{"id":1326,"date":"2012-05-25T10:48:41","date_gmt":"2012-05-25T10:48:41","guid":{"rendered":"http:\/\/prettygoodbritain.com\/wp\/?p=1326"},"modified":"2020-04-28T01:21:51","modified_gmt":"2020-04-28T00:21:51","slug":"house-price-cash","status":"publish","type":"post","link":"https:\/\/prettygoodbritain.com\/wp\/?p=1326","title":{"rendered":"House Price Cash"},"content":{"rendered":"<p><a href=\"http:\/\/prettygoodbritain.com\/wp\/wp-content\/uploads\/2012\/05\/currencyexchange500.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1327\" title=\"currencyexchange500\" src=\"http:\/\/prettygoodbritain.com\/wp\/wp-content\/uploads\/2012\/05\/currencyexchange500.jpg\" alt=\"\" width=\"500\" height=\"343\" srcset=\"https:\/\/prettygoodbritain.com\/wp\/wp-content\/uploads\/2012\/05\/currencyexchange500.jpg 500w, https:\/\/prettygoodbritain.com\/wp\/wp-content\/uploads\/2012\/05\/currencyexchange500-300x205.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<p><em>I have always thought of the housing market as being made up of two types of money, <\/em><a href=\"https:\/\/www.housepricecrash.co.uk\/forum\/index.php?\/topic\/178830-downsize-uk-property-market-dominated-by-elderly-looking-to-cash-in-on-homes\/&amp;tab=comments#comment-909044080\">writes LuckyOne on HPC<\/a>:<em> real money and &#8220;fake&#8221; money.<\/em><\/p>\n<p><em>The real money is what private renters and FTBs have to use. Fake money is the segment of the market that relies upon using past capital &#8220;gains&#8221;.<\/em><\/p>\n<p><em>In my view, the divergence between the real and fake money was first seen in the collapse in rental yields. <\/em><\/p>\n<p><em>It now appears to be moving onto the second stage where the FTBs can no longer use their real money to support prices to create even more fake money.<\/em><\/p>\n<p><em>The process is slow but the result is inevitable : prices have to drop to a level that wipes out the fake money.<\/em><\/p>\n<p>You&#8217;d think.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have always thought of the housing market as being made up of two types of money, writes LuckyOne on HPC: real money and &#8220;fake&#8221; money. The real money is what private renters and FTBs have to use. Fake money &hellip; <a href=\"https:\/\/prettygoodbritain.com\/wp\/?p=1326\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/1326"}],"collection":[{"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1326"}],"version-history":[{"count":6,"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/1326\/revisions"}],"predecessor-version":[{"id":10426,"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/1326\/revisions\/10426"}],"wp:attachment":[{"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prettygoodbritain.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}