Property: March house prices rise by 1 per cent

mitchaa

Haha nice 1 but a day too early DD.

No need to feel embarrassed, im sure if the 1993 point had not been raised, half of this board would have fallen for it.

Bendix...naughty naughty, hurtling false accusations around again. I have never once stated that i believe property is rising, no not even in Aberdeen, but i suppose if it helps you get your point across, then fire away, make up what you want, i always speak with facts and figures

Busy week this week for house price data, tomorrow and thursday.

mewbie_2

mitchaa wrote: »

Haha nice 1

I hope you didn't quickly mew a small fortune on the strength of it.

Dan:_4

mitchaa wrote: »

Haha nice 1 but a day too early DD.

No need to feel embarrassed, im sure if the 1993 point had not been raised, half of this board would have fallen for it.

Bendix...naughty naughty, hurtling false accusations around again. I have never once stated that i believe property is rising, no not even in Aberdeen, but i suppose if it helps you get your point across, then fire away, make up what you want, i always speak with facts and figures

Busy week this week for house price data, tomorrow and thursday.

Tell me about it. All you need to do is mention prices are near the bottom, or mortgage approvals are a good sign and you get accused of stating prices are rising.

I don't think anyone on this forum is predicting HPI

bendix

mitchaa wrote: »

Haha nice 1 but a day too early DD.

No need to feel embarrassed, im sure if the 1993 point had not been raised, half of this board would have fallen for it.

Bendix...naughty naughty, hurtling false accusations around again. I have never once stated that i believe property is rising, no not even in Aberdeen, but i suppose if it helps you get your point across, then fire away, make up what you want, i always speak with facts and figures

Busy week this week for house price data, tomorrow and thursday.

Two points.

1) i never claimed you stated house prices were prising. Read my post again.

2) and while you're at it, take another look at your signature and the implicit claim therein.

mitchaa

bendix wrote: »

2) and while you're at it, take another look at your signature and the implicit claim therein.

Come on then Einstein, please explain. I hope you are not going to make a fool of yourself and argue black is white about the figures that lie there within;)

With the stats today showing +10% from when i bought my house, yes in 2007, what is false about my claim? Okay i have not made money as i have not sold, but then you have not saved money because you have not bought. It works both ways, hence the purpose of my fishing comment about how i have made money in this HPC.

I suspect they will not be showing +10% tomorrow when the 1/4 index is released, but this is today:p

SingleSue

Ah yes, I remember those headlines from all those years ago...as house owners in negative equity it gave us hope, only for it to be dashed and our house plunged even further down.

Still at the time of the headline, I had only just found out I was pregnant, we were both in good jobs, life was good and we weren't overly concerned with the negative equity.

Good thread though....you had me too!

Dithering_Dad

SingleSue wrote: »

Ah yes, I remember those headlines from all those years ago...as house owners in negative equity it gave us hope, only for it to be dashed and our house plunged even further down.

Still at the time of the headline, I had only just found out I was pregnant, we were both in good jobs, life was good and we weren't overly concerned with the negative equity.

Good thread though....you had me too!

I think there will be a few 'false dawns' before the bottom is reached and we start going up the other side, just as we're seeing in the stockmarket right now and just as we saw in the 90's. While I don't believe you can predict everything that can happen by examining what happened in the past, it is certainly a useful guide.

I originally came across that article because I was doing a bit of 'trend analysis' for the stockmarket and thought I'd have a peep at some historical analysis on the housing market too. It makes for interesting reading so read all the predictions the pundits were making in that crash (especially as you know who was right and wrong) and compare them with similar predictions being made today.

The most important thing to remember when you read historical details on the house market is that problems such as negative equity and devaluation of equity were all resolved a few years later.

Remember, a house is an investment that you get to enjoy every day and like all worthwhile investments, it should be viewed as a long-term one. In the 25 years (or more) that you have your mortgage, you will see at least three crashes and three recessions. They all seem to be "The End of Western Civilisation" when you're in the middle of it, but life always seems to go on.