House Prices Set To Soar Next Year - Daily Mail Today!

tbs624

pickledpink wrote: »

Yawn yawn yawn,,,,,,,,,,,,,,,,,,,,,,,,,,,,,yep, I made a spelling mistake too. But the difference between mine and the other poster is that mine was a MISTAKE - they didn't KNOW they made one!:p

:think: yep, of course yours was just a mistake: no-one else makes mistakes, they're all just plain stupid ........... .

mstar

i think certainly talking to estate agents in my area (london) houses prices will rise end of next year simply for the reason in the daily mail today. If people think that property will continue to decrease 10% for 3-6 years are really living in cukoo land. House prices will rise within 2 years but not just yet.

Lotus-eater

mstar wrote: »

i think certainly talking to estate agents in my area (london) houses prices will rise end of next year simply for the reason in the daily mail today. If people think that property will continue to decrease 10% for 3-6 years are really living in cukoo land. House prices will rise within 2 years but not just yet.

Well you have just paid over the odds for your house, so you are probably praying that that will happen. There are no certainties.

Austin_Allegro

mstar wrote: »

i think certainly talking to estate agents in my area (london) houses prices will rise end of next year simply for the reason in the daily mail today. If people think that property will continue to decrease 10% for 3-6 years are really living in cukoo land. House prices will rise within 2 years but not just yet.

An estate agent talking up the market? Never! :rotfl:

The trouble with the Mail article is it's pure speculation, with very little economic insight to back up what it's saying. Consider this paragraph:

Other factors, such as mortgage lending picking up and the Bank of England cutting interest rates from 5 per cent to 4.25 per cent next year, could also cause prices to pick up.

They might as well have added 'and oil being found in the Pennines'.

Mortgage lending might pick up slightly as banks rebuild their assets, but it's unlikely that they will want to risk the huge losses that were caused by lax lending. Interest rates might be cut, but then again, with inflation increasing, that's not very likely either.

Lotus-eater

Austin_Allegro wrote: »

They might as well have added 'and oil being found in the Pennines'.

http://www.penninelubricants.co.uk/

We're going to be rich I tell you. RICH!

mstar

Lotus-eater wrote: »

Well you have just paid over the odds for your house, so you are probably praying that that will happen. There are no certainties.

nope i lived in my house for 11 years actually and was going to sell next year, but not yet. Are you tryng to buy by any chance?

and you trying to buy and hence wantig prices to drop??

byrneand

Lotus-eater wrote: »

Well you have just paid over the odds for your house, so you are probably praying that that will happen. There are no certainties.

Your completely right about it not being certain.... although history in pretty much every part of the world would suggest otherwise.

... people do tend to need a place to live an din the long run a willing to pay to have a fixed home.

Davesnave

byrneand wrote: »

... people do tend to need a place to live an din the long run a willing to pay to have a fixed home.

Remember pre-fabs? It could come to it yet. Thank God for global warming and modern building materials. And no, I'm not joking!
http://www.bbc.co.uk/wales/southeast/sites/newport/pages/article_prefabs.shtml

Lakey

Has anyone else noticed this sudden change of outlook from the media. We are all being manipulated and the powers that be are trying to restore our confidence in a very unfortunate/fortunate market (delete as required).
You just have to look across the water to see where we will be in two years time, still in an economic doldrum.
The oil prices have gone down, for now, lulling us into this false sense of spending and feeling rich frenzy.
I say, batten down the hatches, put all you can into a high safe savings account, and settle down to watch the fireworks.

:eek:

byrneand

Lakey wrote: »

Has anyone else noticed this sudden change of outlook from the media. We are all being manipulated and the powers that be are trying to restore our confidence in a very unfortunate/fortunate market (delete as required).
You just have to look across the water to see where we will be in two years time, still in an economic doldrum.
The oil prices have gone down, for now, lulling us into this false sense of spending and feeling rich frenzy.
I say, batten down the hatches, put all you can into a high safe savings account, and settle down to watch the fireworks.

:eek:

The differrence between the uk and the US though is that there is a fundamental lack of housing within the uk. In the US housing stocks are at 30 year highs whereas in the Uk they remain at historically low levels. The US government have encouraged housebuilders to continue to build despite these stocks due to the impact the US construction industry has on the US economy leading to further over-capacity.

Whilst it's impossible to deny the downward moves that we have seen ytd, but the majority of peak to trough moves have been 20-30 months in duration which would indicate a mid-late 2009 turning point.

We have seen credit markets loosening ... mortgage rates, corporate lending/M&A returning and the conclusion of the ML asset sales. All of these are indications that the "batten-down-the-hatches" approach banks have had in the last 9 months (reducing balance sheet exposure and trying to protect margins) should hopefully loosen, allowing for better deals, if not quite to the reckless levels we have seen in the last 5 years.

I'm fairly confident given the underlying fundamental drivers that your going to be in profit by 2011 from the start of 2008.

Best of luck money-savers