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eric pebble

House "prices" To Drop At Least 50%....

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I saw this last month. Very good.

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Hadn't seen this!! Carney talking about house prices and mortgages --- DO WE BELIEVE HIM!???!?!? I JUST DON'T BELIEVE THE GUY!!!!!!

Video dated 19/05/14 from this link - 8th video down: [interview of Carney, Governor of Bank of England]:

https://www.videoparades.com/list/house+prices/

Well that's about 20 months ago --- and looking at the last 20 months just re-enforces my opinion that this guy is full of sh1t ---- AND - the Banksters Lobby have been HARD AT WORK issuing threats in the background --- GUARANTEED.

& The way Murnaghan doesn't pursue and DIG -- and HE DOESN'T ASK ABOUT LIAR LOANS........ WHY NOT???? THESE GUYS ARE TOTAL LIGHTWEIGHTS.

Edited by eric pebble

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No worries prices can't fall there is London Help To Buy where if I am a bit short of readies then George will lend me a few quid interest free for five years to buy a house .... a few quid being quarter of a million quid. Happy Days.

Lol bit short of readies :)

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UK has world's second-highest house prices beaten only by millionaire's playground Monaco

http://www.mirror.co.uk/news/uk-news/uk-worlds-second-highest-house-prices-5577088

"the main effect of policies that stimulate housing demand - such as Help-to-Buy - is to increase house prices rather than supply meaning they are a waste of taxpayer money at best and harmful at worst."

Actually a pretty spot on article.

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About 19.20 minutes in......

But always worth watching the full interview when Mr Hodges is concerned.

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House "prices" To Drop At Least 50%....

..............................................

I would do anything just to believe this could happen in the next few years, but not full of hope sadly.

Well - - I hear more and more now about employers unable to recruit for average and above average employment - because people simply cannot afford to live in London, Oxford, the SE... etc.

Something is wrong. Something is REALLY wrong. Just a question of how long it can stay wrong. :rolleyes:

Edited by eric pebble

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If they came down 50% wouldn't investors rush in and buy as many as possible, so quickly back to square one before long, if not worse without building new stock? Not only that but immigration would hit the roof.

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If they came down 50% wouldn't investors rush in and buy as many as possible, so quickly back to square one before long, if not worse without building new stock? Not only that but immigration would hit the roof.

Err

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Wages stagnating and prices going up...... What could possible go wrong.

:P

If any of you have seen that film The Big Short ---- we might be at that stage when ALL the indices and markers are saying that the "market" is dying/dead -- and yet - AND YET - the big boys keep shifting the "price" EVEN HIGHER by fraudulent means - by manipulation --- by stinking CORRUPTION....---- remember that bit in the film?!?!? ---- Maybe that's where we are now in the UK "property market".... :rolleyes:

But don't hold your breath.... :rolleyes:

Edited by eric pebble

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^

Poll - Mirror link


Have ordinary people been priced out of the housing market?

Yes - 95%

No - 5%.

:lol: Pretty resounding that one.

Edited by billybong

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Yep, watched that last month. good chilled, reasoned argument. No sensationalism unlike HPI worshippers.

Also if you don't know, now you know:

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If they came down 50% wouldn't investors rush in and buy as many as possible, so quickly back to square one before long, if not worse without building new stock? Not only that but immigration would hit the roof.

A lot of the "investors" would be bankrupt.

A lot of people wont want to touch property with a barge pole.

Haveing to pay £2000 too much to secure a house is a lot different to having to over pay by £200K.

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Are people rushing in to pick up and stock pile millions of barrels of oil?

Rushing in to buy something because it is worth less than it once was is the classic catch a falling knife scenario, as clued up as I once thought I was on that subject I even did it myself with shares once.

Investors and speculators only care about one thing, money. If a property goes from £200k to £100k and stays there for years/decades to come then what is the point in buying them.

GEC/Marconi ?

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