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Topic History of: Housing Prices to go down another 20%
Max. showing the last 5 posts - (Last post first)
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veritas |
Oh Roger..you are the worst of the worst-a property speculator !!
Come the revolution it's you we are putting against the wall and I'll be aiming my .303 from my wheelchair...
but you are perfectly correct though. The property market is made up of many factors and it's always-location location location.
That's been one of the worst aspects of the articficially created market over the past 10 years with an alignment of specualtors and hand-in hand governments who relaxed controls-in the USA, UK and Australia.
Telling those in the middle class they could have it all and should shove every spare penny into property and allowing them to believe they had real wealth when it was just all on paper.
It was all bound to end in tears and we get what we have today-a collapse in some areas but never the banks of course-they get our money for free to lend back to us and charge interest. And the cycle can begin all, over again !.
But don't get me wrong-In no way am I anti-capitalism. I'm just still waiting to see it put in place one day. |
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Roger |
No I am not - only that there are so many different markets to make the combined figures less than relevant to most of us.
In the national press yesterday, a third of an acre plot (no house) in Sandbanks,Poole was offered for £13.5m. Places like Hastings and Dover will offer flats for less than JK's car.
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BR |
Well Roger - I agree with you.
But you can put all the figures together ( as the National Stats office does ) and then release them. Are you saying that their statistics are wrong ? |
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robbiex |
Yesterday on radio 5 live, one of the main news stories was that house prices are on the rise for the third month running, which is the complete opposite to what you are saying. Who would you trust more the bbc or Murdoch's right wing sky news. |
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Roger |
BR.....again, you miss the point.
There is not just one property market in the UK - there are 100's and all have different statistics.
For simplicity, I give two extreme examples.
Park Lane/Belgravia. Prices/demand have not really changed.
Kirby. There is no market whatsoever.
In between, different areas have vastly different markets; but to give broad figures for the entire UK is not as relevant as you think.
Ask your expert; I think you'll find he'll agree.
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