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Debate House Prices
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FT: House prices to start rising steadily as soon as October
Comments
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Thrugelmir wrote: »Inflation will be externally driven.
OPEC is attempting to drive crude oil prices up to $60 PB by the end of the year.
Food prices are rising.
The exchange rate will improve as UK interest rates rise to attract buyers to fund the PSBR.
$60 PB would still be lower than last year by around 25% even at todays low £.
That would equate to fuel deflation not inflation as the price is based on YOY figures.
food as been rising but as apparently peaked(we will have to wait and see)
I can't see much inflationary pressure in the world at the moment other than demand that is why the only thing that is inflating because of demand is food.0 -
To carry on where I left off yesterday, I do believe we will see rising prices come October, I'm not sure I have much statistical evidence to back me up apart from the 900 extra mortgages this month, and Nationwide's 1 month 0.9% rise. But I'm trying to be a bull for a few days, so I will just have to ignore the other factors and concentrate on the 2 that I have mentioned.
Just out of interest, I have scowered the internet for house prices rising whilst a recession is on and a 50% reduction in the available credit, but I just can't find one, if one of my fellow bulls would like to help me out with a link, it would be very much appreciated.0 -
To carry on where I left off yesterday, I do believe we will see rising prices come October, I'm not sure I have much statistical evidence to back me up apart from the 900 extra mortgages this month, and Nationwide's 1 month 0.9% rise. But I'm trying to be a bull for a few days, so I will just have to ignore the other factors and concentrate on the 2 that I have mentioned.
Just out of interest, I have scowered the internet for house prices rising whilst a recession is on and a 50% reduction in the available credit, but I just can't find one, if one of my fellow bulls would like to help me out with a link, it would be very much appreciated.
www.housestheonlywayisupinnit.com0 -
Just out of interest, I have scowered the internet for house prices rising whilst a recession is on and a 50% reduction in the available credit, but I just can't find one, if one of my fellow bulls would like to help me out with a link, it would be very much appreciated.
I've already asked this a while ago, i.e. when was the last time interest rates went up that house prices also rose, and when was th last time house prices rised in a recession, or even, 2 years after.
No one came forward to answer. But did spin something else I said
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To carry on where I left off yesterday, I do believe we will see rising prices come October, I'm not sure I have much statistical evidence to back me up apart from the 900 extra mortgages this month, and Nationwide's 1 month 0.9% rise. But I'm trying to be a bull for a few days, so I will just have to ignore the other factors and concentrate on the 2 that I have mentioned.
Just out of interest, I have scowered the internet for house prices rising whilst a recession is on and a 50% reduction in the available credit, but I just can't find one, if one of my fellow bulls would like to help me out with a link, it would be very much appreciated.
Ad, your being way to optimistic to be taken seriously as a bull!0 -
Graham_Devon wrote: »I've already asked this a while ago, i.e. when was the last time interest rates went up that house prices also rose, and when was th last time house prices rised in a recession, or even, 2 years after.
No one came forward to answer. But did spin something else I said
During a recession there have been 1/4s with nominal increases.
http://www.mortgageguideuk.co.uk/housing/uk-house-price-index.html
dont forget the last recessions were inflation caused so nominaly it was more than possible.
But no one is saying they are going to rise they will stagnate though.
Perhaps this gives a beter idea on what ouses have done nominaly in the past recessions.
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So 15 per cent of people surveyed thought house prices would return to steady growth by the end of 2009.
Who was surveyed? Would you look at this evidence and decide 'House prices to start rising steadily as soon as October'?
What a load of crap.0 -
During a recession there have been 1/4s with nominal increases.
http://www.mortgageguideuk.co.uk/housing/uk-house-price-index.html
dont forget the last recessions were inflation caused so nominaly it was more than possible.
But no one is saying they are going to rise they will stagnate though.
Perhaps this gives a beter idea on what ouses have done nominaly in the past recessions.
LOL.
Love how you have chosen to use nominal house price over real house price
nice!0
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