London house prices continuing to fall, says Rics

Crashy_Time

chucknorris wrote: »

You are showing just how naïve you are here, you probably think that you are on solid ground saying that, because the ftse 100 is still below its 1999 level. However what you are not taking into account is the dividend income, but more importantly, investing over time means that you would have seen substantial profits from investing when the market was down from 2008 onwards, some investors will target those times as 'time to get stuck in'. Additionally the 250 and allshare indices passed their previous highs some time ago.

How many people that piled into property even understand what you said do you think? You are naïve beyond help I`m afraid.

Generali

mobfant wrote: »

A crash means property would be affordable for many more

Surely a crash means that people can't afford to pay current prices. Crashes in house prices are associated with high interest rates and high levels of unemployment, neither of which are likely to help people buy a home.

I suspect you're better off holding on to your job with house prices where they are than house prices falling and you being unemployed.

chucknorris

Generali wrote: »

Surely a crash means that people can't afford to pay current prices. Crashes in house prices are associated with high interest rates and high levels of unemployment, neither of which are likely to help people buy a home.

I suspect you're better off holding on to your job with house prices where they are than house prices falling and you being unemployed.

The crashaholics never seem to understand this, they seem incapable of comprehending that house prices fall due to prevailing economic conditions. They seem to think that their personal economic circumstances can be flourishing during a house price crash. Whilst it is of course possible for a minority, it just isn't possible for the majority.

chucknorris

Crashy_Time wrote: »

How many people that piled into property even understand what you said do you think? You are naïve beyond help I`m afraid.

So I am naïve because you can't understand what I 'stated' in my post? :rotfl: I know that you stated that others wouldn't understand, but they obviously would have (it isn't a complicated concept), so that just leaves you. If your wealth is stored in cash, which you have stated several times previously that it is in other posts, then I am afraid that it is you who is naïve, but you are of course shielded by your ignorance. If you don't think that it is a mistake to hold your wealth in cash in the long term, try going on to the savings and investments forum board and explain why you do so, I guarantee that you will soon be shot down.

padington

Decline in UK house building accelerates ...

http://www.theguardian.com/business/2015/mar/13/decline-uk-housebuilding-drop-off-construction-ons-output-mortgage-approvals

IronWolf

I live in Westminster and there are blocks of flats being thrown up everywhere, no shortage of housebuilding here apparently. I guess it depends what area of the country you're living in. Some areas of London are in a realm of their own.

theEnd

There's huge amounts of house building going on in London. I refuse to believe the stats.

(probably not great quality, but plenty of units).

Generali

theEnd wrote: »

There's huge amounts of house building going on in London. I refuse to believe the stats.

(probably not great quality, but plenty of units).

There's a difference between area stats and national stats: it's possible for you and them to be right.

purch

Generali wrote: »

it's possible for you and them to be right.

...and the other bloke too :eek:

Crashy_Time

chucknorris wrote: »

So I am naïve because you can't understand what I 'stated' in my post? :rotfl: I know that you stated that others wouldn't understand, but they obviously would have (it isn't a complicated concept), so that just leaves you. If your wealth is stored in cash, which you have stated several times previously that it is in other posts, then I am afraid that it is you who is naïve, but you are of course shielded by your ignorance. If you don't think that it is a mistake to hold your wealth in cash in the long term, try going on to the savings and investments forum board and explain why you do so, I guarantee that you will soon be shot down.

The point I was making is that the average person just looks at the headline rate - How much can I borrow, What is the monthly payment etc. and most would consider property their main investment. The trouble with property is that is much more difficult to sell than a share or a stake in the FTSE. If you think I am only in cash then you are doubly naïve.