House Prices Still Showing +ve YOY Growth

carolt

I know - it's just something to do whilst waiting.

Do wish house price falls were like stock market falls. 2.5% in one day. That's more like it.

House price falls are too much like cricket. Too slow. But at least I understand the scoring.

beingjdc

Good grief, I thought we'd got rid of people who believed what the Daily Express says.

Suppose I get the lift up to the eighth floor of my office, then jump off the roof garden.

I can shout in as I pass my office on the fifth floor "I'm higher up than I was five minutes ago!" all I want, but it won't help me.

mrstinchcombe

If 100 sources say house prices will fall and 1 says they will rise by 25%, the Express will focus on this 1 to sell papers and cheer up their buy-to-let readers.

It doesn't mean the 1 source is right, it doesn't mean the 100 sources are right. Because NOBODY knows what will happen.

But anyway what is 25% in three years going to be in real terms?

And who are "Oxford Economic Forecasting" anyway?

When we enter the inevitable recession things might become clearer!

beingjdc

mrstinchcombe wrote: »

And who are "Oxford Economic Forecasting" anyway?

Ah, Oxford Economic Forecasting. Here's what they thought two years ago.

http://www.guardian.co.uk/business/2006/jul/17/housingmarket.houseprices

House prices to soar 50% within six years

· Average price estimated to reach £300,000 by 2012
· Typical property will cost nine times annual salary

mr.broderick

carolt wrote: »

Absolutely agree, but it does make your initial headline a touch misleading, does it not? :rolleyes:

Heavens god forbid any misleading headlines from brit or !!!!!! this week....;)

mr.broderick

carolt wrote: »

I know - it's just something to do whilst waiting.

Do wish house price falls were like stock market falls. 2.5% in one day. That's more like it.

House price falls are too much like cricket. Too slow. But at least I understand the scoring.

Yeah must admit it's not really happening, they'll be going up again before we all know it..not good.

ManAtHome

Sounds good - year-on-year increases of:
1. House prices
2. Retail sales
3. GDP

Was there a line in the report reading something like "this removes the last obstacle to the MPC raising interest rates"? Must have been somewhere - after all, any number not larger than last year seems to remove the last obstacle to cutting rates...

IveSeenTheLight

carolt wrote: »

Yes, it is factually correct - but not really the point. The fact that in real terms, anyone thinking of investing in property would have been better off leaving the money in the building society account, is surely the point.

But BTL IS NOT about capital appreciation, its about Rental Yield.

mewbie_2

IveSeenTheLight wrote: »

But BTL IS NOT about capital appreciation, its about Rental Yield.

My goodness! I thought it was about people gambling with their families future by mewing every last penny out of their own properties in order to set up a chain of debt.

BTLNEWbie_3

mewbie wrote: »

My goodness! I thought it was about people gambling with their families future by mewing every last penny out of their own properties in order to set up a chain of debt.

That just shows how little you know and understand.
No-one would be that stupid.