Bad news: house prices are rising

chucknorris

StevieJ wrote: »

What do you think will win the Grand National? Try and hide this one in here

DARKNESS for me :cool:

careful! if it doesn't win Graham might put that quote in his signature

Cannon_Fodder

Really2 wrote: »

Can some one get me a glass of water.;)

I have said before, if the timing is right for the individual...

I refer my learned friend to;
http://forums.moneysavingexpert.com/showpost.html?p=16457345&postcount=84

dgl1001

Cannon_Fodder wrote: »

Today's Nationwide figures imply that some sectors of the population have not bargained very hard, or fallen for dodgy pricing, or simply are not too bothered what they pay, they just want that house.

Or they may mean that the demand for housing has increased, placing an upward pressure on prices perhaps????

Really2

Cannon_Fodder wrote: »

I have said before, if the timing is right for the individual...

I refer my learned friend to;
http://forums.moneysavingexpert.com/showpost.html?p=16457345&postcount=84

Thanks:)

I wanted to ask a question today to a "resident bear" but never really got the opportunity.

I am feeling things may have shifted a bit now, a bit more positive (hard to describe really)

Do you think we could start coming out of the other side soon (well next year) and that we have now most likely gone through the worst in terms of drops and financial difficulties (obviously job losses will still rise even after we are "officially" out of recession.

I just wanted to find out is sentiment starting to change a bit.

Thrugelmir

Joeskeppi wrote: »

I'd like to know, on the flipside, why does it have to be the exact same pattern as last time? The news that debt is being paid off at record levels shows to me that lessons have been learnt from the last cycle.

The repayment of debt is only applicable to those whose mortgages are significantly cheaper, can afford it, aren't paying off other more expensive debt, and finally are allowed to under the terms of their mortgage. We're repaying mortgage debt as fast as we can as low interest rates will not last the term of our mortgage.

Also as the value of our house has fallen and we're happy with where we live. So do we want to saddle ourselves with another mortgage in the future, no thanks.

lostinrates

Really2 wrote: »

T

I just wanted to find out is sentiment starting to change a bit.

IMO I think sentiment is up. I think the buying and renting board supports that. BUT Ialso feel unsure that the bad news is over, and with concrete news, flexible sentiment can change again, and I wonder if it doesn't start to feel worse the next time? I don't know what seasoned survivors of previous market downturns would say? Sentiment is important for its impact on the maths.

Really2

lostinrates wrote: »

IMO I think sentiment is up. I think the buying and renting board supports that. BUT Ialso feel unsure that the bad news is over, and with concrete news, flexible sentiment can change again, and I wonder if it doesn't start to feel worse the next time? I don't know what seasoned survivors of previous market downturns would say? Sentiment is important for its impact on the maths.

Thanks, I know I have gone on about having an EA family member and although sales are up prices are still definitely down.

It is nice to know from the people that are thinking further big fall are thinking.

So part of what I think is what I here but part is gut (unexplainable) that the bottom for houses is not actually that far away (well 9 months or so)

I just don't like all the negative stuff I want sentiment to get better falling house prices but optimism is better than falling prices and pessimism.

Thrugelmir

Really2 wrote: »

Thanks, I know I have gone on about having an EA family member and although sales are up prices are still definitely down.

It is nice to know from the people that are thinking further big fall are thinking.

So part of what I think is what I here but part is gut (unexplainable) that the bottom for houses is not actually that far away (well 9 months or so)

I just don't like all the negative stuff I want sentiment to get better falling house prices but optimism is better than falling prices and pessimism.

There seems to be a detachment between the real economy and the property market for amateur property investors. In a broad sense there is a fundamental squeeze on income and profits more or less across the board. The paper wealth created by property investment has evaporated for many.

I'm not bearish about property prices. As my home isn't an investment. I'm not moving in the foreseeable future and if anything will downsize in the far longer term.

I can see an extended period of the stabilisation of property prices. As there's unlikely to be anything to drive them quickly upwards for some considerable time. Correspondingly as people need to live somewhere there's unlikely to be a rush to sell if there's no need to.

Just like Tulips, silver, the Dotcom boom. The property pyramid will be consigned to the history books. The speculators (who cashed in at the peak) are already taking their positions in the money making scheme.

StevieJ

cindiedunkley wrote: »

I have just had 2 people within the last hour, tell me that house prices are starting to rise. One was an EA and one was a muppet. Do you think they are both right or both wrong?:cool:

If you extend it to a few hours you can include the Nationwide as well

chucky

penguine wrote: »

From The Guardian:

why is it bad news that house prices may be rising - surely that will help those people that may be in negative equity and give some sort of confidence to the economy?