Mortgage approvals leap by 19 per cent (merged)

whathavewedone

It really is quite pathetic how so many people are so blinkered that any piece of news that doesn't support their views has to be spun/fabricated while any news that does is met with posts of "TIMBER" "those BTLS will be shaking in their shoes" "weep and starve on the street all you people who bought during the boom and if I had my way my hard earned taxes wouldn't be used to house and feed your children, I'd leave you in the gutter and spit on you on my way past!!"

Yes, lets move to the Moneysavers Arms because actually the level of debate on tampons v towels is probably of a higher quality than most of the threads on here at any rate.

If there weren't so many nutters/adolescent idiots/downright vicious and nasty people invading the board then maybe it could stay where it is. As it is though, I don't think it's good for anyone who comes to this forum to ask for advice about buying a house. At the end of the day, this isn't HPC or GHPC.

It's the rabid bears who are most opposed to the move. Why? Because you like to think that you can influence the "sheeple" into capitulation if you have a loud enough voice.

the_ash_and_the_oak

not sure above is true btw

i'm bearish because i believe they will fall further not because i want them to. at some point in the future i will become bullish again. that time is not yet

I would prefer them just to stay the same tbh. would help my parents. neither falling nor rising really makers any difference either to my str grandparents or myself. prefer rents continue to stay flat is all

whathavewedone

Well yes but I didn't see you denying the truth of last month's mortgage figures.

I'm bearish in that I see prices falling further too, I think most people do.

It's the people who need prices to plummet by at least as much as they have done already in order to buy whether because in reality they can't afford to buy or they are so risk averse they are only prepared to buy without a mortgage who squeal like stuck pigs every time there is any remotely positive news.

God knows how these people will cope if prices only fall by 10-15% from now on.

Dan:_4

ad9898 wrote: »

Ok fair enough, I must have missed that one, otherwise I would have said we need 90,000 approvals a month to create the demand to stop prices falling further.

Agreed. There is a long way to go, and will have further falls - but this is the first sign prices will bottom by year end.

chucky

fatpig wrote: »

The only bottom you'll be seeing by the year end is chucky's. :rotfl:

and then people think that this board is a good idea :rotfl:

Dan:_4

fatpig wrote: »

The only bottom you'll be seeing by the year end is chucky's. :rotfl:

Here we go, stright away.

chucky

fatpig wrote: »

chucks & dan, don't forget to thank each others' posts

lol - you mug

the_ash_and_the_oak

whathavewedone wrote: »

Well yes but I didn't see you denying the truth of last month's mortgage figures.

I'm bearish in that I see prices falling further too, I think most people do.

It's the people who need prices to plummet by at least as much as they have done already in order to buy whether because in reality they can't afford to buy or they are so risk averse they are only prepared to buy without a mortgage who squeal like stuck pigs every time there is any remotely positive news.

God knows how these people will cope if prices only fall by 10-15% from now on.

Thats because I haven't denied them. Not sure why anyone would consider this bad news tho, regardless of persuasion

mewbie_2

Sorry to be a party pooper. Some think this the is the recovery? When we started falling eighteen months after the States who are yet to finish falling? Did I miss something here, some magic that makes the worst economy in the world (arguably) with the biggest housing bubble (unarguably) able to recover so soon?

I agree there is indeed a very very small Spring bounce, much to my surprise. But of course there are 'bargain' hunters out there, and people who have to buy, and cheap'er' mortgages if you have the deposit.

Doesn't mean diddly squat imo.

Dan:_4

mewbie wrote: »

Sorry to be a party pooper. Some think this the is the recovery? When we started falling eighteen months after the States who are yet to finish falling? Did I miss something here, some magic that makes the worst economy in the world (arguably) with the biggest housing bubble (unarguably) able to recover so soon?

I agree there is indeed a very very small Spring bounce, much to my surprise. But of course there are 'bargain' hunters out there, and people who have to buy, and cheap'er' mortgages if you have the deposit.

Doesn't mean diddly squat imo.

It's not the recovery, not a spring bounce, just a sign that prices will soon level out - by end year IMO