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Guest consa

Are We Heading Into Another Property Boom? Don't Bet The House On This Rally Continuing

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Guest consa

Mervyn King, the governor of the Bank of England, might appear to some to be a housing market guru. After all, it was his well-timed warning in June 2004 that the market was getting out of hand that brought the boom shuddering to a halt.

But, as Mr King has admitted on several occasions, he has no idea what will happen to house prices in future. Nor, he warns, does anyone else.

So what should we make of the new house price rally? Is the market inflated by a fresh boom reminiscent of the one that Mr King put paid to in 2004 or is it, as one pundit put it, a "muppet rally"?


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Guest consa

A couple of Profs have come up with Proof that we are not in a Bubble

Link: http://www.safehaven.com/article-4900.htm

The discussion reads fine, until this point...

" I am very surprised that no one questioned the key assumption that house prices will rise 6% a year from now until eternity."

hahaha. The Smiths should go back to making music

:lol: pmsl

People are always looking for reasons to justify their purchase. It happened with the Nasdaq bubble and it is happening again in the echo bubble in housing. Their study, a 60 page PDF, is impressive in length but unfortunately their key assumption is as flawed as dot com "click count" analysis was in 1999.

A waste of 60 pages IMO

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  • 302 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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