In fairness shouldn't you now take a stab at listing all of the positives that come with lifting real estate values, such as home owners with equity have the ability to start a small business by using the equity built up in their home.
That could be interesting, give us your best shot.
Peter there are no positives to rising mortgages. Even if people do use their equity to start a small business the risks now with retail figures the way theyare are far worse than they were mid 2000's. You keep forgetting interest rates are low because the economy is slowing not recovering. If another boom is now fueled by low interest rates all thatwill happen is values will fall further when the economy tanks, and it will. Retail and small business performance is related to discretionary spending.
Mallard
24 Sep 2013, 10:24 AM
When house prices go up, so does consumer spending, so the correlation is the inverse of what you suggest. Bear in mind that two thirds of households own, or are in the process of buying, so the wealth effect gives a boost the the majority, not the minority.
That was true for the boom we just had but not now. The house and equity has been used as an ATM for too long and people are paying down debt now.
It chokes peoples ability to spend. Why dont you fucktards realise this. Sure its great for the lucky home owner who got in before the big rises but for FHB and those paying the huge rents being forced upon them by the debt the houses they rent carry, its shit. Its your greedy nature that makes you the way you are. My kids probably wont move out of home until there is hope for home ownership at a reasonable cost. You obviously dont have children because if you did you be concerned about the level of debt required to own a home and how it would affect them. Anyway your a moron and you allways will be. I cant be fucked wasting my time with you anymore Timothy. GFY
As well as being positive for existing home owners which you now concede (i.e. approx two thirds of the population), there are also positives for banks, brokers, real estate agents, and various other people associated with the finance sector. So there are positives for the vast majority of the population to rising house prices and the rising mortgages that go along with them.
Quote:
fucktards shit your greedy nature your [sic] a moron cant be fucked Timothy. GFY
'Your a moron' ... love it! But getting mad with Timmy won't make you any less wrong.
As well as being positive for existing home owners which you now concede (i.e. approx two thirds of the population), there are also positives for banks, brokers, real estate agents, and various other people associated with the finance sector. So there are positives for the vast majority of the population to rising house prices and the rising mortgages that go along with them.
'Your a moron' ... love it! But getting mad with Timmy won't make you any less wrong.
He's honest ... On a what see is what you get type level. So I sort of trust him. Which is way more than I can say about you Shady.
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
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