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'We've reached a tipping point' Signs of house price weakness
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HAMISH_MCTAVISH wrote: »He's in Edinburgh, and will probably never buy.
He has bought a house for his landlord though, which is very generous of him really.
He must have a target in mind though? They all sit there praying for a crash but they never ever say where this unicorn crash will end and its fair value again. Are they waiting for a 4 bed detached house for 20k or something else? I really am curious to know. Notice how its never answered.0 -
HAMISH_MCTAVISH wrote: »HA!
Knew it was you.
Any chance of you eating a large slice of humble pie regarding how wrong you were on Edinburgh and Aberdeen house prices?
Let`s face it, most people with their marbles intact have paid little or no rent increases over the last decade and a half or so? I could be anybody really?0 -
Notice how its never answered.
It never is....
They just repeat the same mantra, over and over again....
"House prices will fall if I only have faith."
It really is a cult.....“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: »I could be anybody really?
Busted.
Any chance of you eating a large slice of humble pie regarding how wrong you were on Edinburgh and Aberdeen house prices?“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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Crashy_Time wrote: »That is the funniest post on the thread so far!
How so? The Govt is actually making money from HTB.0 -
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?
But you were saying before that lending levels were the lowest since 2007?0 -
HAMISH_MCTAVISH wrote: »It never is....
They just repeat the same mantra, over and over again....
"House prices will fall if I only have faith."
It really is a cult.....
It's a form gambling. They make a perceived loss, regret it and chase the loss doing the same thing that made it in the first place. They're hooked.
Thing is when they do have a 'win' eventually and prices come down considerably for whatever reason, they'll probably stick to their old form and not buy, hence loosing all the 'winnings'.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
How so? The Govt is actually making money from HTB.
So what, the government makes money every time you buy a packet of fags? The government are ruled by events in the US, the rest of the world (which isn`t looking too clever right now?) and the bond markets, and they are actually borrowing a lot more money than they are "making"? (unless you count the print run at Debtneedle Street)0 -
It's a form gambling. They make a perceived loss, regret it and chase the loss doing the same thing that made it in the first place. They're hooked.
Thing is when they do have a 'win' eventually and prices come down considerably for whatever reason, they'll probably stick to their old form and not buy, hence loosing all the 'winnings'.
2009 is the perfect example of that.0
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