House price rise boosts British wealth

cells

Graham_Devon wrote: »

So basically, you are right, unless proven wrong.

yes

But you won't even look at the evidence....in this case watch the TV programme.

when did a TV program outscore the ONS or the annual reports of house builders?

According to you, without having a clue what was said, they are wrong, whatever they stated and whatever government documents they had uncovered? The FOI requests were wrong? The 3 physical housing standing where its stated 16 were built, is wrong?

I did not call them wrong, I said your conspiracy theory of massively over reported house building is a joke

Secondly, it's up to me to disprove your own made up figure of £3m homes? Not for you to prove your figure of £3m homes? You are right unless I spend my time to prove your own statement wrong?

whats with the £pund£ symbol? What I said was that about 3 million (units) homes were built since 2000. The actual figure is about 2.7 million according to the ONS.

You then bizarly claimed its all a conspiracy theory that nowhere near that number have been built and even a million was far too high a number

I then pointed out that just the top 10 builders build about 70,000 a year and you again went to quote some TV segment

So the builders annual reports are all faked
The ONS information is faked
Some bint on the TV looking at a site and holding a piece of paper has uncovered the conspiracy theory. right?

It's normally up to the person stating fact to prove said fact, not for everyone else to run around proving them wrong.

I didn't realise things had changed. Pardon me.

You dismissed offical stats and the reports of builders and claim a TV program has uncovered a huge conspiracy theory and I need to prove the TV program wrong?

get real, here is the ONS data

https://www.gov.uk/government/statistical-data-sets/live-tables-on-house-building

im sure you can google the annual reports of the big builders


:T

Graham_Devon

Welcome back chucky.

Graham_Devon

westernpromise wrote: »

This place really has become the polar opposite of the HPC forum.

If so, good. That would be a good place to be. The opposite of frothing pottiness has to be an improvement.

The polar opposite simply means the other end of the scale.

Absolute confirmation that everything you believe it correct, won't let it be questioned, go off on huge, hundreds of word rants to try and explain positions and if that doesn't work, just label everyone who disagrees in order to ignore them.

Look at the stuff regarding crash trolls for instance. That's past the point of obsessional, as is the "people don't need to save any longer, they will get an inheritance" stuff. Pure delusion and written with the sole aim of convincing ones self.

Everyone who disagrees with any of this has been drowned out, myself included, but decided to pop back today. You claim people have given up because they were wrong, failing to see that they have given up because they are bored of the same old stuff written without any reason or any allowance for reason.

Everything you write about HPC - if you will allow yourself, examine this place. It's been taken over by the very same nonsense, just with the opposite belief.

System

Are you 2 really arguing because one of you thinks it's £3m houses and one thinks it's 3m houses? smh

cells

Graham_Devon wrote: »

The polar opposite simply means the other end of the scale.

Absolute confirmation that everything you believe it correct, won't let it be questioned, go off on huge, hundreds of word rants to try and explain positions and if that doesn't work, just label everyone who disagrees in order to ignore them.

Look at the stuff regarding crash trolls for instance. That's past the point of obsessional, as is the "people don't need to save any longer, they will get an inheritance" stuff. Pure delusion and written with the sole aim of convincing ones self.

Everyone who disagrees with any of this has been drowned out, myself included, but decided to pop back today. You claim people have given up because they were wrong, failing to see that they have given up because they are bored of the same old stuff written without any reason or any allowance for reason.

Everything you write about HPC - if you will allow yourself, examine this place. It's been taken over by the very same nonsense, just with the opposite belief.

Confirmation bias is not as strong here simply because the position of a housing bull is someone who thinks prices will be flat or go up. That means even if prices are flat they are happy, hell even when they go down the housing bulls dont blame anyone. The position of the crash wisher is that prices must fall at least 20% and hopefully much much more. Importantly they get confused angry and !!!!ed off when it does not happen even a flat market makes them angry

Everyone who disagrees with any of this has been drowned out, myself included

a forum is likely to tend one way or another as the debate influences those undecided to lean for one side. I dont think this forum is particularly bullish on property prices even many of the landlords here think prices in London are high and could possibly stagnate for a long time

I will also add that the housing market in the UK is at least 11 regions. The crash wishers need to make it clear what region they are talking about. Most of them simply think housing is a bubble full stop. No need considering that a Terrace in Hackney is up £420,000 on the decade while one in Stoke is down £4,000 they are both bubbles based on the same evil conditions they cry when clearly stoke is not in a bubble its down right cheap. If the crash wishers could at least start by accepting that its not a bubble everywhere then they can think more clearly

cells

Joeskeppi wrote: »

Are you 2 really arguing because one of you thinks it's £3m houses and one thinks it's 3m houses? smh

No we were not arguing at all.

I was ridiculing his assertion that the stats for new builds are faked, that the Office For National Statistic and the government and all the public listed house builders are putting out fake data to fool people into thinking many more homes are being built than they are. All based on some TV program he watched

And then he has a moan and says 'Everyone who disagrees with any of this has been drowned out' :rotfl:

System

BobQ wrote: »

Utter ruubbish. Unless you want to return to cave dwelling we need houses. A house has a value because someone is willing to pay for it.

If your point is that builders/planners have made houses more expensive by restricting their supply, I agree that there is some truth in that. But we still have a demand for housing and it will always have an intrinsic value for as long as we live in them. This is not imaginary and how you can blame the Bank of England (let alone a foreign central bank) for the UK housing cost beggars belief.

Please stop assuming people's posts. I understand that a house has a value but the value is based on the current financial climate. There will always be a buyer's demand out there due to restricted housing supply and high levels of immigration.

Have a look at some of BoE minutes from their monthly meeting (found on their website).

The housing market is just like the stock market, prices may go up or down.

System

wotsthat wrote: »

No, it's real wealth. I assume you're an active house hunter and you'll know therefore just how real it is.

It may rise and and it may fall but if you're waiting for a new monetary system before buying you'll be renting a long time.

I am talking about gained wealth being imaginary. It's only real wealth when the property is sold. The housing market is just like the stock market. I see the gains on my investments only as paper gains until I cash them in. Values may go up or down.

I am not active house hunter yet, I am waiting for the next downturn (it's already at the door) as I am a firm believer in linear business cycles. Also I am seeing how the BTL market rides the storm. I am not a fan of LLs, if you can't beat them, join them in the ranks. I am happy living in married quarters and paying reduced rent for the meantime.

Reference monetary systems, they change systems every few years just about.

angela_hayes

I haven't watched it either but will. I also haven't much of an idea about what you are arguing but hope too if you put it in simpler terms. All I know is this, I have been selling my home (sold in 10 days Birmingham area) and I have to buy another. It has been nothing short of a nightmare. THERE IS A MASSIVELY SHORT SUPPLY of properties. Should my sale go through (and I don't want to jinx it) I am in the fortunate position of being a cash buyer. It isn't like I will be at the bottom end of the market but this situation has just had me in tears. There are over inflated prices for mediocre properties and this is in the West Midlands Birmingham area. My heart goes out to young families and young people trying to get their foot on the ladder. At the current time, I have made appointments for viewings and they are sold before I can get there. This suggests that the guy on here who is trying to say that the government have lied and not built properties to overcome this problem (I think that is what he is saying) could be accurate. I think you all got a bit to high brow for me and I have a lot of house to pack and haven't the time to unpick the argument. All I know is that demand is totally outstripping supply and prices are over inflated hence measure of wealth but the bubble has to burst one day and people who have spent their last dime for a decent home will be the losers. We have been screwed and I don't think Joe Public has caused this scenario. Good luck to us all and go bless.

System

I agree with your post. Well said.