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View Full Version : House Prices to Rise for Ten Years.


Erwin Schroedinger
25th Jul 2006, 09:56
S'what the Daily Express says, so it must be right.

"set to soar for at least ten years"

"increase by £20,000 every year"

"average home £400,000 by 2016"

"huge numbers of paper millionaires"

:suspect:

FFP
25th Jul 2006, 11:45
Guess Council tax will go up in proportion too .. . . . :E

eal401
25th Jul 2006, 12:52
Daily Express
Makes a change from them blubbing about Princess Diana...

Aaaaaaaaaaaaaaaargh!
25th Jul 2006, 13:21
"increase by 20,000 every year"
well that doesn't make sense for a start. Why a fised amount? Why not a percentage?

Mercenary Pilot
25th Jul 2006, 13:23
Makes a change from them blubbing about Princess Diana...

Sure does! :D

Parapunter
25th Jul 2006, 14:03
If I didn't know better, I'd say that newspapers were commercial interests & Princess Diana sells them and house price stories sell them and since I do know better, I don't waste my time reading them.:rolleyes:

Aaaaaaaaaaaaaaaargh!
25th Jul 2006, 14:05
I haven't bought a newspaper in my entire life. I never really saw the point in them.

AcroChik
25th Jul 2006, 14:48
I've read the article. It's tripe.

Look at the authorities quoted:

A real estate agent who wants you to either buy or sell a home through him.

A mortgage broker ~ goodness, her company's even called a "money store" ~ who wants you to buy debt through her.

Citing an absolute amount, such as 20,000, without giving you the percentage rate of return over time makes the statement meaningless to the point of absurdity. A supposed rate of return claimed in the absence of time (which is the key element here) is meaningless.

It's symptomatic of a speculative bubble that near its peak people with self-interest to exercise voluably encourage new money to enter the fray.

The fact is, no one knows with any degree of certainty what any market will look like in ten years. As an example, the internet browser Netscape didn't even exist 14 years ago. It was among the very first IPOs to set off what we now call the Dot.Bomb.

Play safe and be careful out there! Even someone as brilliant as Issac Newton nearly became homeless and a bankrupt through unwisely speculating in the South Sea Bubble.

tilewood
25th Jul 2006, 17:18
Our beloved socialist chancellor The Rt Hon G. Browne ( he of the chewed
fingernails - I wonder why) must be rubbing what's left of his hands.

Think of all the inheritance tax he can claw in!!

The robbing Calvanist b*st*rd!! :ugh:

Krystal n chips
25th Jul 2006, 17:37
well that doesn't make sense for a start. Why a fised amount? Why not a percentage?

Er. remember the acronym KISS ?----now think of the paper:yuk: and it's readership :E

Aaaaaaaaaaaaaaaargh!
25th Jul 2006, 20:39
Even someone as brilliant as Issac Newton nearly became homeless and a bankrupt through unwisely speculating in the South Sea Bubble.I bet that brought him back to Earth with a bump