Stock market

[Atla]

I don't think accelefine has quite figured out the process of talking about ideas. She perhaps hasn't realized that you can convince someone of something with reason and evidence. She, somewhere along the line, got the impression that when someone doesn't immediately agree with everything she says, just dismiss them with a barage of insults.

I think she accidentally found her way to the wrong forum, and she's been stuck here for some time.

Or maybe it's worse than that. Maybe there are no ideas (as we understand them) in VT's world at all, only emotional impulses.

[accelafine]

Why is it considered such a bad thing when the stock market goes down but not when house prices plummet?

So we're all agreed that it isn't true that "it considered such a bad thing when the stock market goes down but not when house prices plummet" are we?

WTF is that supposed to mean? It was a simple observation. Do you have an opinion apart from juvenile insults? If not then fuck off you obnoxious little cretin.

[accelafine]

I see y'all are getting into a cosy little mangang. Pathetic wankers. Go back to displaying your collective insanity on some other thread-- like the 'Philosopphy of gender' one about 'gynechology'. There are so many normal people on here to choose from...

[FlashDangerpants]

Why is it considered such a bad thing when the stock market goes down but not when house prices plummet?

So we're all agreed that it isn't true that "it considered such a bad thing when the stock market goes down but not when house prices plummet" are we?

WTF is that supposed to mean? It was a simple observation. Do you have an opinion apart from juvenile insults? If not then fuck off you obnoxious little cretin.

I am simply observing that people don't ignore house prices plummet and it is always a cause of massive concern. Also that if house prices are falling there's normally a whole recession going on at the same time.

[accelafine]

It was insanity prior to that. People were going berserk buying houses. I don't even know why. Then suddenly it stopped. All it took was a moderate rise in interest rates (a deliberate Govt. tactic). There was no 'recession' at the time. The Govt. didn't seem to care that it was fucking over anyone who had just bought. What's the difference between losing all the equity in your home or losing it in stocks?

[FlashDangerpants]

It was insanity prior to that. People were going berserk buying houses. I don't even know why. Then suddenly it stopped. All it took was a moderate rise in interest rates (a deliberate Govt. tactic). There was no 'recession' at the time. The Govt. didn't seem to care that it was fucking over anyone who had just bought. What's the difference between losing all the equity in your home or losing it in stocks?

This doesn't sound like a "plummet" so much as the predictable end of a market bubble.

If very many people who have only recently bought houses are trying to instantly sell them and finding themselves trapped by negative equity something must explain why they are so anxious to sell so soon. Massive job losses and recession would be the usual answer. If new buyers aren't panic selling into a falling market they aren't being fucked over.

Interest rates are not set directly by governments as some sort of 'tactic' as a rule these days. Normally an independent central bank such as the BoE here, the US Fed, or New Zealand's RBNZ manages that and the rates are set to maintain a balance between employment or GDP growth and prices. If prices are rising, asset values (such as houses) are frothy, and unemployment is low, typically you should expect a small rise in interest rates soon.

[accelafine]

It was insanity prior to that. People were going berserk buying houses. I don't even know why. Then suddenly it stopped. All it took was a moderate rise in interest rates (a deliberate Govt. tactic). There was no 'recession' at the time. The Govt. didn't seem to care that it was fucking over anyone who had just bought. What's the difference between losing all the equity in your home or losing it in stocks?

This doesn't sound like a "plummet" so much as the predictable end of a market bubble.

If very many people who have only recently bought houses are trying to instantly sell them and finding themselves trapped by negative equity something must explain why they are so anxious to sell so soon. Massive job losses and recession would be the usual answer. If new buyers aren't panic selling into a falling market they aren't being fucked over.

Interest rates are not set directly by governments as some sort of 'tactic' as a rule these days. Normally an independent central bank such as the BoE here, the US Fed, or New Zealand's RBNZ manages that and the rates are set to maintain a balance between employment or GDP growth and prices. If prices are rising, asset values (such as houses) are frothy, and unemployment is low, typically you should expect a small rise in interest rates soon.

It was quite a plummet actually. Not such a big drop for higher priced homes but at the lower end at least around a 30 percent drop in a short space of time.

