House prices explained in simple terms

[sasguru]

Who said to do that?

I'm just making an observation

The house price bubble has alot of similarity to the tech stock bubble. Did the massive gains in that result from 'value' or was it greed and hert mentality pushing up the stocks? When they fell it was fear and herd mentality.

Ah the human condition, eh?

[Bagpuss]

Oh goody, let's abolish them and let a central body decide prices.
No wait, didn't someone try that already?

Who said to do that?

I'm just making an observation

The house price bubble has alot of similarity to the tech stock bubble. Did the massive gains in that result from 'value' or was it greed and hert mentality pushing up the stocks? When they fell it was fear and herd mentality.

[wendigo100]

One sentence to explain all markets

Fear and greed

oh and herd mentality

That appears to summarise AtW's point. Is he correct then?

[sasguru]

One sentence to explain all markets

Fear and greed

oh and herd mentality

Oh goody, let's abolish them and let a central body decide prices.
No wait, didn't someone try that already?

[Bagpuss]

One sentence to explain all markets

Fear and greed

oh and herd mentality

[Mordac]

"C++ is to C as lungcancer is to lung"

Unix Haters Bible (or whatever).

That hasn't helped. Sorry.

[Mordac]

For the benefit of those of you who know C++ better than Economics:

I know a bit about Economics (what I can remember from my A Level days) but I don't know what C++ is, so you've really confused me now. Is it slightly better that C+ and a bit worse than B-? I used to get C+'s all the time, and the occasional B-, but never a C++. Should I have worked harder?

[VectraMan]

Yaay! Another house price thread.

[sasguru]

For the benefit of those of you who know C++ better than Economics: current UK house prices are speculative bubble that will inevitably burst, it is just a question when (the later it happens, the worse it will be).

Right now there are 4 parties in this problem:

1) Fairly large group: those who bought property sometime ago and seen its value raise - they are obviously biased and can be discounted

2) Not big, but substantial: those who bought or going to buy property now - sh1t scared it will drop in price, so in denial - they too, can be discounted.

3) Fairly large group: Those who can't afford property but desperately want to buy it - naturally they wish prices go down, so these can be discounted as biased as well.

4) The last group comprises of few men with hearts of a lion and cool minds that are capable of abstracting from bias and providing objective view over complex problem that others fail to see from different viewpoints.

Stick to SKA - you know absolutely zilch about anything else....

[Hart-floot]

House Prices explained...

Simple, City Bonuses and Immigration

[Lucy]

*with lion's hearts

[Spartacus]

I don't know about you, but I bought my house to live in. Everything else is irrelevant.

[AtW]

For the benefit of those of you who know C++ better than Economics: current UK house prices are speculative bubble that will inevitably burst, it is just a question when (the later it happens, the worse it will be).

Right now there are 4 parties in this problem:

1) Fairly large group: those who bought property sometime ago and seen its value raise - they are obviously biased and can be discounted

2) Not big, but substantial: those who bought or going to buy property now - sh1t scared it will drop in price, so in denial - they too, can be discounted.

3) Fairly large group: Those who can't afford property but desperately want to buy it - naturally they wish prices go down, so these can be discounted as biased as well.

4) The last group comprises of few men with hearts of a lion and cool minds that are capable of abstracting from bias and providing objective view over complex problem that others fail to see from different viewpoints.