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Debate House Prices


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House prices still rising, says Nationwide

2»

Comments

  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    IveSeenTheLight wrote: »
    What would a monthly rise of 0.5% compound to annually?
    The answer is 6.17%.

    Are you happy with an annual house price increase of 6%?
    which would mean house prices doubling in value every 11 and a bit years.

    doire - what d'ya reckon on that then?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chucky wrote: »
    which would mean house prices doubling in value every 11 and a bit years.

    :beer:

    ..........
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    chucky wrote: »
    which would mean house prices doubling in value every 11 and a bit years.

    doire - what d'ya reckon on that then?


    In theory, but there will no doubt be a dip in that period. What did GB call it??? Tory Boom and Bust??
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    DaddyBear wrote: »
    In theory, but there will no doubt be a dip in that period. What did GB call it??? Tory Boom and Bust??
    very, very true - whoever thinks we're going to have 11 years of 7% continuous growth is as deluded as the people that bang on about a 0.5% increase in one month
  • ILW
    ILW Posts: 18,333 Forumite
    Isnt it about the same as the current rate of inflation?
  • Dirk_Rambo
    Dirk_Rambo Posts: 387 Forumite
    prices are still falling at an alarming rate in my local area, if i didn't know better i'd say the nationwide are making this stuff up
  • DaddyBear
    DaddyBear Posts: 1,208 Forumite
    Dirk_Rambo wrote: »
    prices are still falling at an alarming rate in my local area, if i didn't know better i'd say the nationwide are making this stuff up

    Well West Bromwich is a sh1thole with a t0ss football team. ;)
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    DaddyBear wrote: »
    Well West Bromwich is a sh1thole with a t0ss football team. ;)
    but at least they're better than Wolves!!
  • IveSeenTheLight
    IveSeenTheLight Posts: 13,322 Forumite
    Dirk_Rambo wrote: »
    prices are still falling at an alarming rate in my local area, if i didn't know better i'd say the nationwide are making this stuff up

    posted the below on another thread to your comment on your area still dropping at an alarming rate
    IveSeenTheLight wrote: »
    Had a look on LR at sandwell, the council for West Bromwich.
    Doesn't seem to be still falling at a rapid rate

    73615290.jpg
    :wall:
    What we've got here is....... failure to communicate.
    Some men you just can't reach.
    :wall:
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