Martin Lewis on Question Time tonight

Bass_9

Good evening all :j

I'm interested to hear what everyone thought about his comments on FTB's, high house prices and... avacados!

I thought his point about the celebration of rising house prices was quite interesting.

datlex

I did like the comment on house prices going up being celebrated. He's totally right as a FTB (fortunately in an error where there is property I can afford) it is annoying the way prices increase.

Crashy_Time

Bass_9 wrote: »

Good evening all :j

I'm interested to hear what everyone thought about his comments on FTB's, high house prices and... avacados!

I thought his point about the celebration of rising house prices was quite interesting.

Especially since that "celebration" is rampant among many posters on here :T

Cornucopia

I thought his comments on celebrating house price rises were a little naive. Celebrating a price rise in an asset you own may be crass, but it isn't stupid. He was right that many/most people never extract or exploit the increased value of their homes, but a lot of people do.

HPI just is - it is a feature of the way the UK housing market works, and our desire to create more and more households.

Crashy_Time

Cornucopia wrote: »

I thought his comments on celebrating house price rises were a little naive. Celebrating a price rise in an asset you own may be crass, but it isn't stupid. He was right that many/most people never extract or exploit the increased value of their homes, but a lot of people do.

HPI just is - it is a feature of the way the UK housing market works, and our desire to create more and more households.

That is because many can`t find a buyer at a price they want


Many people will never extract the value that they think is there, simply because no one is going to buy it at that price.


"HPI just is..."? HPI is a function of many things, including interest rates, and when they rise...Pop!...it`s gone

Nick_C

I think he is danger of damaging his reputation for impartiality when he takes part in political discussions.

buggy_boy

Crashy_Time wrote: »

Especially since that "celebration" is rampant among many posters on here :T

I have not seen anyone "celebrate" high house prices, its only you that have been doom mongering about a crash for years... Most on here understand house prices are particularly high at the moment and are unlikely to keep rising in the way they have over the last few years...

buggy_boy

Nick_C wrote: »

I think he is danger of damaging his reputation for impartiality when he takes part in political discussions.

To be fair I think its kind of impossible for him to completely stay out of politics considering so much of finance and what he does is about taxes and government policies... Always found though that he has never picked any particular party

Cornucopia

Crashy_Time wrote: »

That is because many can`t find a buyer at a price they want

No, I was referring to sales made. Many/most people use their HPI equity to buy their next property - which has also an HPI-inflated price.

"HPI just is..."? HPI is a function of many things, including interest rates, and when they rise...Pop!...it`s gone

We've had significant HPI for many, many years now. (I set out in the early 90s to exploit it, and have done pretty well). It has certainly survived boom and bust periods, and interest rates at various levels.

I appreciate that you are waiting for "the big crash", but it may never come (not this side of a Zombie Apocalypse, anyway).

Crashy_Time

buggy_boy wrote: »

I have not seen anyone "celebrate" high house prices, its only you that have been doom mongering about a crash for years... Most on here understand house prices are particularly high at the moment and are unlikely to keep rising in the way they have over the last few years...

That is a turnaround for many though, and it is interesting to see some posters move from "Yay, low rates forever!" to "Umm, most people will hang on to their house even with rates at..X!" :rotfl:

buggy_boy

Crashy_Time wrote: »

That is a turnaround for many though, and it is interesting to see some posters move from "Yay, low rates forever!" to "Umm, most people will hang on to their house even with rates at..X!" :rotfl:

I think you need to get checked out, never have I ever seen a post saying anyone thinks rates will be low forever, please I challenge you to find a post that says that...