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Ramping From The Mail

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Richard Dyson the deputy financial editor from the mail has written this, and yes we get a mention.

http://www.dailymail.co.uk/money/mortgageshome/article-2334333/RICHARD-DYSON-Property-prices-climbing.html

Now his views may, or may not be right, his article is totally devoid of any substance, and offers no reasons to justify his claim.

I don't know how he would cope in any form of debate or discussion on the subject.

Maybe he would just say "I'm right! so there"

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Richard Dyson the deputy financial editor from the mail has written this, and yes we get a mention.

http://www.dailymail.co.uk/money/mortgageshome/article-2334333/RICHARD-DYSON-Property-prices-climbing.html

Now his views may, or may not be right, his article is totally devoid of any substance, and offers no reasons to justify his claim.

I don't know how he would cope in any form of debate or discussion on the subject.

Maybe he would just say "I'm right! so there"

:lol: The first part of his article, when he lists all the arguments against landlords and HPI, reads like Monty Python's "What Have the Romans Ever Done For Us".

Then he shots himself in the foot saying that: "the ‘wall’ of foreign money that keeps London’s prime property prices in the stratosphere."

:lol:

What a moron.

Unless... he's after clicks on his article as well? :unsure: Another Ian Cowie on the make?? :)

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The advantaged will continue to extract what they can from the disadvantaged.......enough is never good enough, generating more at the expense of others is the name of the game. ;)

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Nor are rising prices such good news for the economy as they require buyers to save more towards hefty deposits and huge mortgages, rather than to spend.

Wow. And this is in the Wail? :blink:

I'm disappointed however that we dont get to find out how much the author's house is worth.

I therefore conclude that this is not a legit Wail article and that there website has been hacked. Own up. Which one of you lot dunnit?

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Hardly any financial subject excites as much furious debate as property prices.

There's that word again just like the female from Savills yesterday when everyone was supposed to be excited about rising house prices.

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Websites such as Housepricecrash exist to discuss little else than when the fall will come and how big it will be.

So far they have been wrong. Prices have stagnated, and fallen even quite sharply in some parts, but they have not crashed.

What!!? Not surged or soared then??

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But welcome news or not, it is difficult to conclude that house prices will do anything in the near future but continue to rise.

A months rise and an annual 1.1% increase hardly seems justification to find it difficult to conclude that "house prices will do anything in the near future but continue to rise".

Not unless it's just a ramp - but they're covered because it's only the "near" future so that could mean anything in newspaper terms from 1 day to whenever.

Edited by billybong

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So far they have been wrong. Prices have stagnated, and fallen even quite sharply in some parts, but they have not crashed. For whatever reason or reasons, the property apocalypse that pessimists predicted (or hoped for) hasn’t materialised.

I've never expected a crash, rather a steady decline of house prices until they are down to 50% of their peak bubble price and I am optimistic that this much needed correction will be complete by the end of this decade.

As for a property apocalypse, it will only be such for those who sought to feather their nests by ploughing more and more borrowed money into the biggest bubble in living memory.

Edit, to say that the level of ramping appears to be inversely proportional to the confidence of the indebted that their decision to invest in buy to let was sound.

Edited by Bruce Banner

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But welcome news or not, it is difficult to conclude that house prices will do anything in the near future but continue to rise.

HPC was almost a reflation 'save-the-housing-market' lobby group in 2008-beginning of 2009, when we had . Few instances of repossessions ad prices fell, and every thread had excuses. "It's a tragedy." "They were lured into it.". "Media made them do it." "Rising prices is all they've ever known, and they couldn't expect a crash."

All for the sake of a small percentage of home-owning mortgage debtors needing to go into negative equity, who bought at crazy high prices and mostly thinking they were the intelligent ones, for the massive good of non-owners and millions of youngsters coming into the system to get house prices down. Not only have prices been supported, blocking good money and saving those who made bad decisions whilst keeping older owners house prices supported, have to read daily claims how the house market is everything and boasts of how VI property people were smart and correct all along, with same expectation of rising prices.

Just like before, people want to get back to normal route of going to Uni and then dropping down on knees to gratefully gulp down bankers' debt for a house + FLS + Help-To-Buy to buy a massively over-valued home. Lana (They won't allow a crash because political suicide. Borrow away yay!) City AM's Annabel "It's a good time to buy."

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"But welcome news or not, it is difficult to conclude that house prices will do anything in the near future but continue to rise.

Read more: http://www.dailymail.co.uk/money/mortgageshome/article-2334333/RICHARD-DYSON-Property-prices-climbing.html#ixzz2V3VZgk6f

Follow us: @MailOnline on Twitter | DailyMail on Facebook"

At no point in the article does he say why he thinks this is the case.

For someone, who is deputy financial editor this is a very poor conclusion to come to, without qualifying his reasoning.

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"But welcome news or not, it is difficult to conclude that house prices will do anything in the near future but continue to rise.

Read more: http://www.dailymail.co.uk/money/mortgageshome/article-2334333/RICHARD-DYSON-Property-prices-climbing.html#ixzz2V3VZgk6f

Follow us: @MailOnline on Twitter | DailyMail on Facebook"

At no point in the article does he say why he thinks this is the case.

For someone, who is deputy financial editor this is a very poor conclusion to come to, without qualifying his reasoning.

Assuming he meant that house prices will rise, and he didn't mean 'prices will do anything except rise' -- open to debate, if you read it carefully! :) -- perhaps he means inflation will lift prices in nominal terms or there will be a dash for assets because of inflation fears.

Or his guess could be as good as anyone's.

What we need, for the sake of savers and to keep a lid on inflation (as well as halt any risk of more HPI madness) is for interest rates to rise now so that by this time next year they're at 5%. Enough already with the crazy economics, it's time for sober people to get back behind the wheel.

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I've never expected a crash, rather a steady decline of house prices until they are down to 50% of their peak bubble price and I am optimistic that this much needed correction will be complete by the end of this decade.

As for a property apocalypse, it will only be such for those who sought to feather their nests by ploughing more and more borrowed money into the biggest bubble in living memory.

Edit, to say that the level of ramping appears to be inversely proportional to the confidence of the indebted that their decision to invest in buy to let was sound.

+1

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Tell that to the thousands of people in Northern Ireland now in negative equity. Is 56% not a crash by anyone's standards?

Well I'm not in Northen Ireland so local price changes there matter not one bit. There has not been a crash in Great Britain.

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Who is this guy?

Is he really trying to say we HPCers were wrong in spotting the fiat monetary, fraudulent credit, property porn fueled housing bubble?

Wasn't 2008 and the last five years a big enough crisis to make him think, maybe we had a point?

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Well I'm not in Northen Ireland so local price changes there matter not one bit. There has not been a crash in Great Britain.

No, there hasn't, only 10% or 20% down so far, with another 30% or 40% to go. Patience is a virtue.

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  • 238 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%



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