Jump to content
House Price Crash Forum
Sign in to follow this  
Bingley Bloke

Time To Turn Bull?

Recommended Posts

I think we should all turn bull and subscribe to the 'house prices only ever go up' theory. Okay, we don't all have to take out a ten times salary mortgage on interest only so we can afford a bedsit, but we should indiscriminately encourage everyone else to buy buy buy! Why? Because the bigger the bubble the bigger the bang! The more suckers who pump their money into property now the less money will be left when the bubble finally bursts, and the lower prices will have to fall before people start buying again when it all goes wrong, because only the extremely poor will be the ones with any money at all having not been able to get on the wagon in the first place. Prices will have to fall to a level where they can afford to buy because everyone else will be bankrupt.

Share this post


Link to post
Share on other sites

I think we should all turn bull and subscribe to the 'house prices only ever go up' theory. Okay, we don't all have to take out a ten times salary mortgage on interest only so we can afford a bedsit, but we should indiscriminately encourage everyone else to buy buy buy! Why? Because the bigger the bubble the bigger the bang! The more suckers who pump their money into property now the less money will be left when the bubble finally bursts, and the lower prices will have to fall before people start buying again when it all goes wrong, because only the extremely poor will be the ones with any money at all having not been able to get on the wagon in the first place. Prices will have to fall to a level where they can afford to buy because everyone else will be bankrupt.

Just let 'em hang themselves. The BBC state the following in their latest propaganda:

http://news.bbc.co.uk/1/hi/business/4751057.stm' rel="external nofollow">
Prices in Conwy, Wales, experienced the biggest drop, falling almost 7% from last year's levels.

A quick check of my area and I see prices (for detached) plunged by more than 8% (Stratford). When the propagnada machine gets it this badly wrong it suggests someone in government is desperately trying to convince the sheeple to buy buy buy and keep the Miracle going--at least until the MIracle Worker gets into No. 10. Far from the rosy picture the BBC paints some areas are going down and the expensive houses are going down the hardest which suggests only cheap property is really selling--at least in the W Midlands.

Edited by Realistbear

Share this post


Link to post
Share on other sites
Guest Winners and Losers

I think we should all turn bull and subscribe to the 'house prices only ever go up' theory. Okay, we don't all have to take out a ten times salary mortgage on interest only so we can afford a bedsit, but we should indiscriminately encourage everyone else to buy buy buy! Why? Because the bigger the bubble the bigger the bang! The more suckers who pump their money into property now the less money will be left when the bubble finally bursts, and the lower prices will have to fall before people start buying again when it all goes wrong, because only the extremely poor will be the ones with any money at all having not been able to get on the wagon in the first place. Prices will have to fall to a level where they can afford to buy because everyone else will be bankrupt.

Yeah, let's all go buy houses. What fun to be had! ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.