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Realistbear

Uber- Bull Paper Goes Bear On Disastrous H P I

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http://www.thisisbath.co.uk/displayNode.js...&folderPk=89096

HOUSE PRICES COULD CRIPPLE BUSINESS

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11:15 - 13 June 2006

Rising house prices could end up paralysing business unless something is done, says a new group. The South West Housing Initiative says the continuing climb of house prices across the Bath and Wiltshire region is hampering recruitment and affecting pay claims.
The group brings together home-builders, housing associations, housing professionals and private business. And the new body has come to the conclusion that
unless something is done to combat the region's 'housing crisis' the money-making businesses that fuel its economy could face a bitter battle for survival
. "The south west has the biggest affordability gap between average earnings and average house-prices, at a time when home-building is not keeping pace with demand," said Michael Clarke, the chairman of the South West Housing Initiative.

A few more wake up and smell the coffee. Of course HPI has been crippling business. That is why our manufacturing base is dissappearing abroad where its cheaper to make things. IT is being offshored because houses are cheaper in Asia! Duh.

HPI sucks the lifeblood out of the economy into houses that are meant to be a place to live not a vehicle for speculation or crippling debt. As people struggle to pay for over-priced houses with 70% or more of their disposable income guess how much is left over to keep the local economy going? Not much.

Tick tock, tick tock.................. :o

Edited by Realistbear

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http://www.thisisbath.co.uk/displayNode.js...&folderPk=89096

HOUSE PRICES COULD CRIPPLE BUSINESS

Be the first reader to comment on this story

11:15 - 13 June 2006

Rising house prices could end up paralysing business unless something is done, says a new group. The South West Housing Initiative says the continuing climb of house prices across the Bath and Wiltshire region is hampering recruitment and affecting pay claims.
The group brings together home-builders, housing associations, housing professionals and private business. And the new body has come to the conclusion that
unless something is done to combat the region's 'housing crisis' the money-making businesses that fuel its economy could face a bitter battle for survival
. "The south west has the biggest affordability gap between average earnings and average house-prices, at a time when home-building is not keeping pace with demand," said Michael Clarke, the chairman of the South West Housing Initiative.

A few more wake up and smell the coffee. Of course HPI has been crippling business. That is why our manufacturing base is dissappearing abroad where its cheaper to make things. IT is being offshored because houses are cheaper in Asia! Duh.

HPI sucks the lifeblood out of the economy into houses that are meant to be a place to live not a vehicle for speculation or crippling debt. As people struggle to pay for over-priced houses with 70% or more of their disposable income guess how much is left over to keep the local economy going? Not much.

Tick tock, tick tock.................. :o

Global liquidity has been used to inflate asset bubbles rather than stimulate new business that helps the economy grow.

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Indeed. Why weren't these papers warning about these things five years ago?

Ah, because rising house prices were good back then.

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http://www.thisisbath.co.uk/displayNode.js...&folderPk=89096

HOUSE PRICES COULD CRIPPLE BUSINESS

Be the first reader to comment on this story

11:15 - 13 June 2006

Rising house prices could end up paralysing business unless something is done, says a new group. The South West Housing Initiative says the continuing climb of house prices across the Bath and Wiltshire region is hampering recruitment and affecting pay claims.
The group brings together home-builders, housing associations, housing professionals and private business. And the new body has come to the conclusion that
unless something is done to combat the region's 'housing crisis' the money-making businesses that fuel its economy could face a bitter battle for survival
. "The south west has the biggest affordability gap between average earnings and average house-prices, at a time when home-building is not keeping pace with demand," said Michael Clarke, the chairman of the South West Housing Initiative.

A few more wake up and smell the coffee. Of course HPI has been crippling business. That is why our manufacturing base is dissappearing abroad where its cheaper to make things. IT is being offshored because houses are cheaper in Asia! Duh.

HPI sucks the lifeblood out of the economy into houses that are meant to be a place to live not a vehicle for speculation or crippling debt. As people struggle to pay for over-priced houses with 70% or more of their disposable income guess how much is left over to keep the local economy going? Not much.

Tick tock, tick tock.................. :o

I thought you'd said that house prices were falling?

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As with many posters on this website you seem confused about the meaning of the word 'bear' (someone taking a view that a particular asset will decline in value in the future). In this case the author of the article is expressing concern at the effects of HPI, which he or she presumes will continue, and is therefore a 'bull' in the parlance.

Perhaps there needs to be new term for someone wanting house prices to fall as opposed to believing that they will.

Edited by BoredTrainBuilder

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As with many posters on this website you seem confused about the meaning of the word 'bear' (someone taking a view that a particular asset will decline in value in the future). In this case the author of the article is expressing concern at the effects of HPI, which he or she presumes will continue, and is therefore a 'bull' in the parlance.

Perhaps there needs to be new term for someone wanting house prices to fall as opposed to believing that they will.

