Jump to content
House Price Crash Forum
Sign in to follow this  
Frank Hovis

Global Economy Going Forward

Recommended Posts

Trying to gauge numbers. I think the extreme economic disaster people are a vocal minority, but I could be wrong, so I was just trying to see where the weight of opinion lies.

Inevitably the first reply will be moaning about the poll options; I might as well just post it myself.

I have house prices in as well as these seem to be dropping off the board. To be very clear these are real terms sterling prices I'm asking about, if there's big inflation then smaller nominal rises will still mean cheaper houses.

Edited by Frank Hovis

Share this post


Link to post
Share on other sites

Where is the deflation option ffs?

Exactly, you did the poll!

Anyone who does not vote for a real price drop of 50% or more is in dreamland so it makes your house price poll pretty irrelevant. The nominal figure is the one most people are interested in and that is obviously open to huge debate.

Share this post


Link to post
Share on other sites

Where is the deflation option ffs?

where is the feck all oil left option, so you wont be able to grow the economy?

Looks like Saudi Arabia are trying to politely say they dont have a lot of oil left and what is left will be for the kids or they are toast with 30 million of them living in an unforgiving Desert

All this growth myth, paying of the debt is a pointless exercise

Share this post


Link to post
Share on other sites

Anyone who does not vote for a real price drop of 50% or more is in dreamland so it makes your house price poll pretty irrelevant.

Long term average house price about 3.5x wages, currently what 5x? Doesn't make a 50% real fall a given.

Share this post


Link to post
Share on other sites

- Well, we're already 10% down from the '07 peak and I expect an undershoot of 3 times income so going for another 35% fall.

- This is, as we all know, not a 'normal' recession like 73-75 or 90-92 but rather a deflationary one that will drag on for years.

- One way the West can get out of this is paradoxically by a war that results in oil shortages to stoke a bit of inflation (and take the sheeple's mind of what a G_D awful mess the Western economies are in. On that front, don't be surprised to hear that Iran has been strategically bombed within 6 months, by Israel or the US.

Share this post


Link to post
Share on other sites

Exactly, you did the poll!

Anyone who does not vote for a real price drop of 50% or more is in dreamland so it makes your house price poll pretty irrelevant. The nominal figure is the one most people are interested in and that is obviously open to huge debate.

I however think that is an extreme view, possible - and I hope you're right - but unlikely. Hence the poll.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 152 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.