House prices at least 20% too high

hearts

I don't fear a crash. I would rather there wasn't one but I have nothing to fear from one. I just don't see any sign of one. I'm only posting my opinion to balance out the constant posts on every other thread by the HPC fanatics.

Turnbull2000

hearts wrote: »

I don't fear a crash. I would rather there wasn't one but I have nothing to fear from one. I just don't see any sign of one. I'm only posting my opinion to balance out the constant posts on every other thread by the HPC fanatics.

Why don't you back up your opinion with some reasoning?

At least these 'fanatics' have real substance behind their views...

Romani_Ite_Domum

"There's none so blind as he who will not see."

tomstickland

hearts wrote: »

Its not me who is predicting the fututre. Surely the tealeaf readers are the HPC lot. They have been predicting the future for years now ( and been wrong ever since) I take it, it is these people who are thanking you for your ridiculous post. I base my opinions only on what I see and I see no crash.

The "HPC lot" are predicting the future. For you to strongly disagree with them means that you must have your own prediction for the future.

Please point out what is ridiculous about my posts.

tomstickland

A trend I have noticed is for even mild questioning of house prices to receive semi-abusive replies from a small band of people who are determined that prices must not be questioned in any case.

How can that be ridiculous when it is something I have observed on MSE over 18 months?

izzybusy23

hearts wrote: »

I don't fear a crash. I would rather there wasn't one but I have nothing to fear from one. I just don't see any sign of one. I'm only posting my opinion to balance out the constant posts on every other thread by the HPC fanatics.

Why do you keep bashing the HPC fanatics? I happen to frequent that website and although they have been off with their predictions, everything they have said for the past six months is coming to fruition.

If you have to keep bashing the HPC brigade then I would say you are fearful of what they discuss.

BTman

Or just ignorant..

I'm off to watch dispatches on C4

movingforward2010

i really do think that the housing crash is a self-fulfilling prophecy.

'a prophecy declared as truth when it is not — may sufficiently influence people, either through fear or logical confusion, so that their reactions ultimately fulfill the false prophecy'

keeperbear

Turnbull2000 wrote: »

Why don't you back up your opinion with some reasoning?

At least these 'fanatics' have real substance behind their views...

I haven't seen zero substance for claims of house prices crashing. Even this BBC article about housing being "20% overvalued" contains a quote from a Deutsche Bank employee that contradicts the main headline.

The HPC doomsters are just as boring as HPI bulls. At least the HPI bulls have been correct during the last two years. In contrast, the HPC doomsters have been very wrong for years now and many will never admit their failings.

Romani_Ite_Domum

wxmlad wrote: »

i really do think that the housing crash is a self-fulfilling prophecy.

'a prophecy declared as truth when it is not — may sufficiently influence people, either through fear or logical confusion, so that their reactions ultimately fulfill the false prophecy'

Excellent description of the recent house market boom.