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... and if so why?

This is quite a busy forum but I was looking on twitter and the official HPC account has 6,000 followers.

Mumsnet  has 150,000 followers!

So the deluded HPI+ Forever crowd are over 20x the size of those who believe in RATIONAL economics!

So why are those who want an affordable home of their own in a minority in this country? What the hell has happened? 

For me I think delusion has taken hold of the country. Even on here there are plenty of sceptics of an HPC or how big the correction will be just because...well it aint happened yet so it aint going to happen. Really? Is that a sane argument? No, it's not!

 Clearly people are utterly deluded. The market is deluded i.e $1 million shoe boxes in London. This is classic bubble economics and it has genuinely gripped the nation. It's going to take some time to shake off these delusions (and a lot of pain i'm afraid) before we return to normalcy.

 

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Financialization.  From homes to cars, its found its way into anything it can.  The incentives (for those able to partake) are strong, easy gains etc.  It's planted into peoples minds like a virus, with no questions if or buts.

Why be productive to gain wealth when you can merely sign a piece of paper?  Why skill up and invest your own time + money when it just requires a few signatures to be a financial god?  

#DDTG for the win!  

Edited by blackhole
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16 minutes ago, Warlord said:

So the deluded HPI+ Forever crowd are over 20x the size of those who believe in RATIONAL economics!

 

Clearly, many (most?) on here are not rational.  They are Socialists and Remainers.  I am quite serious.

I am glad someone brought up the Twitter account.  WTF (???!!!) don't HPC.co.uk / FUBRA execs use it?  I would RT it every day.  Don't they want more posters on their website?

Edited by Killer Bunny
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2 minutes ago, Killer Bunny said:

Clearly, many (most?) on here are not rational.  They are Socialists and Remainers.  I am quite serious.

I am glad someone brought up the Twitter account.  WTF (???!!!) don't HPC execs use it?  I would RT it every day.

They don't use it... Mumsnet even display the official blue tick as if to provide a certain cache' to their delusions.

 

1 minute ago, Si1 said:

The madness of crowds

Does that by definition make us mad? Sometimes I wonder.

 

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1 minute ago, Killer Bunny said:

Clearly, many (most?) on here are not rational.  They are Socialists and Remainers.  I am quite serious.

I am glad someone brought up the Twitter account.  WTF (???!!!) don't HPC execs use it?  I would RT it every day.

??????,

Precisely.

When people like myself, offer an alternative perspective. I'm heckled or delusional.

Which, is strange.. as in essence, I just want wealth progression for all.

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Independent thinkers tend to be the minority in my experience.

Imagine a scruffy individual coming into view among this lot, looking perplexed and casually strolling the opposite way...all the military here are the "normal people" are marching to the VI drum beat.

Those seated and looking smug are the Bankers.

 

 

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11 minutes ago, Killer Bunny said:

Clearly, many (most?) on here are not rational.  They are Socialists and Remainers.  I am quite serious.

I am glad someone brought up the Twitter account.  WTF (???!!!) don't HPC.co.uk / FUBRA execs use it?  I would RT it every day.  Don't they want more posters on their website?

You're deeply unserious. Your shoes are shaped like spoons. Every time you honk your car-horn a wheel falls off.

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2 minutes ago, blackhole said:

Do you mean you want a rebalance, where more wealth ends up with workers?

Not from a socialist perspective no, from a capitalist one yes.

I was a socialist in my late teens and early 20s, then the world woke me up.

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1 minute ago, Speed1987 said:

I would prefer, deregulation, limited goverment, free markets, personal responsibility.

I wonder if its possible to have these qualities and have a FIAT currency.  Also seems impossible these days.

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34 minutes ago, Warlord said:

... and if so why?

This is quite a busy forum but I was looking on twitter and the official HPC account has 6,000 followers.

Mumsnet  has 150,000 followers!

So the deluded HPI+ Forever crowd are over 20x the size of those who believe in RATIONAL economics!

So why are those who want an affordable home of their own in a minority in this country? What the hell has happened? 

For me I think delusion has taken hold of the country. Even on here there are plenty of sceptics of an HPC or how big the correction will be just because...well it aint happened yet so it aint going to happen. Really? Is that a sane argument? No, it's not!

 Clearly people are utterly deluded. The market is deluded i.e $1 million shoe boxes in London. This is classic bubble economics and it has genuinely gripped the nation. It's going to take some time to shake off these delusions (and a lot of pain i'm afraid) before we return to normalcy.

 

Do we want an affordable home, or do we want a super bargain, sometimes the line is very blurred 

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30 minutes ago, Warlord said:

... and if so why?

This is quite a busy forum but I was looking on twitter and the official HPC account has 6,000 followers.

Mumsnet  has 150,000 followers!

So the deluded HPI+ Forever crowd are over 20x the size of those who believe in RATIONAL economics!

So why are those who want an affordable home of their own in a minority in this country? What the hell has happened? 

For me I think delusion has taken hold of the country. Even on here there are plenty of sceptics of an HPC or how big the correction will be just because...well it aint happened yet so it aint going to happen. Really? Is that a sane argument? No, it's not!

