What would cause negative HPI in London

nickyg2000

Ain't Gona happen buddy! It's a rigged market. If it dips see rates go negative, more help to buy esc schemes etc. 25% gifted deposit from the gov for first time buyers. Happened in oz just wait and see. They need private debt to increase for our economy to grow

lisyloo

How about an anit-biotic apocalypse? I think that's suitably emotive :-)
We are on the cusp of a post anti-biotic era according to the BBC.

This could work in 2 ways.
Both population decline, but also less popularity of living in crowded places if infection might result in death.

chucknorris

TheCountofNowhere wrote: »

House prices are already going down in London

Have you ever considered taking the red pill?

Generali

nickyg2000 wrote: »

Ain't Gona happen buddy! It's a rigged market. If it dips see rates go negative, more help to buy esc schemes etc. 25% gifted deposit from the gov for first time buyers. Happened in oz just wait and see. They need private debt to increase for our economy to grow

Where in Australia was there a 25% gifted deposit from the Government? The FHOG is administered on a state and territory basis not a Federal one.

MobileSaver

TheCountofNowhere wrote: »

All propaganda

The only propaganda is that which comes from HPC... and even there the zealots are losing faith after more than a decade of HPC being provenly wrong.

chucknorris

MobileSaver wrote: »

The only propaganda is that which comes from HPC... and even there the zealots are losing faith after more than a decade of HPC being provenly wrong.

When was that website started? It must be a few years more than a decade by now?

MARTYM8`

Blacklight wrote: »

Not sure you understand negative cost.

I am sure people spending huge proportions of their income on rents and mortgages and holding back funds that would otherwise be spent in the economy to fund large deposits for buying property does have a negative impact on the wider economy.

If you spend all your money on putting a roof over your head – or saving to pay for a roof over your head – you are spending less in the economy and also have less money to save for the long term (e.g. into a pension). That hits every other sector – although its great no doubt for banks/estate agents/developers.

Maybe that’s why the two wealthiest nations in Europe – Germany and Switzerland – have the lowest levels of home ownership?

CLAPTON

MARTYM8` wrote: »

I am sure people spending huge proportions of their income on rents and mortgages and holding back funds that would otherwise be spent in the economy to fund large deposits for buying property does have a negative impact on the wider economy.

If you spend all your money on putting a roof over your head – or saving to pay for a roof over your head – you are spending less in the economy and also have less money to save for the long term (e.g. into a pension). That hits every other sector – although its great no doubt for banks/estate agents/developers.

Maybe that’s why the two wealthiest nations in Europe – Germany and Switzerland – have the lowest levels of home ownership?

for everyone paying a large mortgage there is some-one receiving the money (and hint it is not the banks money, they borrow from some-else)

and what about the other rich countries that have higher home ownership?

chucknorris

lisyloo wrote: »

How about an anit-biotic apocalypse? I think that's suitably emotive :-)
We are on the cusp of a post anti-biotic era according to the BBC.

This could work in 2 ways.
Both population decline, but also less popularity of living in crowded places if infection might result in death.

Sounds a lot like the Omega Man, I loved both versions of it, but sometimes when I see a dog in a movie, I just know that I am in for a very sad ending. My first thought of the re-make is that his dog died, it reduced the enjoyment of the film for me.

BobQ

chucknorris wrote: »

There is as much chance of either of those things happening as the PM sticking his private parts into a dead animal.

That likely you think? The question was what would make it happen not whether it was likely.:D