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Debate House Prices
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Paul Hodges: UK house prices to fall 50% in global ‘Great Unwinding’
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Isn't it true that most asset classes do drop up to 50% every few decades, property is likely next.HTB = Help to Bubble.0
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Killerseven wrote: »Too late, only one side of the fence here. Dare you consider there re to sides.
Seriously? You wait four months then bump your own thread?Killerseven wrote: »Isn't it true that most asset classes do drop up to 50% every few decades, property is likely next.
There are two big differences between housing and most other asset classes...
1. with housing, supply and demand are totally out of whack with equilibrium.
2. People need shelter in a way that they don't require gold, silver or pork bellies. We all need a roof over our head. There is no substitute for a roof over ones head. That makes house prices far less elastic than for other items.
There is no way you are going to see widespread 50% falls in this country unless it totally goes to the dogs and we have bigger problems to deal with.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Killerseven wrote: »Isn't it true that most asset classes do drop up to 50% every few decades, property is likely next.
No.
Can you provide a few examples ?'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Killerseven wrote: »Isn't it true that most asset classes do drop up to 50% every few decades, property is likely next.
Assets such as...0 -
Landofwood wrote: »Assets such as...
our dear chum, brit1234, reckons that house prices will drop 50% by Christmas 20090 -
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Landofwood wrote: »I don't care, go away.
This witty retort suggests you've not yet figured out the concept of "Debate house prices", have you?
Oh well......0 -
Similar things were said about banks a decade ago. It was widely regarded that if circumstances arose where your savings and bank shares were at serious risk then that would only be the tip of the iceberg. Well savings were partially protected but banks shares.......vivatifosi wrote: »There is no way you are going to see widespread 50% falls in this country unless it totally goes to the dogs and we have bigger problems to deal with.0 -
Similar things were said about banks a decade ago. It was widely regarded that if circumstances arose where your savings and bank shares were at serious risk then that would only be the tip of the iceberg. Well savings were partially protected but banks shares.......
Mug punters in cash did better than investors in bank shares - How often do you think that happens? Once every couple of generations?
Exceptions don't make rules.0
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