[FlashDangerpants]

It was insanity prior to that. People were going berserk buying houses. I don't even know why. Then suddenly it stopped. All it took was a moderate rise in interest rates (a deliberate Govt. tactic). There was no 'recession' at the time. The Govt. didn't seem to care that it was fucking over anyone who had just bought. What's the difference between losing all the equity in your home or losing it in stocks?

This doesn't sound like a "plummet" so much as the predictable end of a market bubble.

If very many people who have only recently bought houses are trying to instantly sell them and finding themselves trapped by negative equity something must explain why they are so anxious to sell so soon. Massive job losses and recession would be the usual answer. If new buyers aren't panic selling into a falling market they aren't being fucked over.

Interest rates are not set directly by governments as some sort of 'tactic' as a rule these days. Normally an independent central bank such as the BoE here, the US Fed, or New Zealand's RBNZ manages that and the rates are set to maintain a balance between employment or GDP growth and prices. If prices are rising, asset values (such as houses) are frothy, and unemployment is low, typically you should expect a small rise in interest rates soon.

It was quite a plummet actually. Not such a big drop for higher priced homes but at the lower end at least around a 30 percent drop in a short space of time.

And that event was coinciding with a recession wasn't it?

[accelafine]

This doesn't sound like a "plummet" so much as the predictable end of a market bubble.

If very many people who have only recently bought houses are trying to instantly sell them and finding themselves trapped by negative equity something must explain why they are so anxious to sell so soon. Massive job losses and recession would be the usual answer. If new buyers aren't panic selling into a falling market they aren't being fucked over.

Interest rates are not set directly by governments as some sort of 'tactic' as a rule these days. Normally an independent central bank such as the BoE here, the US Fed, or New Zealand's RBNZ manages that and the rates are set to maintain a balance between employment or GDP growth and prices. If prices are rising, asset values (such as houses) are frothy, and unemployment is low, typically you should expect a small rise in interest rates soon.

It was quite a plummet actually. Not such a big drop for higher priced homes but at the lower end at least around a 30 percent drop in a short space of time.

And that event was coinciding with a recession wasn't it?

I think it was quite the opposite.

[FlashDangerpants]

It was quite a plummet actually. Not such a big drop for higher priced homes but at the lower end at least around a 30 percent drop in a short space of time.

And that event was coinciding with a recession wasn't it?

I think it was quite the opposite.

So this house price event you describe didn't occur in NZ around 2022 to 2024 then?

[accelafine]

And that event was coinciding with a recession wasn't it?

I think it was quite the opposite.

So this house price event you describe didn't occur in NZ around 2022 to 2024 then?

Ooh, someone's been busy on google and AI I'm sure you, as a man on a different part of the planet, knows far more about where I live and what happens there than I do, so feel free to give me the benefit of your great male wisdom and mansplanations
I go by what's going on, not what bloated 'experts' say when they drival on about GDP and 'growth'. Why does an economy have to be permanently in 'growth mode' anyway? That's just political bullshit-speak. A low unemployment rate does not scream to me 'imploding economy', great depression number 2, devastatiion and mass starvation blah blah blah. It's the same when they rant about mass homelessness. I've never seen one single homeless person ANYWHERE. Now the US really does have mass homelessness. The homeless are everywhere. It's not as if the homeless can just make themselves invisible.

[Impenitent]

stock market is getting back to normal and growing...

the broth market however...

-Imp

[FlashDangerpants]

I think it was quite the opposite.

So this house price event you describe didn't occur in NZ around 2022 to 2024 then?

Ooh, someone's been busy on google and AI I'm sure you, as a man on a different part of the planet, knows far more about where I live and what happens there than I do, so feel free to give me the benefit of your great male wisdom and mansplanations
I go by what's going on, not what bloated 'experts' say when they drival on about GDP and 'growth'. Why does an economy have to be permanently in 'growth mode' anyway? That's just political bullshit-speak. A low unemployment rate does not scream to me 'imploding economy', great depression number 2, devastatiion and mass starvation blah blah blah. It's the same when they rant about mass homelessness. I've never seen one single homeless person ANYWHERE. Now the US really does have mass homelessness. The homeless are everywhere. It's not as if the homeless can just make themselves invisible.

