Boris announcement on new deposit scheme?

Crashy_Time

MobileSaver said:

Crashy_Time said:

MobileSaver said:

For the avoidance of doubt is Sky News now your "go to" expert on house prices?

Be honest, when the likes of SKY news are openly saying it is a bubble,

A Sky News article from just last week:

Sky News: Housing market has boomed

Sky News said on 12th October 2020 "Despite the UK going into recession, the housing market has boomed"

What a great time to be and become a home owner!

Crashy_Time said:

MobileSaver said:

For the avoidance of doubt is Sky News now your "go to" expert on house prices?

the theory about the need for "sock puppets" discussed on here recently to put forward the idea that we are heading for a crash is pretty strange thinking

Are you honestly saying that someone like "nickstone" is not a sock puppet that will be banned within the next 48 hours just like all the similar sock puppets over the last few months?

What I said was that the discussion about me having to run multiple accounts to "convince" people not to buy (their bank does all that now, didn`t you know? LOL) was a laughable attempt by people desperate not to accept reality to prove that they are still right, so unless I run SKY News, The Times, The Guardian, and the EA portals as "sock puppets" they are wrong and just WAY out of touch, LOL.

https://www.estateagenttoday.co.uk/breaking-news/2020/10/market-shock--severe-correction-soon-for-london-as-most-of-uk-soars

The "sock puppet" that you mention was basically just saying the same as the media are pouring out every day into people`s living rooms, making the "Puppet Hunt" all the more ridiculous! Leave that to the sad cases who like tracking people`s internet postings from 10 years ago, LOL.
BTW I disagree with the EA, if London crashes many parts of the UK will follow IMO.

Crashy_Time

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

MobileSaver

Crashy_Time said:

The "sock puppet" that you mention was basically just saying the same as the media are pouring out every day into people`s living rooms, making the "Puppet Hunt" all the more ridiculous!

If that is the case then it does make you wonder why someone here feels the need to create all these sock puppets.

Similarly it seems particularly odd that you feel the need to reply and agree with obvious sock puppet posts; having a history of supporting so many banned accounts really does not do much good for your credibility does it?

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" ... Genuinely confused by your logic

It was tongue in cheek!

However I am genuinely confused by your logic; now that you have tacitly acknowledged that there won't be a house price crash after all, why haven't you bought a house yet? Is it simply that you can't afford one?

Salemicus

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

What does this have to do with it?

I agree with you that lower house prices would be a good thing. The government white paper loosening planning regulations is a good start, but they need to go much further. Unfortunately, in this area as with so many others, we are in a weird situation where the government is restricting supply (our absurd planning laws) and subsidising demand (HTB etc) and then people are confused as to why prices are unaffordable. Yes, it's bad for pretty much everyone. 

But whether high house prices are desirable has very little to do with whether house prices will fall. Peace in the Middle East would be desirable. Doesn't mean it will happen. The trajectory of house prices is set by supply and demand, not by how we would like prices to move.

You hop from foot to foot with your absurd claims, first claiming that prices are crashing, then that they will crash at some future unspecified point, then that they have already crashed but it's masked by volume, etc, etc, always refusing to give any specific predictions or stick to any one claim under serious scrutiny. And when under pressure, you retreat to this position - claiming that high house prices are a bad thing. And I believe this is the core of your position. You really, really want prices to crash, and therefore it must be about to happen, any day now. And so when people disagree that prices will fall, it must be because they want prices to be high. It couldn't possibly be a legitimate disagreement.

Crashy_Time

MobileSaver said:

Crashy_Time said:

The "sock puppet" that you mention was basically just saying the same as the media are pouring out every day into people`s living rooms, making the "Puppet Hunt" all the more ridiculous!

If that is the case then it does make you wonder why someone here feels the need to create all these sock puppets.

Similarly it seems particularly odd that you feel the need to reply and agree with obvious sock puppet posts; having a history of supporting so many banned accounts really does not do much good for your credibility does it?

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" ... Genuinely confused by your logic

It was tongue in cheek!

However I am genuinely confused by your logic; now that you have tacitly acknowledged that there won't be a house price crash after all, why haven't you bought a house yet? Is it simply that you can't afford one?

So the "Sock puppet" (LOL) said "There has been massive over-building in London", and I agreed, as would most people with even the smallest grain of common sense, and this appears to be the sort of conversation that you want banned or shut down? How would a London house price correction affect your house price, in an area with prices obviously affected for years by London Bubble Money?

Crashy_Time

Salemicus said:

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

What does this have to do with it?

I agree with you that lower house prices would be a good thing. The government white paper loosening planning regulations is a good start, but they need to go much further. Unfortunately, in this area as with so many others, we are in a weird situation where the government is restricting supply (our absurd planning laws) and subsidising demand (HTB etc) and then people are confused as to why prices are unaffordable. Yes, it's bad for pretty much everyone. 

But whether high house prices are desirable has very little to do with whether house prices will fall. Peace in the Middle East would be desirable. Doesn't mean it will happen. The trajectory of house prices is set by supply and demand, not by how we would like prices to move.

