Bad news: house prices are rising

Dithering_Dad

Cannon_Fodder wrote: »

Spring followed by autumn.

Wow, I had to rub my eyes for a moment there CF, what with you being all positive and spring-like and everythjing. Luckily, autumn soon came along and restored balance to the universe.

Well, I think that was the gist of your post, I just skimmed it because long posts don't hold my attention.

tomterm8

Great. I notice those oil shares which I made a foolish mistake buying too early are actually making a profit due to the rally in share prices. (*mouse buttons click*. )

Ah, that's better.

And when the disappointment sets in, and the bulls get trapped, I'll be able to buy them again:) Bonus.

Thrugelmir

tomterm8 wrote: »

Great. I notice those oil shares which I made a foolish mistake buying too early are actually making a profit due to the rally in share prices. (*mouse buttons click*. )

Ah, that's better.

And when the disappointment sets in, and the bulls get trapped, I'll be able to buy them again:) Bonus.

Get in early. As soon as global economic activity picks up and therefore the demand for oil. The oil barons will be in control again dictating prices.

wolfplayer

Rochdale_Pioneers wrote: »

Isn't it obvious what the difference is? The gap between supply and demand has increased. More people need houses - especially small and family sized houses, and fewer houses are available as builders have failed to keep up with demand and have occupied themselves building city apartments for the BTL market.

Yes we need more houses but the economy is crashing and there isn't the money to support house prices at 2004 price levels.

Rochdale people like you might as well treble the value of your homes in your mind and tell us `demand' should be a hostage to your price. Cuddle up to your supply and demand reasoning but Rochdale might get wiped off the map as an economic failure town.

Pobby

Well there ya go, house prices only go up!

islandannie

Pobby wrote: »

Well there ya go, house prices only go up!

In my Area that`s probably pretty close to the truth.

Dan:_4

Pobby wrote: »

Well there ya go, house prices only go up!

It's never been anything different

cocktail

Pobby wrote: »

Well there ya go, house prices only go up!

exactly, what my granny used to tell me years ago.
i cant believe there are actual threads here predicting 70%falls, a bit delusional.
so you cannot afford a house --so what do you do, get the prices down to your salary level!! why buy? stay in something you can afford/live within your means.rant rant rant........

Dithering_Dad

cocktail wrote: »

exactly, what my granny used to tell me years ago.
i cant believe there are actual threads here predicting 70%falls, a bit delusional.
so you cannot afford a house --so what do you do, get the prices down to your salary level!! why buy? stay in something you can afford/live within your means.rant rant rant........

Sounds perfectly straightforward to me.

Stay in cheap accomodation and save up. Sorted.

Pobby

Pobby wrote: »

Well there ya go, house prices only go up!

Well yes, I did post this, and that over a period of time is true. However I was being a bit tongue in cheek also. I still feel that there is a long way to go before we reach bottom. I often have asked the question, why, between 1998 and 2007 had my house gone up by 400%? Yes crazy isn`t it. There ya go. Not one person can give me a decent explanation, not one person.

So, as wrong as I might be and I don`t mind admitting that is often the case, I am certainly not convinced we are anywhere near the bottom.