Uh huh. So you are referring to a local house price slump that was accompanied by the obvious recession, and as usual you are trying to convert the issue into an ad hominem assault on me because the facts don't agree with your story and your pride won't let you address that in the way a sane person would.

[accelafine]

So this house price event you describe didn't occur in NZ around 2022 to 2024 then?

Ooh, someone's been busy on google and AI I'm sure you, as a man on a different part of the planet, knows far more about where I live and what happens there than I do, so feel free to give me the benefit of your great male wisdom and mansplanations
I go by what's going on, not what bloated 'experts' say when they drival on about GDP and 'growth'. Why does an economy have to be permanently in 'growth mode' anyway? That's just political bullshit-speak. A low unemployment rate does not scream to me 'imploding economy', great depression number 2, devastatiion and mass starvation blah blah blah. It's the same when they rant about mass homelessness. I've never seen one single homeless person ANYWHERE. Now the US really does have mass homelessness. The homeless are everywhere. It's not as if the homeless can just make themselves invisible.

Uh huh. So you are referring to a local house price slump that was accompanied by the obvious recession, and as usual you are trying to convert the issue into an ad hominem assault on me because the facts don't agree with your story and your pride won't let you address that in the way a sane person would.

Talk about projecting. People stopped buying on the same scale because it became cheaper to rent after the interest rate hike, landlords were given all kinds of tax breaks. It was multi-faceted. 'Recession' is political bullshit-speak. Obviously an 'economy' can't just be permanently growing. It's more like a wave, with gentle crests and troughs for the most part. Nothing to even comment on. That's the way it's supposed to be. Very occasionally something happens to disturb that balance--eg the Great Depression. That's not something that can just go unnoticed, and which we need bloated economic 'experts' to tell us is happening. Same with the housing market. It can't just be permanently in a state of frenzied growth. 'Buyers' and 'sellers' markets ebb and flow. If there were really any 'experts' in these things then we would all be rich. Their 'predictions' are ALWAYS wrong
'GDP' is more bullshit political-speak. Mass immigration can artificially raise it, hence the keenness of politicians to promote it. What does the term even mean to ordinary people?

[FlashDangerpants]

Ooh, someone's been busy on google and AI I'm sure you, as a man on a different part of the planet, knows far more about where I live and what happens there than I do, so feel free to give me the benefit of your great male wisdom and mansplanations
I go by what's going on, not what bloated 'experts' say when they drival on about GDP and 'growth'. Why does an economy have to be permanently in 'growth mode' anyway? That's just political bullshit-speak. A low unemployment rate does not scream to me 'imploding economy', great depression number 2, devastatiion and mass starvation blah blah blah. It's the same when they rant about mass homelessness. I've never seen one single homeless person ANYWHERE. Now the US really does have mass homelessness. The homeless are everywhere. It's not as if the homeless can just make themselves invisible.

Uh huh. So you are referring to a local house price slump that was accompanied by the obvious recession, and as usual you are trying to convert the issue into an ad hominem assault on me because the facts don't agree with your story and your pride won't let you address that in the way a sane person would.

Talk about projecting. People stopped buying on the same scale because it became cheaper to rent after the interest rate hike, landlords were given all kinds of tax breaks. It was multi-faceted. 'Recession' is political bullshit-speak. Obviously an 'economy' can't just be permanently growing. It's more like a wave, with gentle crests and troughs for the most part. Nothing to even comment on. That's the way it's supposed to be. Very occasionally something happens to disturb that balance--eg the Great Depression. That's not something that can just go unnoticed, and which we need bloated economic 'experts' to tell us is happening. Same with the housing market. It can't just be permanently in a state of frenzied growth. 'Buyers' and 'sellers' markets ebb and flow. If there were really any 'experts' in these things then we would all be rich. Their 'predictions' are ALWAYS wrong
'GDP' is more bullshit political-speak. Mass immigration can artificially raise it, hence the keenness of politicians to promote it. What does the term even mean to ordinary people?

Uh huh. So you are referring to a local house price slump that was accompanied by the obvious recession. But instead of your usual attempt to convert the issue into an ad hominem assault on me because the facts don't agree with your story and your pride won't let you address that in the way a sane person would, you are simply hallucinating an alternate universe where the facts you don't like are just not a thing. This is still not how a sane person would approach the issue.