You hop from foot to foot with your absurd claims, first claiming that prices are crashing, then that they will crash at some future unspecified point, then that they have already crashed but it's masked by volume, etc, etc, always refusing to give any specific predictions or stick to any one claim under serious scrutiny. And when under pressure, you retreat to this position - claiming that high house prices are a bad thing. And I believe this is the core of your position. You really, really want prices to crash, and therefore it must be about to happen, any day now. And so when people disagree that prices will fall, it must be because they want prices to be high. It couldn't possibly be a legitimate disagreement.

So how much people can borrow has nothing to do with house prices, and neither does sentiment? Let`s see how things pan out when everyone knows someone who has made a loss with property.

spoovy

Ability to borrow and sentiment are clearly both factors of supply and demand.

Crashy_Time

Salemicus said:

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

What does this have to do with it?

I agree with you that lower house prices would be a good thing. The government white paper loosening planning regulations is a good start, but they need to go much further. Unfortunately, in this area as with so many others, we are in a weird situation where the government is restricting supply (our absurd planning laws) and subsidising demand (HTB etc) and then people are confused as to why prices are unaffordable. Yes, it's bad for pretty much everyone. 

But whether high house prices are desirable has very little to do with whether house prices will fall. Peace in the Middle East would be desirable. Doesn't mean it will happen. The trajectory of house prices is set by supply and demand, not by how we would like prices to move.

You hop from foot to foot with your absurd claims, first claiming that prices are crashing, then that they will crash at some future unspecified point, then that they have already crashed but it's masked by volume, etc, etc, always refusing to give any specific predictions or stick to any one claim under serious scrutiny. And when under pressure, you retreat to this position - claiming that high house prices are a bad thing. And I believe this is the core of your position. You really, really want prices to crash, and therefore it must be about to happen, any day now. And so when people disagree that prices will fall, it must be because they want prices to be high. It couldn't possibly be a legitimate disagreement.

What are your predictions?

tom9980

Crashy_Time said:

Salemicus said:

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

What does this have to do with it?

I agree with you that lower house prices would be a good thing. The government white paper loosening planning regulations is a good start, but they need to go much further. Unfortunately, in this area as with so many others, we are in a weird situation where the government is restricting supply (our absurd planning laws) and subsidising demand (HTB etc) and then people are confused as to why prices are unaffordable. Yes, it's bad for pretty much everyone. 

But whether high house prices are desirable has very little to do with whether house prices will fall. Peace in the Middle East would be desirable. Doesn't mean it will happen. The trajectory of house prices is set by supply and demand, not by how we would like prices to move.

You hop from foot to foot with your absurd claims, first claiming that prices are crashing, then that they will crash at some future unspecified point, then that they have already crashed but it's masked by volume, etc, etc, always refusing to give any specific predictions or stick to any one claim under serious scrutiny. And when under pressure, you retreat to this position - claiming that high house prices are a bad thing. And I believe this is the core of your position. You really, really want prices to crash, and therefore it must be about to happen, any day now. And so when people disagree that prices will fall, it must be because they want prices to be high. It couldn't possibly be a legitimate disagreement.

What are your predictions?

A long time ago you sold a property to move and rent in Edinburgh, you felt prices would crash and you have been waiting 15+ years for them to crash. You had a brief window in 2009-10 to cut your losses but clearly felt they would crash more because you kept renting. You will spend your life paying more for your housing situation than you needed to and yet expect everyone to think it will be different this time?

Care to tell us the year you sold to rent? You won't because you know you made a mistake and simply won't hold your hands up.

noitsnotme

Crashy_Time said:

Salemicus said:

Crashy_Time said:

BTW I would love to know how sky high prices benefit "Homeowners" (who we are told by the wise heads on here like to nest down for DECADES when they spend half a million on a Lego Hutch?) or people hoping to buy a house! Genuinely confused by your logic, and on a money saving site as well, LOL. You really couldn`t make it up.......

What does this have to do with it?

I agree with you that lower house prices would be a good thing. The government white paper loosening planning regulations is a good start, but they need to go much further. Unfortunately, in this area as with so many others, we are in a weird situation where the government is restricting supply (our absurd planning laws) and subsidising demand (HTB etc) and then people are confused as to why prices are unaffordable. Yes, it's bad for pretty much everyone. 

But whether high house prices are desirable has very little to do with whether house prices will fall. Peace in the Middle East would be desirable. Doesn't mean it will happen. The trajectory of house prices is set by supply and demand, not by how we would like prices to move.

You hop from foot to foot with your absurd claims, first claiming that prices are crashing, then that they will crash at some future unspecified point, then that they have already crashed but it's masked by volume, etc, etc, always refusing to give any specific predictions or stick to any one claim under serious scrutiny. And when under pressure, you retreat to this position - claiming that high house prices are a bad thing. And I believe this is the core of your position. You really, really want prices to crash, and therefore it must be about to happen, any day now. And so when people disagree that prices will fall, it must be because they want prices to be high. It couldn't possibly be a legitimate disagreement.

What are your predictions?

Prices will go up or maybe down, then down or maybe up, then up or down again and maybe stay the same for a while at some point before going up or down again.  Timescales are any time between now and the next 1000 years.

Well that’s just as accurate, if not more, than your prediction for the last 15 years 🤷‍♂️