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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
    Philuk wrote: »
    Do you actually live in London or you are just trolling? As if it needed to go the same extreme as the Tokyo example (if your figure are actually any true...) to define a bubble

    he was just being pedantic
    i said that we're in the biggest bubble in the history of property bubbles
    i should have said in the history of london property bubbles
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    AndyGuil wrote: »
    The average FTB ratio in London is similar to the rest of the UK. The market has a concentration of people and jobs which coupled with low supply has resulted in these prices. It is a highly desirable place to live. There are many buyers trying to get a property and this won't change. (I live in London BTW).

    not any more!
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    AndyGuil wrote: »
    London has the lowest debt to value in the UK at 22% debt to value. You don't get much further away from a bubble than that!

    do you need to have debt to be in a bubble??
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Bubble_and_Squeak wrote: »
    not any more!

    I would call 16 buyers for each property with a demand for further housing much greater than is currently built low supply. It is the introduction of new stock, ignore existing stock that is almost entirely occupied.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Bubble_and_Squeak wrote: »
    he was just being pedantic
    i said that we're in the biggest bubble in the history of property bubbles
    i should have said in the history of london property bubbles

    In 1972 prices increase 40%
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Bubble_and_Squeak wrote: »
    do you need to have debt to be in a bubble??

    Yes. 100% yes. Tokyo and every other bubble was caused by super high debt levels like nothing we have seen in London. The total market debt as high as value is when you need to be worried.
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    AndyGuil wrote: »
    Yes. 100% yes. Tokyo and every other bubble was caused by super high debt levels like nothing we have seen in London. The total market debt as high as value is when you need to be worried.


    I don't think the newcomers from HPC actually understand what a bubble is.... They seem to throw sound bites around Willy nilly without even a basic grasp of their meaning. E.g ponzi, hpi addict etc.

    It's good to hear opposing views, but not when their opinions are put across so poorly.
  • Bubble_and_Squeak
    Bubble_and_Squeak Posts: 1,165 Forumite
    AndyGuil wrote: »
    Yes. 100% yes. Tokyo and every other bubble was caused by super high debt levels like nothing we have seen in London. The total market debt as high as value is when you need to be worried.

    and foreign investors buying up new build flats pushing the prices up to levels no native to ever hope to afford is not a bubble?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Bubble_and_Squeak wrote: »
    and foreign investors buying up new build flats pushing the prices up to levels no native to ever hope to afford is not a bubble?

    High prices do not necessarily = a bubble.

    If price rises are caused by a genuine shortage of supply then it is by definition not a bubble.

    You can't determine a bubble by the level of prices alone.
    “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”
  • Jack_Johnson_the_acorn
    Jack_Johnson_the_acorn Posts: 1,333 Forumite
    HAMISH_MCTAVISH wrote: »
    High prices do not necessarily = a bubble.

    If price rises are caused by a genuine shortage of supply then it is by definition not a bubble.

    You can't determine a bubble by the level of prices alone.

    If he can't afford to buy what he wants it's a bubble.... If prices increase then its a bubble, if asking prices get redcuced that proves sold prices are crashing (even if they sell for more than the previous sale)
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