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'We've reached a tipping point' Signs of house price weakness
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Crashy_Time wrote: »It doesn`t need to happen again, the banks can now weather a proper crash, and profit from the surge in lending volumes. You didn`t think they were helping over extended "homeowners" did you?
I see your "debating" style hasn't changed.
Just ignore the facts and keep spouting hpc propaganda. :rotfl:“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: »Ireland had 17% of it's houses empty in 2007.
The UK has just 1.5%, and those are in the wrong place for current demand.
How many empty houses do you think there were in "prime" Dublin?0 -
George Osborne’s flagship Help to Buy equity loan scheme is poised to generate £4.5bn in profit for the government, making the Treasury one of the biggest beneficiaries of a housing boom that is drawing concern from policy makers.
Research by the Financial Times shows that the government is set to lend £7.7bn in the first stage of its scheme to help buyers of newbuild homes. Based on official forecasts for house prices, it is on track to make a 59 per cent rate of return in nominal terms over its lifetime.
http://www.ft.com/cms/s/0/f6a9e41a-d1e0-11e3-8ff4-00144feabdc0.html#ixzz39MUVjWkS
Yep, obviously the powers that be have every motivation to allow a crash.
Oh... wait.“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 -
Crashy_Time wrote: »How many empty houses do you think there were in "prime" Dublin?
Not many.
Hence why prices in "prime" Dublin have risen 40% in the last 2 years while wider Irish prices linger at 50% off peak levels.
http://www.independent.ie/business/personal-finance/property-mortgages/dublin-house-price-rises-are-not-a-bubble-but-are-cause-for-concern-30478112.html#sthash.hvY5CD8Z.dpufHouse prices in some parts of Dublin are up almost 40pc in just two years -“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 -
Crashy_Time wrote: »People in Dublin no doubt said the same a few years ago.
London isn't Dublin or Tokyo or tulip bulbs. London is a true global city and powerhouse. Look at where Dublin ranks in this list compared to London. Cant post a link so google "global cities wiki" for the link.
You aren't comparing apples with apples.
What you guys just don't get is that the GFC was a very unique event, this sort of catalyst for another crash is very, very remote anytime soon. If you want to sit there paying your landlords mortgage off waiting for it, be my guest.
At which level (year) would you buy back into your local market?0 -
HAMISH_MCTAVISH wrote: »
Yep, obviously the powers that be have every motivation to allow a crash.
Oh... wait.
Brilliant. Govt actually makes money out of it too. Can just see the HPC crowd :mad:0 -
At which level (year) would you buy back into your local market?
He's in Edinburgh, and as a fully signed up member of the Cult of Crash, will probably never buy.
He has bought a house for his landlord though, which is very generous of him really.
“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 -
The government has lots of skin in the game. It's reassuring.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0
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Well, this thread didn't quite go according to plan for our little bear cub.
Maybe he's popped back to HPC to ask the grown-up bears what to do next? “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
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