Wednesday, Nov 01, 2006

An attempt to explain the continuing rise

Moneyweek: Why are house prices rising ?

It all seems plausible - but they have been saying it for ages.

Posted by holding out @ 01:55 PM (383 views)
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2 Comments

1. sirgoogle said...

It is all correct

Hovever the "sheeple" rule the Housing Market and therefore we have to wait for the herd (flock) mentality to change sentiment over house prices. Until that happens the "sheeple" will continume to bleet that "renting is dead money" and "house prices only ever go up".

We will all know when it turns - it will be when that sodding git in the pub who is so smug about his property and how much "paper money" it is worth starts to change his tune - or can't afford to go out or even buy himself a pint. Why do "sheeple" always say that house prices are relative and only paper money?? I think that a mortgage of 200K is not paper money - it is very real if you cannot make the payments.

Wednesday, November 1, 2006 03:35PM Report Comment
 

2. Nohpc said...

umm. all money is paper dude. And money exists to be spent. And if you can't make the payments you sell - hardly a life crisis - then buy something a bit cheaper.

Wednesday, November 1, 2006 09:53PM Report Comment
 

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