Venger Posted December 14, 2013 Share Posted December 14, 2013 My wife got into a heated discussion with a 24 year old estate agent last Saturday down the pub. The estate agent claimed that people actually want to pay more for their houses. It's true for a lot of people. Must have read 25 threads or more at MSE mortgage-section of people complaining the valuation was too low to get the mortgage they required. Buyers who want the valuation to be higher, versus their deposit, so they pay more for the house they want. Not that I understand the mechanics of those mortgage calculations. Short shrift given to others who suggested lower prices a good thing, and take some time to save. There was a thread here or elsewhere a while ago, of an article claiming people took positive affirmation in paying higher prices for houses - feeling like they are worth it. Quote Link to comment Share on other sites More sharing options...
PopGun Posted December 14, 2013 Share Posted December 14, 2013 QE as the springboard into a hyperinflation is still a potential outcome if the Krugmanite wreckers overplay their hands. Perhaps they have already? Shuddering Quote Link to comment Share on other sites More sharing options...
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