geranium Posted February 20, 2006 Share Posted February 20, 2006 Is it just me, or is the nation gradually waking up to the idea that high and rising house prices could be bad news? First BBC Radio 5 Live, now the Metro ... it seems to me a backlash against high house prices has begun. Perhaps this is not surprising when ordinary people and even those on above average salaries cannot afford to buy a home. Come to think of it - who is waking up first? The media or the general public? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted February 20, 2006 Share Posted February 20, 2006 Is it just me, or is the nation gradually waking up to the idea that high and rising house prices could be bad news? First BBC Radio 5 Live, now the Metro ... it seems to me a backlash against high house prices has begun. Perhaps this is not surprising when ordinary people and even those on above average salaries cannot afford to buy a home. Come to think of it - who is waking up first? The media or the general public? The B o E are waking up: http://business.guardian.co.uk/story/0,,1713410,00.html Quote Link to comment Share on other sites More sharing options...
Sparker Posted February 20, 2006 Share Posted February 20, 2006 I think it's just you. The nation's economic ignorance knows no bounds. Quote Link to comment Share on other sites More sharing options...
CrashBear Posted February 20, 2006 Share Posted February 20, 2006 i also think its just you, it'll shock the majority when the crash comes. Quote Link to comment Share on other sites More sharing options...
jrbxyz Posted February 20, 2006 Share Posted February 20, 2006 Is it just me, or is the nation gradually waking up to the idea that high and rising house prices could be bad news? First BBC Radio 5 Live, now the Metro ... it seems to me a backlash against high house prices has begun. Perhaps this is not surprising when ordinary people and even those on above average salaries cannot afford to buy a home. Come to think of it - who is waking up first? The media or the general public? Maybe I'm optimistic, but I think you're right about this. I thought exactly the same thing when I read the Metro this morning. The idea that a story in a mainstream paper on rising house prices would include a multiple-sentence 'counter-point' which argues that such rises are only good for a very narrow stratum of people was, I would say, unthinkable as recently as last year. I do sense a change in the mainstream press, now at least willing to regularly question the idea that 'everyone wins' with higher house prices. Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted February 20, 2006 Share Posted February 20, 2006 i also think its just you, it'll shock the majority when the crash comes. It is true. No-one sees it coming. It is going to take a while for the sheer disbelief to sink in. It will be like grieving for many. Quote Link to comment Share on other sites More sharing options...
geranium Posted February 20, 2006 Author Share Posted February 20, 2006 If Labour government = re-elected on Gordon Brown's "record" Gordon Brown = impression the UK is wealthier impression of wealth = HPI since 1997 HPI since 1997 = no longer seen as a good thing Gordon Brown = no longer seen as a good thing Labour government = out at the next election Any backlash against HPI will mean a backlash against Labour. The electorate will demand "anything but what we've already had". Cameron seems like a nice chap. Quite good looking. It's easy to see it happening. Quote Link to comment Share on other sites More sharing options...
BillyShears Posted February 20, 2006 Share Posted February 20, 2006 ... Labour government = out at the next election Any backlash against HPI will mean a backlash against Labour. The electorate will demand "anything but what we've already had". Cameron seems like a nice chap. Quite good looking. It's easy to see it happening. I don't believe it. Homeowners seem to believe that HPI is the greatest free lunch since time began. And I don't see that changing. What could possibly change is whose side the media is on. Possibly. Billy Shears Quote Link to comment Share on other sites More sharing options...
George Mainwaring Posted February 20, 2006 Share Posted February 20, 2006 When the houseing market / economic crash comes it will be like a bolt from the blue for must people. And the shock will be part of what makes the fallout even worse. They really won't know what's hit them. Quote Link to comment Share on other sites More sharing options...
ShirtyTheSlightlyAggresiveBear Posted February 20, 2006 Share Posted February 20, 2006 They really won't know what's hit them Conversation with someone the other day, degree educated. Had never heard of the dotcom market crash only a few years ago. Never even heard of the phrase 'dotcom'. Completely oblivious to the goings on in the world and historical market crashes in property etc. "But property always goes up..." The majority wont see it coming and they wont know whats hit them. They will be looking for someone to blame. Quote Link to comment Share on other sites More sharing options...
jellybean Posted February 20, 2006 Share Posted February 20, 2006 I don't believe it. Homeowners seem to believe that HPI is the greatest free lunch since time began. And I don't see that changing. True, a lot of the blokes I fly with are a bit older than me and have children leaving home arround now. For the last few years they have looked like dogs with two dicks because they are so rich through hpi and they get a funny glazed expression when they talk about house prices. When you point out that their childern will be denied the life they have had, they have a moment of guilt, then get the funny glassy expression again. A bit like my dog when she has a really really thick turn. Same look when you point out they cant spend the money and their children will have retired by the time they inherit it. Is there any evidence of humans eating their young I wonder? Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted February 20, 2006 Share Posted February 20, 2006 Is there any evidence of humans eating their young I wonder? Not yet. Quote Link to comment Share on other sites More sharing options...
Swipe Posted February 20, 2006 Share Posted February 20, 2006 I think it is slightly starting to emerge in the press but your average Joe Public still thinks HPI is great. To demonstrate the sheer ignorance on their part, even people wishing to trade up would rather have HPI than lower prices. You try explaining it to them and they just don't get it. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted February 20, 2006 Share Posted February 20, 2006 Is there any evidence of humans eating their young I wonder? I think Mr. William Shakespeare had something to say on the matter. Quote Link to comment Share on other sites More sharing options...
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