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    #51
    Originally posted by nomadd View Post
    An ill-considered argument at best.

    The under 35 age group have so little pay, so much debt, so few prospects, they will never have the money to keep the housing bubble inflated. Why on earth do you think housing transaction volumes have collapsed?

    Immigrants are among the worst paid people in the country. Most of them are looking to return home.

    The housing bubble was a direct result of lax lending policies which have now disappeared - completely.

    QE has already proved a failure. Further QE seems to be well and truly off the table.

    A few MPs property portfolios aren't going to keep the biggest bubble in history afloat.

    Here's a few nice houses in Hale, Cheshire. This is an area of extreme wealth, so the least likely to be affected by a downturn in the economy. Notice a trend on the following graphs?:

    Home.co.uk: Price Information for 8-Bed Detached House For Sale In Broad Lane, Hale, Cheshire, WA15 0DE
    Home.co.uk: Price Information for 6-Bed Detached House For Sale In South Downs Road, Bowdon
    Home.co.uk: Price Information for 6-Bed Detached House For Sale In Theobald Road, Bowdon, Altrincham WA14
    Home.co.uk: Price Information for 7-Bed Detached House For Sale In Church Green, Warburton
    Home.co.uk: Price Information for 6-Bed Detached House For Sale In Barry Rise, Bowdon
    Home.co.uk: Price Information for 5-Bed Detached House For Sale In Barrow Lane, Hale
    Home.co.uk: Price Information for 6-Bed Detached House For Sale In Oakmere, Park Drive, Hale WA15
    Home.co.uk: Price Information for 6-Bed Detached House For Sale In Hale Road, Hale

    EDIT: BTW, I've lived and worked in London for the last 25 years also, so am well aware of the London/SE market. Again, an even bigger bubble with even greater falls ahead of it. Nearly all the I.T. has gone to India, and thousands of Banking job losses are announced every week these days. All the young people coming to London are utterly broke, so forever rising rents are not an option to cover BTL portfolios taken out at today's prices with artificially low IRs. Where I live in North London, the rent on a property would never cover the BTL mortgage taken out on it today - you'd be effectively subsidising a renter for the next 25 years.
    Extrapolating a economic theory based on 8-9 house price fluctuation over 1 year? Are you serious?

    Comment


      #52
      Originally posted by LatteLiberal View Post
      Extrapolating a economic theory based on 8-9 house price fluctuation over 1 year? Are you serious?
      ...you skipped both the point, and the remaining 90% of my post. Are you serious?

      EDIT: IF you are serious, come and start a new thread: http://www.housepricecrash.co.uk/for...p?showforum=22
      We'd love to debate - sensibly - your views on the UK housing market; we've been doing just that for many years. All welcome.
      Last edited by nomadd; 8 December 2012, 12:28.
      nomadd liked this post

      Comment


        #53
        Originally posted by nomadd View Post
        ...you skipped both the point, and the remaining 80% of my post. Are you serious?
        The rest were mere statements of opinion or anecdotal parroting from some alarmist newspaper not backed by any evidence. The only evidence you put forth was dealt with in my previous post.

        Comment


          #54
          Originally posted by LatteLiberal View Post
          The rest were mere statements of opinion or anecdotal parroting from some alarmist newspaper not backed by any evidence. The only evidence you put forth was dealt with in my previous post.
          Parroting? Alarmist newspapers? Pretty poor counter-arguments, no? Your previous post just avoided the issues, it didn't deal with them. And "anecdotal parroting"? Well, that starts us down the slope of trading insults - something of a CUK General speciality.

          As I said, if you would like to have a sensible debate on UK housing, I'll be waiting for you on a more suitable forum - one dedicated to just that subject. I doubt you'll have the guts, though. Still, surprise me by starting a new thread there and posting a link.
          nomadd liked this post

          Comment


            #55
            Originally posted by nomadd View Post
            Parroting? Alarmist newspapers? Pretty poor counter-arguments, no? Your previous post just avoided the issues, it didn't deal with them. And "anecdotal parroting"? Well, that starts us down the slope of trading insults - something of a CUK General speciality.

            As I said, if you would like to have a sensible debate on UK housing, I'll be waiting for you on a more suitable forum - one dedicated to just that subject. I doubt you'll have the guts, though. Still, surprise me by starting a new thread there and posting a link.
            Are you speaking about the house price crash forum that has been announcing the pending crash since god knows when? Wonder when they will give up and admit they were wrong. I would rather post on a UFO sighting forum or David Ickes.

            Comment


              #56
              Originally posted by LatteLiberal View Post
              The rest were mere statements of opinion or anecdotal parroting from some alarmist newspaper not backed by any evidence. The only evidence you put forth was dealt with in my previous post.
              Lol. See Gold thread for poor debating. Some fella over there is banging on about spring water.
              What happens in General, stays in General.
              You know what they say about assumptions!

              Comment


                #57
                Originally posted by MarillionFan View Post
                Lol. See Gold thread for poor debating. Some fella over there is banging on about spring water.
                Banter != debating, I was winding you up mate and you fell for it, bet you have the flights already booked for Africa?

                Comment


                  #58
                  Originally posted by MarillionFan View Post
                  Lol. See Gold thread for poor debating. Some fella over there is banging on about spring water.
                  And 2004 prices too.

                  Still, if it's fizzy, the "alarmist press" will be declaring it another "bubble."
                  nomadd liked this post

                  Comment


                    #59
                    House prices will stagnate for the next 20 years and return to levels affordable to the next generation, my house is probably 17 times the UK average salary and whilst it is a great house in a great street it is hardly a McMansion. People in their 20s will not be given the chance to buy it by the banks.

                    Comment


                      #60
                      Originally posted by nomadd View Post
                      An ill-considered argument at best.

                      The under 35 age group have so little pay, so much debt, so few prospects, they will never have the money to keep the housing bubble inflated. Why on earth do you think housing transaction volumes have collapsed?

                      Immigrants are among the worst paid people in the country. Most of them are looking to return home.
                      I must be one lucky 28-yr-old immigrant chick.

                      Comment

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