Will the next generation be able to buy their own house?

Herzlos

AG47 wrote: »

It’s not wages going up, it’s the fiat currency coming down, this is how the correction will come.

You'll need to walk me through that one.

westernpromise

Herzlos wrote: »

You'll need to walk me through that one.

Jews, probably.

Bury tins of baked beans in the garden.

AG47

Herzlos wrote: »

You'll need to walk me through that one.

The fiat currency supply is being expanded exponentially and prices of everything are manipulated to delay hyperinflation

Herzlos

Right, so if that corrects whilst everything else stays the same, then nothing will change but the numbers?

AG47

Herzlos wrote: »

Right, so if that corrects whilst everything else stays the same, then nothing will change but the numbers?

You dont understand

At the moment everything is manipulated absolutely everything. But some things more than others.

When the manipulation end, everything will correct to true value, and sometimes overshoot on the correction

lisyloo

Why do you think the manipulation will end?

The Bank of England and parliament are there to exactly so that.
Admittedly they’ve had their eye off the ball recently but it’s not ever going to end.

Herzlos

AG47 wrote: »

You dont understand

At the moment everything is manipulated absolutely everything. But some things more than others.

When the manipulation end, everything will correct to true value, and sometimes overshoot on the correction

None of that means anything. What's being manipulated by what and what catalyst is going to change it?
Then what's that going to do with either fiat currency or property values? Property values are almost entirely restricted by the mortgage multipliers applied to peoples salaries whether that's in 2019 GBP, 2020 GBP or shiny pebbles.


The only way house prices will drop by any significant margin is if peoples salaries drop, and I can be pretty sure that when that happens, you'll be at least as stuffed as you are now. The only people who can benefit from a property price crash are (ironically) those who already have a lot of money in property/cash and don't need a crash.

AG47

Markets that are distorted always correct eventually, the longer and more distorted they get the more violent and uncontrolled the correction when it comes

lisyloo

AG47 wrote: »

Markets that are distorted always correct eventually, the longer and more distorted they get the more violent and uncontrolled the correction when it comes

It’s not distorted.
We are continuing to get 1 million people into the country every 3 years.
Houses will go to the highest bidder.
That’s not a distortion it’s supply and demand in action.

The distortion is that we aren’t building anywhere near enough homes for the extra population.

The house price to earnings ration has changed mainly because of changes in interest rates.

AG47

lisyloo wrote: »

It’s not distorted.
We are continuing to get 1 million people into the country every 3 years.
Houses will go to the highest bidder.
That’s not a distortion it’s supply and demand in action.

The distortion is that we aren’t building anywhere near enough homes for the extra population.

The house price to earnings ration has changed mainly because of changes in interest rates.

It doesn't matter how many people come to the uk, all that matters is how many can raise the fund needed to be able to buy.

By your logic if you look at a refugee camp, you could argue there is huge demand and very little supply, home prices hve to go up.