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View Full Version : Quick! Print some more money, house prices have fallen!



DimPrawn
7th October 2010, 09:29
UPDATE 1-UK house prices book record monthly fall in Sept | Reuters (http://www.reuters.com/article/idUSLDE6960HK20101007)


British house prices plunged a record 3.6 percent on the month in September, mortgage lender Halifax said on Thursday, in a further sign the housing market is rapidly losing steam after a pick-up last year.

We cannot afford to let house prices fall from 7x people's income, it's a disgrace!

Set interest rates to zero and print a few trillion pounds!

At this rate the Proletariat will be free from crushing debts and might be able to afford a home to live in!

TimberWolf
7th October 2010, 11:35
The guys on housepricecrash.com seem very excited about this news. They speak of 'having goosebumps' and 'jizzing' themselves. 26 pages of comments on that topic alone today, in one thread.

Halifax Hpi September 2010 -3.6%!? - House Price Crash forum (http://www.housepricecrash.co.uk/forum/index.php?showtopic=152347)

CheeseSlice
7th October 2010, 12:16
The guys on housepricecrash.com seem very excited about this news. They speak of 'having goosebumps' and 'jizzing' themselves. 26 pages of comments on that topic alone today, in one thread.

Halifax Hpi September 2010 -3.6%!? - House Price Crash forum (http://www.housepricecrash.co.uk/forum/index.php?showtopic=152347)

I'm actually quite happy for them. Many of these comments are from people who are earning a normal salary and are priced out of the housing market due to housing boom. Prices came down a notch after the credit crunch, but they still have a long way to go until we get back to the more affordable 3-3.5x salary territory.
I can imagine what it feels like having bought my first house in 2007 when prices had almost peaked. We were priced out of areas where people had jobs like 'DHL van driver', 'BT phone line engineer' (you could tell by the vehicles on their driveways), and our household income must have been 3x what they were getting :mad

TimberWolf
7th October 2010, 12:29
I liked this comment:

http://www.morethings.com/fan/simpsons/images/excellent.jpg

TimberWolf
7th October 2010, 16:01
http://img840.imageshack.us/img840/6596/rollercoaster.jpg

Nicked off HPC