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House Prices to rise by 25%

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  • carolt
    carolt Posts: 8,531 Forumite
    Premier wrote: »
    I have no reason to disagree with the article as researched and written. Do you not agree with it? Why not? Is there any independant research to back up your reasons?

    Oooh, tough one, but possibly all the other articles/analysis published in the last year or so, stating that prices are going to fall?

    Her's a selection from today's papers for you:

    http://www.citywire.co.uk/Personal/-/news/money-property-and-tax/content.aspx?ID=309501

    http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=448236&in_page_id=5

    http://news.bbc.co.uk/1/hi/business/7528618.stm

    All depends on who you want to believe, obviously.

    You clearly want to believe the one (and only) report for weeks suggesting that prices will rise. Presumably, you have your own vested interest for this. Are you a BTL 'investor'? Do you have a hefty mortgage? Are you trying to sell up? Did you MEW out all your equity? Did you buy at the peak and are now facing negative equity?

    There must be some personal reason for your boundless optimism in the housing market, as there clearly isn't an economic reason.

    The people who wrote the article have a vested interest, of course - they want to pretend prices will rise, as they want the government to give them money to build more houses.

    So go on - tell us your reason for your OP.
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    ruggedtoast wrote: »
    ...A year from now house price inflation is going to be the last thing anyones worried about.
    5 years from now, house prices will have risen by almost 25% - where have you been, it's all explained in the opening post ;)
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    I think youll find that most people dont have the option of not using electricity, though most people do have the option of not buying an absurdly overpriced house.

    And most people are responding to utility price increases by lowering consumption or increasing energy efficiency.
  • m00m00
    m00m00 Posts: 1,755 Forumite
    Premier wrote: »
    What is the main influence in a free market. That's right supply & demand!

    Where does affordability & availability of credit come into the rising price of oil/gas/electricity recently?


    ;)

    well the availability of easy money thanks to helicopter ben in the states, is often considered to be one of the major causal factors in the commodity speculation we have seen since the housing market crashed.
    It's a health benefit ...
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    carolt wrote: »
    Oooh, tough one, but possibly all the other articles/analysis published in the last year or so, stating that prices are going to fall?

    Her's a selection from today's papers for you:

    http://www.citywire.co.uk/Personal/-/news/money-property-and-tax/content.aspx?ID=309501

    http://www.thisismoney.co.uk/mortgages/house-prices/article.html?in_article_id=448236&in_page_id=5

    http://news.bbc.co.uk/1/hi/business/7528618.stm

    All depends on who you want to believe, obviously.

    You clearly want to believe the one (and only) report for weeks suggesting that prices will rise. Presumably, you have your own vested interest for this. Are you a BTL 'investor'? Do you have a hefty mortgage? Are you trying to sell up? Did you MEW out all your equity? Did you buy at the peak and are now facing negative equity?

    There must be some personal reason for your boundless optimism in the housing market, as there clearly isn't an economic reason.

    The people who wrote the article have a vested interest, of course - they want to pretend prices will rise, as they want the government to give them money to build more houses.

    So go on - tell us your reason for your OP.
    The first 2 links relate to price falls this month - no one is saying prices are not falling at present - even the report I refer to in the OP agrees prices are falling.

    The third link suggests prices will fall by 1/3 by 2010 - I'm not sure the basis of this, it doesn't say, but would indicate an increasing rate of fall, where as that is not what the data shows - in fact it shows the contrary - that the rate of decrease is slowing.
    House prices fell by 0.9% in June, less than half the rate of the previous month
    http://www.nationwide.co.uk/hpi/
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • moneysavinmonkey
    moneysavinmonkey Posts: 1,213 Forumite
    Premier wrote: »
    What is the main influence in a free market. That's right supply & demand!

    Where does affordability & availability of credit come into the rising price of oil/gas/electricity recently?


    So is this another thread where you appreciate what I write, consider my posts to be "well balanced" and "value the advice given" to other posters?

    http://forums.moneysavingexpert.com/showthread.html?t=1053703

    You know, there's a word that describes someone who just posts for the sake of causing an arguement! ;)

    I'm beginning to think i've confused you with another poster!
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    ruggedtoast wrote: »
    I think youll find that most people dont have the option of not using electricity, though most people do have the option of not buying an absurdly overpriced house.

    And most people are responding to utility price increases by lowering consumption or increasing energy efficiency.

    ...and most people want a roof over their head.;)

    Oh, you would prefer to rent? Great! :)

    Rents to rise by 10% to 15% in both 2008 and 2009 - ARLA
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • moneysavinmonkey
    moneysavinmonkey Posts: 1,213 Forumite
    Premier wrote: »
    ...and most people want a roof over their head.;)

    Oh, you would prefer to rent? Great! :)

    Rents to rise by 10% to 15% in both 2008 and 2009 - ARLA



    I've definitely got you mixed up with another poster.

    I would have given you more credit than to believe a sweeping statement made in a press release by the Association of Residential Letting Agents!!
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    moneysavinmonkey wrote: »
    I've definitely got you mixed up with another poster.

    I would have given you more credit than to believe a sweeping statement made in a press release by the Association of Residential Letting Agents!!

    It was a report produced by Professor Michael Ball, Professor of Urban and Property Economics at Reading University ;)
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    Also be aware that according to official figures by the land registry for the period ending June 2008, house prices are still, on average, 0.1% higher than they were this time last year ;)

    June 2008: 219.8
    (April 2000: 100)
    Average price £180,781
    Monthly change -1.0%
    Annual change 0.1%
    http://www1.landregistry.gov.uk/houseprices/
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
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