 Clearly people are utterly deluded. The market is deluded i.e $1 million shoe boxes in London. This is classic bubble economics and it has genuinely gripped the nation. It's going to take some time to shake off these delusions (and a lot of pain i'm afraid) before we return to normalcy.

 

The shoe box comparison in London, is at the top of the bubble, out of reach for the majority. Similar to a Ferrari, there will always be a demand for them. Convenience & location underpins that's price.

There is no delusion here, you are failing to incorporate yourself within the game.

While some have rented on here years, others have paid down their mortgages.

Rent money is dead money right? So even if a house loses 50% value who lost?

For the majority of sensible buyers, they will win from buying a house.

 

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16 minutes ago, blackhole said:

I wonder if its possible to have these qualities and have a FIAT currency.  Also seems impossible these days.

The US military, keeps that in check.

However, I would much prefer blockchain or gold. 

The problem is, without fiat and our army, we cannot as easily exploit other countries workforces or resources.

People forget in England, that in india kids are working in sweatshops to create their clothes.

Edited by Speed1987
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8 minutes ago, Speed1987 said:

The shoe box comparison in London, is at the top of the bubble, out of reach for the majority. Similar to a Ferrari, there will always be a demand for them. Convenience & location underpins that's price.

There is no delusion here, you are failing to incorporate yourself within the game.

While some have rented on here years, others have paid down their mortgages.

Rent money is dead money right? So even if a house loses 50% value who lost?

For the majority of sensible buyers, they will win from buying a house.

 

If ordinary working people outside of London were able to buy a house at just three or four times the average salary, then I doubt this site would need to exist. We all realise that a London or a New York will command higher prices because of the influx of people seeking to make their fortune (although this may change with the consequences of pandemic).

But it's this bubble in the rest of the country, inflated through credit easing, that has created a huge problem.

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55 minutes ago, Warlord said:

This is quite a busy forum but I was looking on twitter and the official HPC account has 6,000 followers.

Mumsnet  has 150,000 followers!

So the deluded HPI+ Forever crowd are over 20x the size of those who believe in RATIONAL economics!

The first mistake is to assume that all 6,000 HPCers have identical beliefs, and that the 150,000 mumsnetters also do.

The second mistake is to take it as a self-evident fact that you're right and 150,000 people are all wrong.

HPI forever - well that's not possible, is it, agreed.  But if you then ask what SHOULD happen and what WILL happen you will get 6,000 different answers on HPC.

The logic you're applying is why the Remain camp (which I'm in, for disclosure) lost the referendum.  After they lost, so many sat around agape saying "how come there are more stupid people than sensible people like me?"   The answer is usually that the truth lies somewhere in the middle, and that neither side is 100% correct.

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16 minutes ago, Speed1987 said:

The shoe box comparison in London, is at the top of the bubble, out of reach for the majority. Similar to a Ferrari, there will always be a demand for them. Convenience & location underpins that's price.

There is no delusion here, you are failing to incorporate yourself within the game.

While some have rented on here years, others have paid down their mortgages.

Rent money is dead money right? So even if a house loses 50% value who lost?

For the majority of sensible buyers, they will win from buying a house.

 

Rent is not dead money in a falling market.  When the SE house prices fall 50%, I will receive all my rent back, and more.  The renters will not be loosing in this pandemic.  I would much rather be a renter right now, than a oo who has brought in the last 10 years.  HPI in the last 10 years does not encompass sensible buyers.  A sensible buyer equals buying a house for value for money and reasonable house price/salary ratios.

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1 minute ago, Trampa501 said:

If ordinary working people outside of London were able to buy a house at just three or four times the average salary, then I doubt this site would need to exist. We all realise that a London or a New York will command higher prices because of the influx of people seeking to make their fortune (although this may change with the consequences of pandemic).

But it's this bubble in the rest of the country, inflated through credit easing, that has created a huge problem.

That's the things, you can buy a house outside London...

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=58228794&sale=56555621&country=england

133k in Birmingham, 10 minutes from Birmingham city and a train station local.

What if rather than house prices falling drastically, we just push more credit, increase the money supply, QE and go negative on interest rates.

Yea I agree, I wouldn't buy now, but rather wait until Furlough ends, after the dust settles, I expect more house price inflation.

 

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42 minutes ago, blackhole said:

Financialization.  From homes to cars, its found its way into anything it can.  The incentives (for those able to partake) are strong, easy gains etc.  It's planted into peoples minds like a virus, with no questions if or buts.

Why be productive to gain wealth when you can merely sign a piece of paper?  Why skill up and invest your own time + money when it just requires a few signatures to be a financial god?  

#DDTG for the win!  

Indeed. I would consider myself highly skilled, being an engineer from a top university and with great computer science, sales and management experience.

I do earn very good money, but then I still have to slog away for year to take home similar amounts of money (after tax) to my pension fund gains in just 3 days.

It easy to see how the hedge funds and printing are the scam. The money always gets put in at the top. It ok to print to keep hedgies and banks afloat, but we won’t do that for the real economy.

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3 minutes ago, Mikhail Liebenstein said:

It easy to see how the hedge funds and printing are the scam. The money always gets put in at the top. It ok to print to keep hedgies and banks afloat, but we won’t do that for the real economy.

Cantillon effect for anyone who's interested in this.  

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  • 415 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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