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Debate House Prices


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Properties with the biggest drops in prices

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Comments

  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    Joeskeppi wrote: »
    I remember people making this witty quip in 2009.

    i thought you lot are supposed to be money saving experts?
    and you can't even recognise a bubble despite the fact that its the biggest one in the history of property bubbles.
    i know, i know, its different this time...
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Bubble_and_Squeak wrote: »
    and you can't even recognise a bubble despite the fact that its the biggest one in the history of property bubbles.

    You really don't know the history of property bubbles....

    At the peak of the Japanese bubble in 1989, the Chairman of Sony could not afford to buy a house in Tokyo, and the land under the Emperor's palace was valued at more than the entire state of California. Or about twice the UK.

    History is littered with examples of proper bubbles, house prices at 80 or 100 times average earnings......

    London today is nowhere near bubble territory, and the rest of the UK is even further away.
    “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”
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    Bubble_and_Squeak wrote: »
    i thought you lot are supposed to be money saving experts?

    Yes, that's why I'm saving lots of money by buying at the right time and not urinating money away on rent.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    HAMISH_MCTAVISH wrote: »
    You really don't know the history of property bubbles....

    At the peak of the Japanese bubble in 1989, the Chairman of Sony could not afford to buy a house in Tokyo, and the land under the Emperor's palace was valued at more than the entire state of California. Or about twice the UK.

    History is littered with examples of proper bubbles, house prices at 80 or 100 times average earnings......

    London today is nowhere near bubble territory, and the rest of the UK is even further away.

    you know what i mean
    was referring to the uk
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    Joeskeppi wrote: »
    Yes, that's why I'm saving lots of money by buying at the right time and not urinating money away on rent.

    is money the measure of a man?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Bubble_and_Squeak wrote: »
    was referring to the uk

    You may have a different definition of "biggest" than the rest of us then.

    homepage.png

    And probably a different definition of "bubble" too.
    “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”
  • System
    System Posts: 178,374 Community Admin
    10,000 Posts Photogenic Name Dropper
    Bubble_and_Squeak wrote: »
    is money the measure of a man?

    What does this have to do with my money saving expertness?
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    HAMISH_MCTAVISH wrote: »
    You may have a different definition of "biggest" than the rest of us then.

    homepage.png

    And probably a different definition of "bubble" too.

    sigh
    you know what i mean
    london
    20% HPI
    how is that not a bubble?
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    Joeskeppi wrote: »
    What does this have to do with my money saving expertness?

    "Yes, that's why I'm saving lots of money by buying at the right time and not urinating money away on rent."

    this statement
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    you're gonna love this one, saggy

    http://www.rightmove.co.uk/property-for-sale/property-31767471.html

    its been on the market for nigh on 4 weeks, had £45k (20%ish) hacked off the asking price and they have the audacity to say
    "Early viewing is highly recommended due to the property being realistically priced."
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