kilroy Posted August 12, 2009 Share Posted August 12, 2009 With regards to housing ...for the 23,7000,000,000,000th time I keep saying housing will fall in real terms for the next 10 years.So I am not a stealth bull. In nominal terms it will of course rise just like in the 70's when we had a big crash but it was masked by inflation. So am i "talking ones book" - no - just advising people that cash will be trash in a few years and to be aware of being sucked in by this deflation baloney. don't you mean "23,700,000,000,000th"? Quote Link to comment Share on other sites More sharing options...
Meerkat Posted August 12, 2009 Share Posted August 12, 2009 You think you are doing comedy. that's what i thought Quote Link to comment Share on other sites More sharing options...
xcojo Posted August 12, 2009 Share Posted August 12, 2009 I get it now.You think you are doing comedy. You're not. Or if you are; it's rubbish. You're not a house builder I take it? As you seem to be blissfully unaware we've experienced a bit of a recession of late. No houses have been built for eighteen months. Where's everyone gonna live? huh? Quote Link to comment Share on other sites More sharing options...
the flying pig Posted August 12, 2009 Share Posted August 12, 2009 You're not a house builder I take it? As you seem to be blissfully unaware we've experienced a bit of a recession of late. No houses have been built for eighteen months. Where's everyone gonna live? huh? You're a wind-up merchant, a fool, or both. Your 'argument' would be spot-on if prices were affordable at current prices. But, of course, they aren't at all - current prices are still a hangover from the biggest debt bubble of all time. There isn't, and will never be, the same kamikaze willingness to lend that would be needed to support any type of boom given current price levels. If the average price of a house was, say, £75k then you'd be exactly right, there'd be a heck of a scramble for pwoperdee, and prices very soon would rise sharply. But at current price levels - not a chance. Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted August 12, 2009 Share Posted August 12, 2009 House Prices will not fall much more in Nominal Terms however to reassure you they will fall in Real Terms over next 10 years. agreed. still can't figure out why on Earth you bought a house with a 60% deposit. Quote Link to comment Share on other sites More sharing options...
Normal Posted August 12, 2009 Share Posted August 12, 2009 agreed.still can't figure out why on Earth you bought a house with a 60% deposit. Would you employ him? Quote Link to comment Share on other sites More sharing options...
InternationalRockSuperstar Posted August 12, 2009 Share Posted August 12, 2009 Would you employ him? no! Quote Link to comment Share on other sites More sharing options...
Berk-hater Posted August 12, 2009 Share Posted August 12, 2009 XCOJO please explain why you're here? Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted August 12, 2009 Share Posted August 12, 2009 Is this the gold ramping thread? Even saw an advert on television about buying gold. Quote Link to comment Share on other sites More sharing options...
Timm Posted August 12, 2009 Share Posted August 12, 2009 You're not a house builder I take it? As you seem to be blissfully unaware we've experienced a bit of a recession of late. No houses have been built for eighteen months. Where's everyone gonna live? huh? Nope. I'm an ex-EA, now town planner. And I can confirm that less houses have been completed recently. But the figure is somewhat in excess of "none", applications are increasing, and new sites are getting started. Anyway, that's not the argument you started. You said there were no houses in the UK. In the post above you ask where people are going to live. Well, remember that recession? People will live with their parents, or in house shares, or not get divorced, or just live in the home they live in already. But of course, they won't have so much money, so they will pay less. I don't often insult people here, and got on just fine with Hamish, Rinoah, etc. But "No houses in the UK"? You're an idiot. Quote Link to comment Share on other sites More sharing options...
Meerkat Posted August 12, 2009 Share Posted August 12, 2009 That's right. As my dad said; "Well, you made your bed, now you gotta sleep in it!". I didn't have a bailout dad, rough justice instead but it did teach me a bit about life...Deflation is also rough justice for a profligate country... and debtors will be "crucified" by a strong currency until they declare bankruptcy. Yes, thanks for that quote, it sounds good! Whichever way it pans out, I would not want to be long overpriced real estate on a margin (bought using substantial mortgage/leverage). Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted August 12, 2009 Share Posted August 12, 2009 I suspect they will go up as they have been. There's nowhere to live in the UK. Look at London, lack of supply means the the prices go up as the people with the money bid higher for the premium property. Same thing will happen when people realise there isn't in fact any houses in the UK. what UP like gdp down .8% is UP. you are a brainless clown. with no clownsuit. Quote Link to comment Share on other sites More sharing options...
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