Comments on: Hands off our falling house prices http://monevator.com/hands-off-our-falling-house-prices/ Make more money, invest profitably, retire early Wed, 23 May 2012 05:56:40 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Ade http://monevator.com/hands-off-our-falling-house-prices/comment-page-1/#comment-41694 Ade Wed, 28 Jul 2010 08:16:16 +0000 http://monevator.com/2008/04/18/hands-off-our-falling-house-prices/#comment-41694 Footnote: (off subject a little so appologies) Confidence is pretty low with regard to tackling Climate Change over the next decades in light of these financial failings. And... (closes can of worms) Footnote: (off subject a little so appologies)

Confidence is pretty low with regard to tackling Climate Change over the next decades in light of these financial failings. And… (closes can of worms)

]]> By: Ade http://monevator.com/hands-off-our-falling-house-prices/comment-page-1/#comment-41693 Ade Wed, 28 Jul 2010 08:09:15 +0000 http://monevator.com/2008/04/18/hands-off-our-falling-house-prices/#comment-41693 Interestingly, the Wikipedia definition of "Credit Crunch" concludes that the UK housing market bubble is merly a Pyramid Scheme. Further, intrestingly, Pyramid Schemes are illegal in some countries including the UK. I remember saying to colleagues around 2003/4 that this indeed seemed to be the case with the UK housing market, with lending being sanctioned on the promise of an ever increasing asset value with little likelyhood of a drop (loosely the mechanism of a Pyramid Scheme). We all heard the rumors that lending was reckless years before the crunch. I was unsurprised but disappointed to be proved right as I am sure all those others out there were when the crunch came. An asset is only worth what someone else will pay for it, so the figures on paper for current house pricing don't really relate to much. Suddenly the country is not feeling quite so wealthy. Houses are somewhere for people to live rather than their life, which the burden of heavy debt can become. (sighs) Interestingly, the Wikipedia definition of “Credit Crunch” concludes that the UK housing market bubble is merly a Pyramid Scheme. Further, intrestingly, Pyramid Schemes are illegal in some countries including the UK. I remember saying to colleagues around 2003/4 that this indeed seemed to be the case with the UK housing market, with lending being sanctioned on the promise of an ever increasing asset value with little likelyhood of a drop (loosely the mechanism of a Pyramid Scheme). We all heard the rumors that lending was reckless years before the crunch. I was unsurprised but disappointed to be proved right as I am sure all those others out there were when the crunch came. An asset is only worth what someone else will pay for it, so the figures on paper for current house pricing don’t really relate to much. Suddenly the country is not feeling quite so wealthy. Houses are somewhere for people to live rather than their life, which the burden of heavy debt can become. (sighs)

]]> By: Carnival of Net Worth #1 http://monevator.com/hands-off-our-falling-house-prices/comment-page-1/#comment-334 Carnival of Net Worth #1 Thu, 24 Apr 2008 16:42:31 +0000 http://monevator.com/2008/04/18/hands-off-our-falling-house-prices/#comment-334 [...] Investor presents Hands off our falling house prices posted at Monevator.com, saying, “Why are rising prices for wheat and rice bad, and yet [...] [...] Investor presents Hands off our falling house prices posted at Monevator.com, saying, “Why are rising prices for wheat and rice bad, and yet [...]

]]> By: Vince Cable attacks attempts to prop up house prices | Monevator.com http://monevator.com/hands-off-our-falling-house-prices/comment-page-1/#comment-321 Vince Cable attacks attempts to prop up house prices | Monevator.com Wed, 23 Apr 2008 16:08:09 +0000 http://monevator.com/2008/04/18/hands-off-our-falling-house-prices/#comment-321 [...] you’re new here, read my post urging the Government to leave house prices to fall to sensible levels, and see how housing is over-priced, relative to [...] [...] you’re new here, read my post urging the Government to leave house prices to fall to sensible levels, and see how housing is over-priced, relative to [...]

]]> By: The Bank of England’s £50 billion banking bailout | Monevator.com http://monevator.com/hands-off-our-falling-house-prices/comment-page-1/#comment-296 The Bank of England’s £50 billion banking bailout | Monevator.com Mon, 21 Apr 2008 11:01:17 +0000 http://monevator.com/2008/04/18/hands-off-our-falling-house-prices/#comment-296 [...] The banks are taking a haircut on their assets, so the Bank of England has some protection from further falls in house prices [...] [...] The banks are taking a haircut on their assets, so the Bank of England has some protection from further falls in house prices [...]

]]> By: wayne armstrong http://monevator.com/hands-off-our-falling-house-prices/comment-page-1/#comment-290 wayne armstrong Sat, 19 Apr 2008 18:07:49 +0000 http://monevator.com/2008/04/18/hands-off-our-falling-house-prices/#comment-290 A very true straight to the point.the madness that this government is now indulging is crazy.what ever happened to true market forces and markets will regulate themselves. A very true straight to the point.the madness that this government is now indulging is crazy.what ever happened to true market forces and markets will regulate themselves.

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