Bad news: house prices are rising

Dithering_Dad

Wookster wrote: »

The recession of the 90s was localised, this one is global.
This is a financial crisis, the 90s recession was not.

With these two points combined, how do you think it is possible that the HPC will be less painful than that of the 90s?

Localised where, just to the planet Earth?

Which major countries were not in recession in the 90s?

Crabs

StevieJ wrote: »

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

Why do you have such a penchant for using that Stupid Grin thing at the end of soooo many of your comments ??

System

Crabs wrote: »

Why do you have such a penchant for using that Stupid Grin thing at the end of soooo many of your comments ??

His parents were hyena's.

Cannon_Fodder

Really2 wrote: »

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.

Well, hopefully a bear will come along at some point...(!)

In the meantime;

I think its in human nature (even to me) to start to look at things positively after a certain amount of time. That will vary by person, and the local factors that a person experiences.

I think everyone has had enough of bad news. And as spring is supposed to be about renewal/rebirth etc...

That doesn't mean that posting a negative article is negative, because there are two sides to every coin, and what is bad for one group could be an opportunity for another.

But with the sun shining, its difficult to be totally negative - not in a "trying to" way, but accidentally! That's something primeval, I think. Through the long winter months, with S.A.D and lack of Vitamin D, depression is/was a genuine risk/possibility.


I am personally affected differently to many on here, as I have been dragged through both an aborted, and now completed, redundancy process.

And just been to the JobCentre...

This situation neatly fits in with my bi-directional thinking. Half of me thinks "oh damn, what now", the other half says "great, glad to be out of that !!!!!!-hole, opportunity for change".

While the weather holds, the latter will probably prevail, but come autumn, its likely through that primeval influence, that the former will gain precedence.

I agree with the "sometime next year" for the true bottom. (or at least only -5% or so per year after that - subject to the proviso that we may not have seen everything the banks/countries have to own up to)

I think March, and may be April too, could be positive % because of the "pent-up" (hate that phrase when used by VIs!) demand, because no-one can ignore the households where life has to "go on" sometime.

The nesting habits of the ladies, job changes, relationship breakup, probate, etc etc, can only be deferred for so long. I've said before that we have already been through two Xmases, and for some that will be the starting pistol that they are not going to wait for a third...

Once the cash/high deposit buyers, good credit buyers, nice properties, and well-priced properties leave the market, it will leave the bad credit rating buyers, low deposit-holders suffering what they think is a high IR, shoddy properties, and over-priced properties, which will sit there unable to tie-up a deal, which is why I think most on here are in agreement that summer/autumn will not follow the spring bounce.

Cannon_Fodder

chucky wrote: »

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?

Does it not worry you that one of the "best" economic indicators is the price of houses...?

What sort of economy does that imply we have?

Is that sustainable, or just another bubble evolving?

mewbie_2

Cannon_Fodder wrote: »

Well, hopefully a bear will come along at some point...(!)

Hello. Been having a little cry. Was hoping to get into BTL in 2013 and this one months figures may have put the kybosh on that plan.

I think some people have 'gone for it', we know sellers pop the prices up a tad in the spring, and some will have found they can afford a house. I think it's a blip.

Cannon_Fodder

mewbie wrote: »

Hello. Been having a little cry. Was hoping to get into BTL in 2013 and this one months figures may have put the kybosh on that plan.

I think some people have 'gone for it', we know sellers pop the prices up a tad in the spring, and some will have found they can afford a house. I think it's a blip.

I see you've gone for the "keep it short and to the point, as that'll get read, and then thanked" approach...

I'll have to try that one day.

mewbie_2

Cannon_Fodder wrote: »

I see you've gone for the "keep it short and to the point, as that'll get read, and then thanked" approach...

I'll have to try that one day.

If it's long enough to require scrolling through I just move on the next post. Very few people capable of 'entertaining' me over that sort of length.

Cannon_Fodder

Silly thing is, I think that about other posts, but mine are SO much more important...!

carolt

Really2 wrote: »

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.

Could I count as a 'resident bear'?

Personally, I don't feel optimistic about the economy in the short term; in the long term, obviously I hope so.

I remember the last recession well, and this one frankly only seems to have been going on for about 5 minutes by comparison. I can't really see that much has changed - house prices have fallen by a bit, some banks have crashed and been nationalised, but in terms of improvements, I can't see that much has been done to prop it up, let alone prevent the same thing happening again.

Maybe it depends if you think it was all perfect before? In which case, equilibrium coul be seen to have been reached. And we can all go back happily to where we were.

Personally, I thought there were lots of problems before and recent events have uncovered a range of further problems previously invisible. I don't think we can see repair until furthe real action is taken.

Fingers crossed for the G20.