Fairies Wear Boots

This crash is shit.

It's simple. They have shed loads houses for sale, and we have a bit of a housing crisis going on in parts of the country. The parts where there doesn't seem to be much of a housing crisis, are dropping in price and places like London prices are managing to rise slightly. No vast number of repos and forced sales, no massive falls.

I think Ruth Lea knows what she is talking about. I want her to get run over by a double decker bus, but you can't fault what she is saying. QE has saved the property market. Hallelujah! I'll paraphrase her basic premise, QE might be fcking over old peoples pensions and yes it's saving the over stretched borrowers, but hey can you imagine what would have happened if we hadn't of done it? The housing market would have crashed in spectacular style. (and I guess all that goes with that, like our banks being even more insolvent than they already are). Don't we fking know it luv. Unfortunately though, our housing market crashing is something I would love to happen. And she should be shot for suggesting the pitiful amounts of interest I get on my savings, and the damage to pensioners annuities is acceptable.

Krusty is as thick as pig sh*t. In a debate about rich people pricing locals out she mentions that the place she bought and renovated in the country hadn't been lived in for 33 years. So that's the solution, will ALL rich townies moving to the country please make sure you buy properties that haven't been lived in for thirty years. Not only will you stop pricing locals out, you will provide jobs for local tradesmen too.

That jokers pension went from 1100 a month to 600. How come this isn't happening to lots of people? If it is I would have expected much more outrage. I wish when the QE is good woman stated that it has 'saved our housing market', that someone had pointed out that it's turned it into a stagnant mess. Rather than a good old fashion crash from which we can have recovery.

I feel you are sort of right in that facebook does try and move with the times. Though whether it will be able to do so is another matter. Who knows what the next 'big thing' will look like and who will provide it. I notice that approximately six months ago Zuckerberg announced that email was dead. Errm yeah. You could have said... Saying that Facebook will barely be around in ten year's time is like saying that people will become bored of posting stuff on myspace.

/ That's mainly who the last 300 million to join up were. When I heard how much they valued the company at, I nearly laughed myself silly!

Gross earnings increased 10% from 2007? I thought wage inflation was approx 1 percent per year.

So is there lot's of Dross on the market that is overpriced and has been on for ages? I'm in 'won't go down London' and I thought things were stagnant by how long they stay on Rightmove using Property Bee, but then I don't look at ones under offer. Maybe I should.

/So the government pays private enterprise to house the unemployed, low paid and disabled/sick and it ends up costing the taxpayer absolutely shedloads. Who ever would have thought it? That's really surprised me. I might have to go have a lie down.

/ Is that 22 and 28 percent overvaluation based on interest rates? i.e. if they rose, then properties would be more overvalued? It's an asset bubble. Doesn't seem to be going down that much in some places and this ZIRP policy seems to be holding them up well. Weren't all the other crashes in times of sky rocketing inflation rates? I don't see how you can look at other crashes and be confident that's going to happen this time.

How come if they admit to inflationary overshoot, did they launch QEII? The other question I have from reading your post is why do we need rampant building for it to be a bubble? To me, half of the idea of this bubble is they aren't making any more land. And with the planning laws as they are, they are quite right. Also, we had building companies paying shed loads for anything that you could build on, and an army of people, backed up by T.V. programs who would buy a three bed, create an extra room in the loft and charge 100K extra for a 4 bed, and those who chopped nice big houses into "units". Are you saying that if supply goes down, then price rises aren't "a bubble" they're a product of the supply/demand equilibrium?

BeJesus. I've been sceptical of anymore decent nominal falls happening (in London). But if all you bears keep buying, it looks like it'll happen quite soon!

How 'bout base rate whacked down to near zero means high cost of houses worth it. BTL is apparently making a come back. A massive fall in asset value (eventually). When is this going to materialize?

I sort of agree with the original poster. Though I don't see why if the average house is 160K today why they'd be 180K in 2015. My guess would be about 160K. But what do I know? Maybe all this Austerity and Euro debt crisis will bubble over and no one will be able to get a loan.