bearishbull
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At little bit of sense at last (please don't flame me Loki, it's only an opinion)keth said:Everyone here is talking about the almost immediate future of the house prices/value etc. The larger future (10 years plus, not the next 2-5 years) will see house prices rise, even if they do stagnate, even dip in the near interim.
We may or may not be in the midst of speculative inflation, but real inflation will prevail as it always has and will ultimately raise the price of property over the longer term. Someone correct me, but inflation by it's very definition can only go up in the long term.
There are those that believe everyone will suddenly run screming and sell if the value of their house doesn't perform. Property for 99% of people are not shares in the market.
Personally, I think we are starting to suffer from a little paranoia given the interest rate rise.
Keth.
Sadly, and I don't mean to be personal, but it's usually the sad loser trotsky-ites who havn't a penny to buy a house who ring their hands at the thoughts of a market collapse, as if they'll have the rich pickings when the time comes for everyone else to sell.
keth said:Everyone here is talking about the almost immediate future of the house prices/value etc. The larger future (10 years plus, not the next 2-5 years) will see house prices rise, even if they do stagnate, even dip in the near interim.
keth said:Sadly, and I don't mean to be personal, but it's usually the sad loser trotsky-ites who havn't a penny to buy a house who ring their hands at the thoughts of a market collapse, as if they'll have the rich pickings when the time comes for everyone else to sell.
Everyone here is talking about the almost immediate future of the house prices/value etc. The larger future (10 years plus, not the next 2-5 years) will see house prices rise, even if they do stagnate, even dip in the near interim.
We may or may not be in the midst of speculative inflation, but real inflation will prevail as it always has and will ultimately raise the price of property over the longer term. Someone correct me, but inflation by it's very definition can only go up in the long term.
There are those that believe everyone will suddenly run screming and sell if the value of their house doesn't perform. Property for 99% of people are not shares in the market.
Personally, I think we are starting to suffer from a little paranoia given the interest rate rise.
Keth.
keth said:Sadly, and I don't mean to be personal, but it's usually the sad loser trotsky-ites who havn't a penny to buy a house who ring their hands at the thoughts of a market collapse, as if they'll have the rich pickings when the time comes for everyone else to sell.
And a 24year old looking to buy a house is so objective. It is quite apparent that what people want means nothing other than that. It doesn't make it good. Let me give an example more cheaper drugs ARE A GODD THING ask a 24 year old junkie.walk2dewater said:Let me repeat lower house prices ARE A GOOD THING. Ask any 24yr old.
Fumble in the greasy til, indeed.
Carpenter said:I believe Ben Dunne made some comments on the whole subject today, I didn't hear him myself- did anyone catch it?
Loki said:And a 24year old looking to buy a house is so objective. It is quite apparent that what people want means nothing other than that. It doesn't make it good. Let me give an example more cheaper drugs ARE A GODD THING ask a 24 year old junkie.
A really lame argument
I think the people in th former East Germany might disagree there. Isn't Japan recovering from a huge massive crash?bearishbull said:general consumer inflation is near inevitable and a little of this is good for and economy but for assets like houses theres no guarantee,house prices in germany japan etc are lower now than they have been on previous 2 decades.
Loki said:Isn't Japan recovering from a huge massive crash?
Loki said:I think the people in th former East Germany might disagree there. Isn't Japan recovering from a huge massive crash?
Both have had massive political turmoil I think it is very suspect using them as example.
Found this short summary with the help of google.beattie said:What huge turmoil did Japan suffer?
So what you're suggesting is that speculation in property was one of the direct causes of the crash in Japan, not a result of said crash?tiger said:Found this short summary with the help of google.
http://www.stock-market-crash.net/nikkei.htm
Basically speculation on property & the stockmarket lead to a crash in 1991 which resulted in the Nikkei losing over 75% of its value and property values falling for 14 straight years
Carpenter said:I believe Ben Dunne made some comments on the whole subject today, I didn't hear him myself- did anyone catch it?
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