Jump to content
House Price Crash Forum
Sign in to follow this  
DoubleBubbleTrouble

Moneyweek - "housing Bulls Have It Wrong"

Recommended Posts

Merryn's Editorial in the 4th November edition of Moneyweek entitled "Housing bulls have it wrong".

Here's some juicy clips... not posted the full thing as Moneyweek deserve to get paid, go out and buy the real thing, it's worth every penny :-)

...house prices are on the up again, if you believe mortgage company's [Nationwide] figures...

... The newspapers faithfully reported this news...

... bulls jumped on it as clear evidence that the market is back on form.

... why aren't the private equity firms tripping over each other in a mad rush to snap up the mainstream house-building firms? They're certainly cheap...

My guess is that the world's private equity buyers don't just look at the data which comes from the Nationwide (which has something of a vested interest in maintaining confidence in the housing market). Instead perhaps they put more store by the numbers from Hometrack...

... Or perhaps they've noticed that the average price of a new home in Britain (the most relevant number for the house builders) has fallen more than 5% over the last year. Or maybe they're concerned about the rising level of home repossessions....

... many of us still can't pay our mortgages.

Share this post


Link to post
Share on other sites

The next time MoneyWeek dont have a property bear story will be a first.

They've been forecasting a HPCrash in every issue almost as long as Dr.Blubb :lol:

Edited by 737

Share this post


Link to post
Share on other sites

The next time MoneyWeek dont have a property bear story will be a first.

They've been forecasting a HPCrash in every issue almost as long as Dr.Blubb :lol:

Thats cause they both know what their talking about................. :D:D

Share this post


Link to post
Share on other sites

The good Dr. was forcasting a property crash on www.advfn.com in early 2001 :blink: - one day of course he will probably be right - and I'm sure he'll tell us all about it :lol:

Edited by 737

Share this post


Link to post
Share on other sites

The good Dr. was forcasting a property crash on www.advfn.com in early 2001 :blink: - one day of course he will probably be right - and I'm sure he'll tell us all about it :lol:

He was.. and he was right.. the was a crash.. in 2002.

But then the war needed paying for and interest rates were artificially dropped to get all the good little lemmings to spend again..

The crash happened then due to economic forces that resulted in prices returning to the long term average.

Which is where they are today.

yes ladies and gentlemen.. House prices are still only 4 times salary.

Just at the moment it is hard to buy one at those prices because.

PEOPLE ARE PAYING MORE THEN CAN BE SUSTAINED FOR HOUSES.

House prices are not high. there are just a lot of people paying too much money for them.

The economy dictates the house prices..

Paying over that is what gets you in trouble..

Read that again...

its actually economic fact

Share this post


Link to post
Share on other sites

The next time MoneyWeek dont have a property bear story will be a first.

They've been forecasting a HPCrash in every issue almost as long as Dr.Blubb :lol:

You sound like one of those people who was slagging off Warren Buffet for not investing tech stocks!

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.

  • 301 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.