Search results

But it doesn't prove it either! It hasn't gone unnoticed that you haven't actually claimed that it does..... Now it's time to park this. We've both given it a good go. I have a busy day before the game tomorrow and any more replies from you will be met with groans! By all means have the...

I appreciate the history lesson, but the point remains that all the real world data I quoted, is the opposite of what your theory suggests! To paraphrase your comment above, 'I would have been right, were it not for a house price bubble, reckless lending, the bubble bursting, a lowering of...

To confirm, you say that prices are affected by a range of factors on a moment by moment basis, but widen the time horizon, and all those factors mysteriously vanish, and long term price rises are dependent only on cheap credit. Not very likely is it? Aren't you massaging the data to fit your...

How do you reconcile 'of course there are other factors at work' with this in your previous comment 'At the same time house price growth has significantly outpaced wage growth and the only reason that they have continued to rise is because of ultra low-interest rates'? In what way does 'the...

First and foremost, I would agree that there is a negative correlation between house prices and interest rates. When interest rates rise, there is downward pressure on house prices. When interest rates fall, there is upward pressure on house prices. But that doesn't mean to say, that house...

I see what you mean about the landlord in Sheffield - low interest rates could well mean the difference between buying an investment property (=the yield makes it worthwhile) and deciding not to buy it (=the sums don't add up). For this reason, I think it is less likely to apply for your average...

It's a lot more complex than that. Low interest rates have facilitated demand, but they don't create it ! People have still got to be willing and able to buy a house and service the mortgage debt. As for landlords, they're just another scapegoat that people often blame high prices on, along...

Maybe it's not a bubble. If you take the view, as I do, that house prices are purely a result of supply and demand, then the problem can be narrowed down to 'too many households' and/or 'too few houses'. Scapegoating banks, investors or anyone else is a waste of time. IMO the root cause is...

The abridged version is as follows. You didn't offend me. But I am bemused at your conduct. Every time I point out the facts to you, you ignore them and talk about something else. You made an incorrect claim, that Joe Public doesn't get a look in. Of course he does, far more than anyone else...

Crumbs. Take it easy. All I did was post a couple of links which countered your claim that 'Joe Public doesn't get a look in' with the 'number of first time buyers at a 20 year high'. You evidently have a problem with facts. I'll remember that next time and adjust my style. The irony is, if...

Blimey. Joe Public doesn't get a look in? Who are these whales, sharks and minnows? Do you have any numbers on these transactions, because the industry data in front of me, suggests the polar opposite of what you claim...

I can't really figure out why so little is coming onto the market, unless it just doesn't exist in the first place. You'll still get the 3 Ds - death, divorce, debt, providing a steady stream of property onto the sales market, but many of these are snapped up by estate agents phoning around...

It always amazes me how a even a small difference in demand can lead to extraordinary differences in the prices and rents that the marginal buyer or tenant pay. I'm vaguely aware that it is something to do with the demand-supply curves in economics, but that's where my knowledge of it ends...

A desperate lack of property obviously points to rising prices, and prices have just risen again in January. Maybe the demand-supply imbalance is so great, that removal of the stamp duty holiday didn't affect the direction of house prices.

What are you seeing on the front line? I'm hearing from estate agents there is still a supply-demand imbalance with not enough property for sale to satisfy demand. As a mortgage broker, do you see the same thing, or are you a bit further down the path, in that buyers need to have found a place...

It's striking reading through the past comments on this thread. Everyone was predicting a fall/crash etc, and if I had posted a comment on this thread, it would have been the same. Thinking back, I would have predicted something like a 10-20% fall. I can't think of one single person (whether...