12-05-2021, 10:13 AM
21
Re: house prices jump
Originally Posted by realspeed
->
On zoopla it states ours has gone up 40% since we bought it in June 2014 , an increase of £163,000. First time buyers stand no chance around here and we are not the most expensive in the area, Go the other side (sea side) of the main road and your looking at £1m+, absolutely stupid prices
12-05-2021, 10:42 AM
23
Re: house prices jump
Originally Posted by d00d
->
Increase the GDP Per Capita and you increase the 'Real' GDP: nothing but good for the economy.
GDP ??
Surely 90% of that so called wealth comes from finance ?
That is, borrowing.
How does borrowing increase a countries wealth ??
From my own experiences borrowing has ALWAYS led to stress
and hardship if used excessively ?
Unfortunately it seems that people are issued with credit cards
at birth these days ??
Donkeyman! 👍🤔👍
12-05-2021, 10:49 AM
24
Re: house prices jump
Originally Posted by Meg
->
A newly built house in our hamlet with a tiny garden, overlooking the graveyard and overhung by yew trees so dark, no view except a tall hedge on one side and the graves on the other is for sale at £1.25 million 
Note the tiny garden and all those windows look into the dark back of the church and graves...
I suppose if you come from London it looks cheap !!
Donkeyman! 👍👍
12-05-2021, 11:36 AM
25
Re: house prices jump
Originally Posted by Donkeyman
->
I'm sorry dOOd, but how do high house prices increase REALGDP ??
Surely 90% of that so called wealth comes from finance ?
That is, borrowing.
How does borrowing increase a countries wealth ??
From my own experiences borrowing has ALWAYS led to stress
and hardship if used excessively ?
Unfortunately it seems that people are issued with credit cards
at birth these days ??
Donkeyman! 👍🤔👍
As for borrowing, the banks lend £ against your property. They can't lose, or they think they can't. It's all about belief in the £ and Britain's future.
12-05-2021, 12:03 PM
27
Re: house prices jump
Originally Posted by d00d
->
I'm no expert but I think you'll agree that a high GDP means a stronger pound. As for borrowing, the banks lend £ against your property. They can't lose, or they think they can't. It's all about belief in the £ and Britain's future.
I struggle to know what financial people mean by " real GDP" ?
I always thought it meant income from exports as opposed to
income from inflation!
Which is what rising house prices is isn't it ?
Remember when the mantra was "export or die" ?
Well the mantra now seems to be "consume to keep the economy
going" !!
How come that things can go in reverse to what was previously
preached in such a short time ??
Donkeyman! 🤔🤔
12-05-2021, 12:23 PM
28
Re: house prices jump
Originally Posted by Donkeyman
->
I'm no expert either dOOd !I struggle to know what financial people mean by " real GDP" ?
I always thought it meant income from exports as opposed to
income from inflation!
Which is what rising house prices is isn't it ?
Remember when the mantra was "export or die" ?
Well the mantra now seems to be "consume to keep the economy
going" !!
How come that things can go in reverse to what was previously
preached in such a short time ??
Donkeyman! 🤔🤔
It's commonly used as a measure of the financial health of a nations economy but such is not the reality. It's the balance of trade that shows that. Britain is on very dangerous ground in this respect because of the health of the balance of trade being so biased into the finance sector.
12-05-2021, 12:24 PM
29
Re: house prices jump
Originally Posted by Donkeyman
->
I'm no expert either dOOd !I struggle to know what financial people mean by " real GDP" ?
I always thought it meant income from exports as opposed to
income from inflation!
Which is what rising house prices is isn't it ?
Remember when the mantra was "export or die" ?
Well the mantra now seems to be "consume to keep the economy
going" !!
How come that things can go in reverse to what was previously
preached in such a short time ??
Donkeyman! 🤔🤔
The value of the pound, being no longer based on our gold reserves, is indirectly based on our GDP. GDP is the benchmark, the indication of how well our country is doing in the eyes of Wall Street, or wherever.
12-05-2021, 12:41 PM
30
Re: house prices jump
Originally Posted by d00d
->
The way I see it is GDP Per Capita is what we are each worth in terms of earning/assets, Real GDP is the total or average. The value of the pound, being no longer based on our gold reserves, is indirectly based on our GDP. GDP is the benchmark, the indication of how well our country is doing in the eyes of Wall Street, or wherever.
I think Todgy explained it that way too ?
So what is your judgement of where UK stands in the health of its
economy when possibly 50% of its population cannot access
. housing or has no savings due to low interest rates which are maintained to keep the "economy" going , and also keep government
borrowing high ??
Donkeyman! 🤔🤔
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