing.

In that case thanks for biting.

Graham_Devon wrote: »

Have I bought a HTB house now?

Not knocking it. Always said the early adopters of HTB were going to do well out of it. I hope it works out.

Mallotum_X

Great debate guys, truly first class

wotsthat

Mallotum_X wrote: »

Great debate guys, truly first class

Hey, if it's debate you're after there are a couple of interesting threads on the go. Might be better to demonstrate your superiority by participating in them rather than trolling us lesser mortals.

aurelieweill

We have an asset bubble, just look at share prices, gold (even though it has dropped) and house prices. Therefore interest rates won't stay low forever.

Loughton_Monkey

Well it's all getting rather confusing now....

Graham_Devon wrote: »

Funny how you thank, rather than pulling up Loughton when he immediately comes to the very same conclusion.

I thought you had mistyped, and meant "think". But I think you meant "thank". For some reason, I thought of you "winking" but then I thought...... something else.

Anyway, then I got to thinking that the upturn in the economy must be limiting your raw material somewhat, and then I read this:

wotsthat wrote: »

I suppose the upturn in the economy must be limiting your raw material somewhat too.

After which I read this:

Graham_Devon wrote: »

Indeed, not left with much bar the Express, which, bizzarely enough, doesn't leave me much to agree with and post!

Which rather confirms it doesn't it?

I am seriously proud of you, Graham. You seem to be learning....

Graham_Devon wrote: »

Mind you, I had rather supposed that articles from the BBC didn't count as they were written by confused journalists...

Perfect!

And then...

Graham_Devon wrote: »

Seems the BBC's confused journalists are now quoting confused economists, just to confuse things further.

Exactly!

You're learning. Well done!

Now for the $64,000 question. Let's end any confusion.

Do you think we in a housing bubble?

sabretoothtigger

overvalued when compared with incomes, raising the risk of a fall

Everything is a bubble right now. IF you can fix your costs, interest for 10 years then its not a bubble; its just dam smart

gazzabboi

Just another boring journalist. House prices rising at a rate lower than inflation is not a bubble. zzzzzzzz

Linda_D_2

That's obvious, I don't think there would be anyone on here who won't admit the bubble.

TruckerT

gazzabboi wrote: »

House prices rising at a rate lower than inflation is not a bubble. zzzzzzzz

Well, that's an interesting point of view.

Wages are rising at !%? Prices are rising at 2%? Property is selling at 5-10% more than a year ago?

What is your definition of inflation?

TruckerT

wotsthat

TruckerT wrote: »

Well, that's an interesting point of view.

Wages are rising at !%? Prices are rising at 2%? Property is selling at 5-10% more than a year ago?

What is your definition of inflation?

TruckerT

If prices are rising faster than wage inflation then it would seem that people are willing to pay higher multiples of pay to buy a house. That wouldn't happen if there was a glut of housing. Therefore I suspect a housing shortage rather than a housing bubble.

That's what the economist in the OP seemed to miss.