I'd support that.

I want a hpc, so I consider myself a Bear. However, because I don't think it will happen now, and sometimes challenge the more ridiculous bear assertions, many accuse me of being a bull.

I don't really care, but it would be helpful to clear up the definition!

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I thought you'd said that house prices were falling?

Not in Bath, according to the ODPM they are still soaring:

Bath And North East Somerset
Average Cost: £249,488
Detached: £364,655
Semi-detached: £219,784
Terraced: £226,782
Flat: £202,185
Change in last quarter: 1.1%
Change in last year: 3.6%

Detached didn't do quite so well:

Bath And North East Somerset £364,655
-11.8%

But Flats broke all records:

Bath And North East Somerset £202,185 14.3%

Semis did a little worse/better depending on whether you are a bull or bear:

Bath And North East Somerset £219,784
-4.8%

Finally, Terraced were strong:

Bath And North East Somerset £226,782 4.7%

Overall 1.1% up for the Q not quite as good as a bank savings account but better than nothing.

Figures supplied by:

http://news.bbc.co.uk/1/shared/spl/hi/in_d...l/region8.stm?d

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Not in Bath, according to the ODPM they are still soaring:

Bath And North East Somerset
Average Cost: £249,488
Detached: £364,655
Semi-detached: £219,784
Terraced: £226,782
Flat: £202,185
Change in last quarter: 1.1%
Change in last year: 3.6%

Detached didn't do quite so well:

Bath And North East Somerset £364,655
-11.8%

But Flats broke all records:

Bath And North East Somerset £202,185 14.3%

Semis did a little worse/better depending on whether you are a bull or bear:

Bath And North East Somerset £219,784
-4.8%

Finally, Terraced were strong:

Bath And North East Somerset £226,782 4.7%

Overall 1.1% up for the Q not quite as good as a bank savings account but better than nothing.

Figures supplied by:

http://news.bbc.co.uk/1/shared/spl/hi/in_d...l/region8.stm?d

1.1% per quarter is soaring? What term would you use to describe, say, 3%/quarter?

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I think it's rather selfish that those employed in the Bath area don't retrain into higher paid jobs. It is widely known that GPs and the other more highbrow professions attract substantial renumeration. This in turn would sustain the exorbitant prices we have become accustomed to. e.g. based on £100K a year it is easy to qualify for a mortgage of £364,655.

Perhaps those living in the region are just indolent or worse?

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I think it's rather selfish that those employed in the Bath area don't retrain into higher paid jobs. It is widely known that GPs and the other more highbrow professions attract substantial renumeration. This in turn would sustain the exorbitant prices we have become accustomed to. e.g. based on £100K a year it is easy to qualify for a mortgage of £364,655.

Perhaps those living in the region are just indolent or worse?

No, that would just push prices up higher. More money available = higher prices.

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1.1% per quarter is soaring? What term would you use to describe, say, 3%/quarter?

My choice of words was, of course, tongue in cheek. EAspeak if you like.

In reality I would describe the present Bath market as DIW (dead in the water) awaiting a Tidal wave.

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My choice of words was, of course, tongue in cheek. EAspeak if you like.

In reality I would describe the present Bath market as DIW (dead in the water) awaiting a Tidal wave.

So I go back to my original point. If it's dead, what's the problem?

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So I go back to my original point. If it's dead, what's the problem?

Because prices need to fall significantly for the general good?

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Because prices need to fall significantly for the general good?

Well, according to all of RealistBear's posts it's well on course for a huge crash. Everything's going nicely, he posts evidence of this several times a day.

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Well, according to all of RealistBear's posts it's well on course for a huge crash. Everything's going nicely, he posts evidence of this several times a day.

At least that's settled then.

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Well, according to all of RealistBear's posts it's well on course for a huge crash. Everything's going nicely, he posts evidence of this several times a day.

It's called faith - the more avid, the better. If praying doesn't work, just pray harder.

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As with many posters on this website you seem confused about the meaning of the word 'bear' (someone taking a view that a particular asset will decline in value in the future). In this case the author of the article is expressing concern at the effects of HPI, which he or she presumes will continue, and is therefore a 'bull' in the parlance.

Perhaps there needs to be new term for someone wanting house prices to fall as opposed to believing that they will.

Exactly, nothing would please me more than a whopping big fall of 40%, but it just is not going to happen(or unlikely to happen), and the falls that we do get will take years. Ok, start the "Sam's a troll posts" :)

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Guest grumpy-old-man

I'd support that.

I want a hpc, so I consider myself a Bear. However, because I don't think it will happen now, and sometimes challenge the more ridiculous bear assertions, many accuse me of being a bull.

I don't really care, but it would be helpful to clear up the definition!

Hi CO,

when you say a hpc won't happen now, why not & do you thing there will be one or not at all?

thanks

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  • 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%



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