Bad news: house prices are rising

rumbaba

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:

Well, you might call the Halifax and Bank of England muppets, and you might call all the national newspapers muppets too, but THEY'RE all saying the same - HOUSE PRICES HAVE RISEN IN THE LAST MONTH.

MORE PEOPLE ARE BUYING.

BANKS HAVE INCREASED THEIR MORTGAGE LOANS.

BANKS HAVE UPPED THE AMOUNT THEY'RE LENDING.

MORE MORTGAGES WERE ARRANGED LAST MONTH.

Are you saying all these people are muppets? Or are you just bitter?

Really2

Wookster wrote: »

Why is that surprising?

The car is gorgeous! My first run got 57.6mpg (at 70 with cruise control on) - how good is that?

I don't know perhaps a misconception on my part of the bears.(I expected most bears to say everyting is pants.:o )

Good new on the car though:)

whathavewedone

Nothing like having hope!

Just detached houses in the south east that your hoping will halve from today is it?

Not your house that you'd have to sell first presumably?!

I don't know where in the south east you're talking about but where we are in Kent, 40 mins train journey away from London, 2/3 bed terraced houses have come down already to the £150-175k range depending on location and condition.

1 and 2 bed new build flats are already going for 80k.

Another 10-15% off and prices will be very affordable considering that most people here work in London.

Even the uber bears are talking about FURTHER falls of 37% as just a possibility.

Given that the rate of the falls are slowing it just doesn't look likely that prices are going to come down by another 50%.

Wookster

Really2 wrote: »

I don't know perhaps a misconception on my part of the bears.(I expected most bears to say everyting is pants.:o )

Not at all. There are positives to the UK economy, mainly that it is an innovative place with a flexible labour market. The latter means less protection in the bust but in a boom, more jobs will be created, and fast. Compared to France which has significantly more protection but has had much higher unemployment for the last n years.

The problems I see in the UK are
- too much personal debt
- too much government debt
- house prices that have become too expensive for the economy, relative to salaries
- unsustainable trade deficit arising from the UK not producing things that the rest of the world wants
- inefficient public services swallowing up too much money
- (generally) not upwardly class mobile society

Its not all gloom and doom, but there are big structural problems that need to be addressed and I'm not sure any current political party is willing to bring about all the necessary changes.

ad44downey

House price recovery CANCELLED.

House prices 'drop 1.9% in March

UK house prices fell by 1.9% in March compared with the previous month, according to the Halifax.

http://news.bbc.co.uk/1/hi/business/7980813.stm

ruggedtoast

ad44downey wrote: »

House price recovery CANCELLED.

House prices 'drop 1.9% in March

UK house prices fell by 1.9% in March compared with the previous month, according to the Halifax.

http://news.bbc.co.uk/1/hi/business/7980813.stm

We're in the middle of a mass global recession and liquidity crisis. Thousands are losing their jobs and the whole validity of capitalism is being called into question and house prices are falling?

I dont believe it.

Edit: I dont belieeeeeeeeeeeeeeeeeeeeeeeeve it.

/Victor Meldrew voice.

besonders1

rumbaba wrote: »

Well, you might call the Halifax and Bank of England muppets, and you might call all the national newspapers muppets too, but THEY'RE all saying the same - HOUSE PRICES HAVE RISEN IN THE LAST MONTH.

MORE PEOPLE ARE BUYING.

BANKS HAVE INCREASED THEIR MORTGAGE LOANS.

BANKS HAVE UPPED THE AMOUNT THEY'RE LENDING.

MORE MORTGAGES WERE ARRANGED LAST MONTH.

Are you saying all these people are muppets? Or are you just bitter?

Yes what your saying is true , but do you really think that the trend will continue during a recession? don't bet your house on it.:rotfl:

Really2

besonders1 wrote: »

Yes what your saying is true , but do you really think that the trend will continue during a recession? don't bet your house on it.:rotfl:

Sorry but I think you are ignoring the fact they have all happened and we have been in recession some time.

No need to laugh at the poster as it is clearly going against your view.

Will it continue quiet possibly as the reason people did not buy houses (cost and lending) have considerably eased in the last 18 months.;) (PS that is not saying prices will go up)

ad9898_3

rumbaba wrote: »

MORE PEOPLE ARE BUYING.

BANKS HAVE INCREASED THEIR MORTGAGE LOANS.

BANKS HAVE UPPED THE AMOUNT THEY'RE LENDING.

MORE MORTGAGES WERE ARRANGED LAST MONTH.

And to think, all this, and still prices are falling. On the contrary, I would be a little worried as this is it, the government have nowehere else to go, the money has ran out/been turned off by King, and interest rates, although low at the minute have only one way to go now.

I wouldn't touch buying a house at the minute with someone elses bargepole.

Entertainer

Patrick Collinson is the man.:T