Clio172 Posted October 8, 2013 Share Posted October 8, 2013 Because house prices are nearing the mortgages on them :-):-) Link to comment Share on other sites More sharing options...
avidcameron Posted October 8, 2013 Share Posted October 8, 2013 The majority, are in many cases wrong. The minority (it's not actually a minority at all when you start to consider just 1 future generation), are at least correct. Why are the majority wrong?Are you suggesting that you are smarter than 20 million home owners-that seems a little presumptuous? Link to comment Share on other sites More sharing options...
poppet2 Posted October 8, 2013 Author Share Posted October 8, 2013 Odd, that the only banks that are involved with George Osborne’s £12bn 'Help to Buy plan', are all state owned. Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted October 8, 2013 Share Posted October 8, 2013 If you already own a property: falling values leave you largely unscathed. Selling it and buying another would not be affected, as that other property's value fell too. If you do not already own a property: falling values are god news. Maybe you might be able to buy. So the fall is mostly good news (unless you're selling but not buying). Link to comment Share on other sites More sharing options...
spilldig Posted October 8, 2013 Share Posted October 8, 2013 We DON'T shout for joy when the price of fuel, gas & electric and shopping bills increase, so why the opposite reaction when house prices increase? I'm not happy when house prices rise,it just means more people can't afford their own home. Link to comment Share on other sites More sharing options...
nightrider Posted October 8, 2013 Share Posted October 8, 2013 Why are the majority wrong?Are you suggesting that you are smarter than 20 million home owners-that seems a little presumptuous? Its evidence based (read cyclones post) that he is right, and if the majority think otherwise then yes they are indeed wrong. Link to comment Share on other sites More sharing options...
GLASGOWOODS Posted October 8, 2013 Share Posted October 8, 2013 Errr no.. My mortgage will be finished shortly..my kids have grown up,I can sell up,buy a smaller place and have a big lump of cash in my bank.. Until dementia calls at your door..Then watch and weep as your lovely nest egg is eaten away rather quickly by the care home... Unless your family look after you of course. Link to comment Share on other sites More sharing options...
avidcameron Posted October 8, 2013 Share Posted October 8, 2013 Its evidence based (read cyclones post) that he is right, and if the majority think otherwise then yes they are indeed wrong. He said they were wrong to feel happy-I think he meant they were misguided.I cannot help it if he expresses himself ambiguously-people cannot be wrong when expressing a subjective statement ie an opinion. Link to comment Share on other sites More sharing options...
Dardandec Posted October 8, 2013 Share Posted October 8, 2013 Equity is and always will be the most important thing in property and I'm surprised nobody has mentioned that. Technically it doesn't matter if you would have been (less in debt) in times gone by or (more in debt) now. Its irrelevant if you are in positive equity, its win win all the way. House price rises can take home owners out of negative or make less negative Equity, and that can be a breath of fresh air for some home owners if they need to bail out of home ownership for any reason. Link to comment Share on other sites More sharing options...
SpikeMac Posted October 8, 2013 Share Posted October 8, 2013 The trouble is that equity can fuel inflation. There must be plenty of people in the country who have equity well into six figures. For the most part, this is unearned income. If/when people decide to release that equity and spend it, we get inflation. House price rises are generally not good for the economy. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.