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Very Bearish From The Daily Mail...

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http://www.dailymail.co.uk/money/comment/article-3699739/Osborne-house-price-addiction-worse-Hammond-stop-it.html

Apologies if this has already been mentioned elsewhere and possibly doesn't deserve it's own thread (mods feel free to merge) but I do think this is the most bearish, anti-hpi article I've ever read in the DM,

I wouldn't even expect to see this in the Guardian!

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We either need wages to rise or house prices to fall.

As the latter is largely considered unpalatable to the population at large, ideally we want a scenario where house prices remain broadly steady and wages rise faster than them for a prolonged period.

Sigh.

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We either need wages to rise or house prices to fall.

As the latter is largely considered unpalatable to the population at large, ideally we want a scenario where house prices remain broadly steady and wages rise faster than them for a prolonged period.

SIGH.

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http://www.dailymail.co.uk/money/comment/article-3699739/Osborne-house-price-addiction-worse-Hammond-stop-it.html

Apologies if this has already been mentioned elsewhere and possibly doesn't deserve it's own thread (mods feel free to merge) but I do think this is the most bearish, anti-hpi article I've ever read in the DM,

I wouldn't even expect to see this in the Guardian!

..the Guardian and their BBC readers are BTLers...why would they write this sense..?.... :rolleyes:

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Ideally house prices would never go down, wages would go up, companies would stay in the UK to sustain and support this without going out of business and Unicorns would fly around pooping out candy from above.

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There is nothing bearish in that article. It argues that prices should come down, rather than predicting that they will.

Fair point.

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So the ideal solution is for wages to hyperinflate making my carefully built-up savings worthless. No thanks.

How long is this proposed 'prolonged period'? It's taken twenty years of near uninterrupted house price inflation to get to this point. If it takes another twenty to fix - with unprecedented wage growth of 10% or so a year - that's my working life over already.

Falling house prices are only 'unpalatable' if you already own one, and only really actually problematic if you still have a big mortgage. There are fewer people able to get into this position all the time.

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Falling house prices are only 'unpalatable' if you already own one, and only really actually problematic if you still have a big mortgage. There are fewer people able to get into this position all the time.

Not necessarily. I own, with a small mortgage, I want a big crash. Not every homeowner is a selfish *******.

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Not necessarily. I own, with a small mortgage, I want a big crash. Not every homeowner is a selfish *******.

You can still have selfish reasons.....a 50% fall in house prices would make the bigger house I want relatively cheaper and make my cash savings worth more in house price terms.

Everyone I speak to in Cambridge who owns a single property wants a fall in prices.

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You can still have selfish reasons.....a 50% fall in house prices would make the bigger house I want relatively cheaper and make my cash savings worth more in house price terms.

Everyone I speak to in Cambridge who owns a single property wants a fall in prices.

For an area inhabited by so many supposedly clever people it's taken them an awful long time for the penny to drop.

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If it takes another twenty to fix - with unprecedented wage growth of 10% or so a year

And not a single Chancellor in all that time thinking to themselves, "Hmm, polls for next year's election look a bit dicey, I know what'll perk them up a bit..."

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