Should Corbyn remain as Labour leader?

[TheHowieLama]

38 minutes ago, AngryofTuebrook said:

Look again.  That's exactly what it shows.

If prices are up every year since 2013, why is the graph trending downwards? It also seems to start far higher than it ends up in the 10 year period shown.

 

 

The latest snapshot from Halifax, published on Wednesday, also suggested that house prices fell in July. Britain’s biggest mortgage lender said the average cost of a home dipped by 0.2% in July after a drop of 0.4% in June.

The average price of a home in Britain has dropped by almost £600 in the last three months to stand at about £236,120.

 

The UK housing market is at the weakest point since the global financial crisis a decade ago as Brexit uncertainty puts off buyers, according to a leading estate agent.

Savills, which sells and manages commercial and residential property around the world, said fewer houses were sold in the UK in the first half of 2019 than at any point since the first half of 2009

[AngryOfTuebrook]

14 minutes ago, TheHowieLama said:

If prices are up every year since 2013, why is the graph trending downwards? It also seems to start far higher than it ends up in the 10 year period shown.

 

Because it's a graph of year-on-year percentage changes in house prices.  Everything above 0 is an increase; everything below is a decrease. If the trend slopes downward, that's a slowdown in the rate of increase: it's not a decrease unless it dips below zero.

[Numero Veinticinco]

[A Red]

1 hour ago, TK421 said:

Nah mate, it's dem Poles coming over here, picking our strawberries and buying up half of Kensington.

Ah well, the report was irrelevant so best revert to type

[Pureblood]

A Twat has spoken.

[aRdja]

23 minutes ago, TK421 said:

A Twat has spoken.

But what about inflation?

[AngryOfTuebrook]

27 minutes ago, viRdjil said:

But what about inflation?

You looking for an inflatable twat?

[Pureblood]

41 minutes ago, viRdjil said:

But what about inflation?

Haha.

[Strontium]

3 hours ago, Boss said:

It wasn't speculation that drove the mortgage market up, it was cheap credit and the banks relaxing their policies on borrowing to include people with a poor credit rating.

 

That's not true at all. Speculation was a major contributor to the housing bubble that precipitated the financial crisis. Both in terms of housing speculation by buyers, and investor speculation on mortgage-backed securities.

[Boss]

32 minutes ago, Sixtimes Dog said:

 

That's not true at all. Speculation was a major contributor to the housing bubble that precipitated the financial crisis. Both in terms of housing speculation by buyers, and investor speculation on mortgage-backed securities.

 

It definitely had a component of speculation, no doubt about it - like any bubble. It was equally caused by the low interest rates and the greed of the banks abandoning strict lending requirements to take advantage of it. There were multiple factors at play. It wasn't purely speculative, but yeah speculation certainly played it's part on both sides (buyer and investor).

[Bjornebye]

1 hour ago, viRdjil said:

But what about inflation?

Its gone up since this argument started 

[Pureblood]

8 minutes ago, Boss said:

 

It definitely had a component of speculation, no doubt about it - like any bubble. It was equally caused by the low interest rates and the greed of the banks abandoning strict lending requirements to take advantage of it. There were multiple factors at play. It wasn't purely speculative, but yeah speculation certainly played it's part on both sides (buyer and investor).

I think the main factor was foreigners der terk er jerbs.

[Boss]

Just now, TK421 said:

I think the main factor was foreigners der terk er jerbs.

 

I refer you back to A Red's succinct point.

[moof]

Guys... this is fuckin boring 

[A Red]

8 minutes ago, moof said:

Guys... this is fuckin boring 

Lads..... this is fuckin boring, if you dont mind

[aRdja]

12 minutes ago, moof said:

Guys... this is fuckin boring 

I find it difficult to leave outlandish claims unchallenged. 

[TheHowieLama]

Buying a house for your primary residence is not speculation -- it is investment. 

 

Buying a house (or a few) with the goal of flipping them in a few months is speculation.

 

Safe to say, most on here believe Corbyn (that was after all how the discussion began) invested in his home correct?

[Pureblood]

1 minute ago, TheHowieLama said:

Buying a house for your primary residence is not speculation -- it is investment. 

 

Buying a house (or a few) with the goal of flipping them in a few months is speculation.

 

Safe to say, most on here believe Corbyn (that was after all how the discussion began) invested in his home correct?

Yes, I think that just about ZZZZZZZzzzzzzzzZZZZZZZZZZ

[TheHowieLama]

Heh, just aboutzzzzzzzz.

 

 

 

[Babb'sBurstNad]

Anti-semidetachedism.

[A Red]

17 hours ago, AngryofTuebrook said:

You buy a house because you need a place to live, not because you're speculating on price increases (unless you're a cunt).

I missed this, are you a cunt for buying a house in order to make money from it from its increase in value or as a holiday letting?

[AngryOfTuebrook]

37 minutes ago, TheHowieLama said:

Buying a house for your primary residence is not speculation -- it is investment. 

 

Buying a house (or a few) with the goal of flipping them in a few months is speculation.

 

Safe to say, most on here believe Corbyn (that was after all how the discussion began) invested in his home correct?

I disagree with your definitions.

 

Buying a house for your primary home is just, y'know, buying something you need. It's a purchase, like when you buy your dinner or your clothes. 

 

Buying a house in need of renovation, working on it (adding value to it) and selling it on is an investment. It is a productive activity. 

 

Buying a house, doing nothing to it and waiting for the price to increase due to the actions of others (Government economic policy, local investments, etc.) is speculation. It is an unproductive activity. 

 

I have no idea about Corbyn's living arrangements, but I suspect it falls into the first category. 

[AngryOfTuebrook]

27 minutes ago, A Red said:

I missed this, are you a cunt for buying a house in order to make money from it from its increase in value or as a holiday letting?

If you do nothing to add value to it, then you are part of the problem. 

[aRdja]

1 minute ago, AngryofTuebrook said:

Buying a house for your primary home is just, y'know, buying something you need. It's a purchase, like when you buy your dinner or your clothes. 

No tax

2 minutes ago, AngryofTuebrook said:

Buying a house in need of renovation, working on it (adding value to it) and selling it on is an investment. It is a productive activity. 

Tax

2 minutes ago, AngryofTuebrook said:

Buying a house, doing nothing to it and waiting for the price to increase due to the actions of others (Government economic policy, local investments, etc.) is speculation. It is an unproductive activity. 

Tax

[A Red]

1 minute ago, AngryofTuebrook said:

If you do nothing to add value to it, then you are part of the problem. 

Not me in this instance, Sebastian Corbyn