House prices will not crash
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From: South London
all this Torpid / Tripple O'G nonsense above.... for what it's worth I like his cars, but why this thread had to be diverted as above is beyond me.BBC NEWS | Business | House prices 'set for slowdown'
"single biggest factor driving up house prices in the past decade has been the expectation of buyers that prices will keep on rising."
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One theory I've heard is that that the role of the first time buyers has largely been taken up by the buy-to-let brigade. When the investors stop doing that then the market will be in real trouble as first time buyers can't afford to buy homes at current levels.
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Originally Posted by Tripple'O G
Cheers....
Funny but i've just done the deal to rent a flat....literally just....so definately have to sell the scoob now....
Funny but i've just done the deal to rent a flat....literally just....so definately have to sell the scoob now....
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Joined: Dec 2005
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From: South London
Originally Posted by Tripple'O G
Cheers....
Funny but i've just done the deal to rent a flat....literally just....so definately have to sell the scoob now....
Funny but i've just done the deal to rent a flat....literally just....so definately have to sell the scoob now....
---
Any chance of getting back on topic now...
Another top banker in London said yesterday that house prices are due to collapse.
Fight club? Why on earth don't ToG & Torpid go there ...
TX.
TX.
Originally Posted by chocolate_o_brian
another thread going down the pan i see...
dont think il bother with this one any more. id like to know what tripple's done to get a barracking from torpid... have i missed something or is it just a case of another thread going down the pi$$er?
dont think il bother with this one any more. id like to know what tripple's done to get a barracking from torpid... have i missed something or is it just a case of another thread going down the pi$$er?
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From: Gloucestershire
To get back to topic if you want to see a scary graph then look here:
Home > House price news, information and discussion - HousePriceCrash.co.uk
(but be aware that the scale starts at 50k so while dramatic its not quite as rediculous as they have drawn it)
Every time in the past that prices have risen so sharply, they have crashed.
The price to earnings ratio is also pretty good reading too.
The bottom line is this, house prices cannot keep rising at this pace as its above economic growth and that cannot be sustained under any circumstance.
What people on the street also don't realise is having expensive housing is a really bad thing. People release equity and spent it having done nothing productive to earn it, the definition of inflation. It really is like printing money from a press in your shed.
It also means money is tied up in mortgage repayments long term instead of spending on consumables which ultimately restricts economic growth.
And to whoever said that property was a good investment long term, that graph from the nationwide also made grim reading. A 90% real increase in 34 years is 1.9% per year compounded in real terms. I can get better than that in the bank.
Home > House price news, information and discussion - HousePriceCrash.co.uk
(but be aware that the scale starts at 50k so while dramatic its not quite as rediculous as they have drawn it)
Every time in the past that prices have risen so sharply, they have crashed.
The price to earnings ratio is also pretty good reading too.
The bottom line is this, house prices cannot keep rising at this pace as its above economic growth and that cannot be sustained under any circumstance.
What people on the street also don't realise is having expensive housing is a really bad thing. People release equity and spent it having done nothing productive to earn it, the definition of inflation. It really is like printing money from a press in your shed.
It also means money is tied up in mortgage repayments long term instead of spending on consumables which ultimately restricts economic growth.
And to whoever said that property was a good investment long term, that graph from the nationwide also made grim reading. A 90% real increase in 34 years is 1.9% per year compounded in real terms. I can get better than that in the bank.
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Originally Posted by borat52
To get back to topic if you want to see a scary graph then look here:
Home > House price news, information and discussion - HousePriceCrash.co.uk
(but be aware that the scale starts at 50k so while dramatic its not quite as rediculous as they have drawn it)
Every time in the past that prices have risen so sharply, they have crashed.
The price to earnings ratio is also pretty good reading too.
The bottom line is this, house prices cannot keep rising at this pace as its above economic growth and that cannot be sustained under any circumstance.
What people on the street also don't realise is having expensive housing is a really bad thing. People release equity and spent it having done nothing productive to earn it, the definition of inflation. It really is like printing money from a press in your shed.
It also means money is tied up in mortgage repayments long term instead of spending on consumables which ultimately restricts economic growth.
And to whoever said that property was a good investment long term, that graph from the nationwide also made grim reading. A 90% real increase in 34 years is 1.9% per year compounded in real terms. I can get better than that in the bank.
Home > House price news, information and discussion - HousePriceCrash.co.uk
(but be aware that the scale starts at 50k so while dramatic its not quite as rediculous as they have drawn it)
Every time in the past that prices have risen so sharply, they have crashed.
The price to earnings ratio is also pretty good reading too.
The bottom line is this, house prices cannot keep rising at this pace as its above economic growth and that cannot be sustained under any circumstance.
What people on the street also don't realise is having expensive housing is a really bad thing. People release equity and spent it having done nothing productive to earn it, the definition of inflation. It really is like printing money from a press in your shed.
It also means money is tied up in mortgage repayments long term instead of spending on consumables which ultimately restricts economic growth.
And to whoever said that property was a good investment long term, that graph from the nationwide also made grim reading. A 90% real increase in 34 years is 1.9% per year compounded in real terms. I can get better than that in the bank.
Look at the trend though! It's always up!
As I said above, average house price today £168k ... by 2017 it'll be £600k. Better buy while you still can.
TX.
As I said above, average house price today £168k ... by 2017 it'll be £600k. Better buy while you still can.
TX.
Originally Posted by borat52
To get back to topic if you want to see a scary graph then look here:
Home > House price news, information and discussion - HousePriceCrash.co.uk
(but be aware that the scale starts at 50k so while dramatic its not quite as rediculous as they have drawn it)
Every time in the past that prices have risen so sharply, they have crashed.
The price to earnings ratio is also pretty good reading too.
The bottom line is this, house prices cannot keep rising at this pace as its above economic growth and that cannot be sustained under any circumstance.
What people on the street also don't realise is having expensive housing is a really bad thing. People release equity and spent it having done nothing productive to earn it, the definition of inflation. It really is like printing money from a press in your shed.
It also means money is tied up in mortgage repayments long term instead of spending on consumables which ultimately restricts economic growth.
And to whoever said that property was a good investment long term, that graph from the nationwide also made grim reading. A 90% real increase in 34 years is 1.9% per year compounded in real terms. I can get better than that in the bank.
Home > House price news, information and discussion - HousePriceCrash.co.uk
(but be aware that the scale starts at 50k so while dramatic its not quite as rediculous as they have drawn it)
Every time in the past that prices have risen so sharply, they have crashed.
The price to earnings ratio is also pretty good reading too.
The bottom line is this, house prices cannot keep rising at this pace as its above economic growth and that cannot be sustained under any circumstance.
What people on the street also don't realise is having expensive housing is a really bad thing. People release equity and spent it having done nothing productive to earn it, the definition of inflation. It really is like printing money from a press in your shed.
It also means money is tied up in mortgage repayments long term instead of spending on consumables which ultimately restricts economic growth.
And to whoever said that property was a good investment long term, that graph from the nationwide also made grim reading. A 90% real increase in 34 years is 1.9% per year compounded in real terms. I can get better than that in the bank.
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