Big Questions on BBC1 / iPlayer debate about London Being V Expensive (and soon became about House Prices)

[LesDawson]

Hi, 

 

Just joined the forum after many years stalking (since 2005 I think).

 

Anyhow, I thought the Big Questions episode on Sunday 06/01/19 was quite interesting, as it was mainly about house prices in London. (Debate Starts at 37 minutes in).

Did get the impression that the public mood (in the debate anyhow) really is expecting them to fall now. You could almost taste the sentiment is going that way now.

 

Anyhow, thought it might be of interest.

[Si1]

Sentiment was that way from 2007 onwards, except there was also the popular and political will to prop up house prices too.

I'm not sure the latter is here anymore.

[dougless]

Welcome Les.

I share Si1's view that props were popular and numerous but I suspect that many are starting to see what a mistake that was.  I was expecting house prices to fall from 2003 so that shows how wrong I can be.

[longgone]

Did it mention everything in the economy faltering because the relentless persuasion to keep them high and eat a great big chunk out of the plebs income ?

[bushblairandbrown]

9 hours ago, dougless said:

I was expecting house prices to fall from 2003 so that shows how wrong I can be.

No doubt you were right and well ahead of the curve in 2003. It's just amazing how it's now 2019 and still not happened! 16 years is a big chunk of someone's life to wait out the crash. 

I knew a chap who used to be a fund manager and packed it in immediately after the gfc. He said being more than one step ahead was usually the way people lost money in investing.