So no higher than 2004 then!

The-Joker

Crashy_Time wrote: »

Are you trying to say that the biggest credit boom in history, with the general public having access to more credit than ever before is somehow the same as the things we have already seen and is not uncharted waters?

Good point, the bigger the boom the bigger the bust!!!!!!!!

Jack_Johnson_the_acorn

ukcarper wrote: »

I'm saying that prices have boomed as much in the past if it's all down more credit why did home ownership hardly rise in the 90s and fall between 2000 and 2011

His tiny little brain is going to explode if you keep this up.....

caronoel

brit1234 wrote: »

So if interest rates rose to 5%, QE and all elements of funding to lending ended, help to buy disolved then the so called shortage of property would keep the bubble inflated at today's prices?:rotfl:

Didn't you predict in 2009 that prices would fall 50% by Christmas?

How did that work out?

:rotfl:

Crashy_Time

ukcarper wrote: »

I'm saying that prices have boomed as much in the past if it's all down more credit why did home ownership hardly rise in the 90s and fall between 2000 and 2011

Did people have more debt in the 90`s, or the 2000`s?

ukcarper

Crashy_Time wrote: »

Did people have more debt in the 90`s, or the 2000`s?

Do you not understand the percentage of home owners hardly increased in the 90s and fell in the 2000s. A lower percentage of people now own so the increase on credit has not increased home ownership.

Crashy_Time

ukcarper wrote: »

Do you not understand the percentage of home owners hardly increased in the 90s and fell in the 2000s. A lower percentage of people now own so the increase on credit has not increased home ownership.

A lower % of people now own than when?

Crashy_Time

http://www.telegraph.co.uk/finance/personalfinance/houseprices/10005586/Home-ownership-falls-for-first-time-in-a-century.html




Is it this sad excuse of a MORE BORROWING NEEDED story that you are quoting from UKCarper?


You said that prices have "boomed as much in the past" so maybe you could cut and paste some historical house prices as multiples of earnings data please?

ukcarper

Crashy_Time wrote: »

A lower % of people now own than when?

Lower now than 1991

ukcarper

Crashy_Time wrote: »

http://www.telegraph.co.uk/finance/personalfinance/houseprices/10005586/Home-ownership-falls-for-first-time-in-a-century.html




Is it this sad excuse of a MORE BORROWING NEEDED story that you are quoting from UKCarper?


You said that prices have "boomed as much in the past" so maybe you could cut and paste some historical house prices as multiples of earnings data please?

That's the graph which is an ONS graph

http://www.ons.gov.uk/ons/rel/census/2011-census-analysis/a-century-of-home-ownership-and-renting-in-england-and-wales/short-story-on-housing.html

Crashy_Time

ukcarper wrote: »

Lower now than 1991

`91 was the epicentre of the council house sell off, so ownership was heading upwards then, the fall back now is simply that houses are too expensive and need to crash for this trend to continue upwards again. Excess credit has made houses too expensive and they need to crash (and debt be written off) before the banks could ever lend like they did previously.