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Debate House Prices


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Things getting worse?

1246

Comments

  • Cat695
    Cat695 Posts: 3,647 Forumite
    Ad I've just seen your signature....brilliant
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Cat695 wrote: »
    Ad I've just seen your signature....brilliant

    I thought it needed an update, however I'm not taking credit, I saw it elsewhere.
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    pandamonia wrote: »
    RBS has been making alot of money in the uk market and still does. their losses are not from this market.

    Nonsense. Until the Government bailed them out it was costing them more to borrow than they were charging on most mortgages, then they had to pay their staff, and more and more people were going broke, leaving them with houses they couldn't sell for anything like the mortgage value.

    The UK's housing bubble has been even more out of proportion to the real value of housing than that in the US was.
    Hurrah, now I have more thankings than postings, cheers everyone!
  • pandamonia
    pandamonia Posts: 293 Forumite
    beingjdc wrote: »
    Nonsense. Until the Government bailed them out it was costing them more to borrow than they were charging on most mortgages, then they had to pay their staff, and more and more people were going broke, leaving them with houses they couldn't sell for anything like the mortgage value.

    The UK's housing bubble has been even more out of proportion to the real value of housing than that in the US was.

    i read a financial report on RBS and their uk business was making money and had alot of assets vs debt, please show me otherwise?

    and its the US which caused 8bln losses. also barclays made 5bln this year, mostly from the UK
  • pandamonia
    pandamonia Posts: 293 Forumite
    LesQuirk wrote: »
    Didn't i hear on the news or read somewhere that house prices actualy went up last month?:confused:

    those HBOS figures dont mean anything. they are still most definitely falling
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    LesQuirk wrote: »
    Didn't i hear on the news or read somewhere that house prices actualy went up last month?:confused:

    You did hear that, the reality was somewhat different, they actually went down 1.1% before the seasonal adjustment was performed, which tallys with the Nationwide's negative of 1.3%.
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    And they (RBS) havent even started to take a hit from UK subprime and excessive lending in the UK.
  • pandamonia
    pandamonia Posts: 293 Forumite
    LesQuirk wrote: »
    So when they drop again next month that means nothing too?
    Unfortunately i can only rely on facts and not guesswork that seems prominent on this forum.

    your the one who is quoting info that isnt based on facts.

    you need to understand how HBOS claimed this rise to see that its nonsense.

    also that they were the only company to claim any kind of rise.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    LesQuirk wrote: »
    Reading between the lines you don't own a home ? Do you rent?
    I think hoping houses drop 40% for your own gain and put millions into financial strife is damn right selfish :confused: Did you miss the boat or something ? :rolleyes:

    I'm not hoping for anything, my future is highly unlikely to be in the UK, 40% is going to happen, whether people wish for it or not.

    Edit.. Oh I didn't see the 'missed the boat' line. The boat is unmissable when it's going to be 'in dock' for the nominal 10 years, as it always is when the market crashes.
  • pandamonia
    pandamonia Posts: 293 Forumite
    mbga9pgf wrote: »
    And they (RBS) havent even started to take a hit from UK subprime and excessive lending in the UK.

    maybe your right?
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