Tradefair & Financials
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02 Nov 09
00:56
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03 Dec 06
Everything is being thrown at the issue to stop house prices falling. In the long term what would be wrong with houses once again being affordable at a reasonable multiple of earnings?
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Replies: 14
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they are in some areas...
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No they're not.
The lower house prices are the better, except for the minority who have paid over the odds for their property. |
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still historically (only way to look at it) well above normal levels, bubble shouldve nurst properly a few years ago, only building ourselves up for more pain now they havent fallen back to normal levels
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Dont think so!
Low house price inflation for forseeable future will help homes become more affordable. Buyiong is no more expensive than renting in many areas. Lenders will be falling over tehmselves to lend money in 2010 and beyond |
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Just because the eurolad for eg increases its rates does not mean we have to follow-a year of £1=.90 would help us get out of this thing.
Bet you Ireland and Spain wish they had floating rates! |
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Renting would be cheaper too if house prices were cheaper and we'd all be better off.
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Because almost everyone that writes and talks in the media about the subject lives in a big house.
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chisel 02 Nov 16:26
Dont think so! Low house price inflation for forseeable future will help homes become more affordable. Buyiong is no more expensive than renting in many areas. Lenders will be falling over tehmselves to lend money in 2010 and beyond DO YOU NOT SEE WHAT IS HAPPENING!! BANKS HAVE MADE BILLIONS AND BILLIONS OF LOSSES!!! THE GOVERNMENTS AROUND THE WORLD HAVE BAILED THE BANKS OUT!! THAT MONEY IS COMING FROM EVERY TAX PAYER!!! SO WHILE THE BANKS INCREASE THEIR MARGINS AND CAPITALISE THEY ARE MERELY REDRESSING THE MASSIVE MASSIVE IMBLANCE THEY NOW HAVE TO SORT OUT!!! BANKING CRISIS DON'T LAST 2 YEARS, THEY LAST ALOT LONGER AND THIS ONE WAS HARDLY A RUN OF THE MILL ONE. HOWEVER if your view chisel is that the banks are taking the** to such an extent that you genuinely believe they will be able to well capiatlised as the recession bottoms out then maybe, but such a scenario has never happened before. |
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Mikkadd
Thae banks were a disgrace, but some were a bigger digrace than others.. I have asked this question before.. When will banks write back up the value of their assetts. Are all toxic loans toxic? |
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house represents you wealth....and your good sense that its going to be worth a lot in the future....nothing else comes close.
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The big cheeses realise the commercial property bubble is about to hit, the amount of money tied up there is going to hit an even bigger hole in their pockets. Get ready for round 2, every tom, dick or harry knows things are grim, who wants to buy at these prices? Not many
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they arent.
the less people pay for a mortgage/rent, the more cash they have to themselves to spend elsewhere and on other things. people getting up to their eyes in debt to buy a house, means more control, power and money for the banks. 200bn in the hole and for what? the banks still not lending to punters (ie. not doing what they promised) and now cutting thousands of jobs. and when they say, please can we have some more - they will get it. if the govt/B of E want punters in this country to spend to get the country going, as they are obsessed with houses and house prices, why dont they say to every mortgagee 'u can all have a mortgage holiday for 6 months - the govt will pay'? |
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wolsey
FFS don't encourage them. Even as we speak chisel is sending a crayoned plea on Broadmoor bog paper to a certain Mr Darling/Brown. |
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as a long term investment....only a moron wouldnt buy a house...
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