Perma prop bulls, are there any left?

MobileSaver

AG47 wrote: »

There are two camps those who think property will never have a correction, the perma prob bulls on here, and those who think property will have a correction the more level headed normal people.:)

I'm not sure I've seen anyone on here say property will never have a correction.

There are two camps though; normal level headed people who think prices will go up a bit and down a bit from time to time but ultimately steadily rise while there is this ever increasing supply and demand issue, and those who are convinced prices are about to crash 50%+ (mainly based on the fact they can't afford the house they want in the area they want rather than any rational economic reason.)

System

AG47 wrote: »

the perma prob bulls on here

Name one...

chucknorris

Joeskeppi wrote: »

Name one...

He'd probably name me, I hope that he does, and if so, I can easily come up with a load of links to my previous posts stating that (in real terms) I think London property has probably peaked. These 'perma bulls' mostly exist only in the minds of 'perma goons'.

westernpromise

Conrad wrote: »

Permabears get off on spreading doom

I prefer the term "crashtrolls" myself.

padington

Didn't somone in the the Bank of England just admit property will still be a better bet than pensions and today one of them just let slip ongoing low interest rates and endless QE is the new paradigm and is here to stay ?

lisyloo

padington wrote: »

Didn't somone in the the Bank of England just admit property will still be a better bet than pensions and today one of them just let slip ongoing low interest rates and endless QE is the new paradigm and is here to stay ?

Andy haldane admitted that he was unable to understand pensions.
I don't think that's a good basis for making any predictions.

I do think prices will continue to rise whilst we have increasin demand and no significant increase in supply.
We seemed to have dealt with Hiv, bird flu, Ebola, zika, brexit very well without the world coming to an end.

In my case what I want conflicts with what I think is likely to happen.

I continue to believe that a diversified portfolio is the best way to go.

westernpromise

padington wrote: »

Didn't somone in the the Bank of England just admit property will still be a better bet than pensions and today one of them just let slip ongoing low interest rates and endless QE is the new paradigm and is here to stay ?

Some of us spotted that some years ago.

AG47

There are hardly any real perma prop bulls left

padington

There's a 168 cities in China, population size of Bristol or bigger and the prevailing wisdom there is that the Uk is a very wise place to buy a second home.

http://www.theguardian.com/cities/2016/sep/29/inside-china-passion-foreign-property-investment-uk?CMP=Share_iOSApp_Other

lisyloo

padington wrote: »

There's a 168 cities in China, population size of Bristol or bigger and the prevailing wisdom there is that the Uk is a very wise place to buy a second home.

http://www.theguardian.com/cities/2016/sep/29/inside-china-passion-foreign-property-investment-uk?CMP=Share_iOSApp_Other

Is it possible or likely that our government will take steps to ensure that natives have a chance of buying a home?
For example Sadiq Khan is starting an investigation into the extent of effect of foreign ownership in London presumably with a view to doing something about it.
I welcome both the move in the right direction and the fact that he's trying to understand the issue before acting.

The known unknown that you can never plan for is government intervention.