Daily Express Ramping - House Prices Are Up Again!

robin_banks

Lending slightly up from very low levels, LIBOR won't stay this low for ever , what increase in market activity?.

Austin_Allegro

ruggedtoast wrote: »

I love the comments, very off message of course. They'll be saying that Diana wasnt the Queen of Hearts, Maddy wont be found and caravan holidays are no good next.

PMSL! I always see the typical Express reader as a middle aged couple in the West Midlands, sitting on flowery wicker sofas in their PVC conservatory, sagely nodding and smiling at every story about HPI and tutting angrily at any mention of prices dropping...

System

Why is whenever someone posts anything positive the response is to state the f**king obvious?

"Lending is up"

"Yeah but compared to the boom it's still low"

"Thanks captain obvious"

Dan:_4

ad9898 wrote: »

Never a truer statement has been said, either here, HPC or any other board discussing house prices, I guess in a way it's like a kind of banter you have down the pub after a few ales. Nobody is going to change sides, but it is kinda fun, except the last week or two, it's been tough for the bears......... it's very difficult to get any other message across when the media is ramping, whether they are right or not, some headlines have been a little misleading over the last couple of weeks.

Yes, I think headlines have been very misleading of late. Over ramping to say the least, so I can see why this might upset some people. However some people need to understand that 40, 50, 60, 70, 80% general falls will simply not happen.

Im sure if you check out the auctions, you are likley to get a repo marked 50% less then it's 2007 high, but the Halifax and Nationwide figures are not likely to go below another 10ish%. Signs are prices will bottom by end of this year, or maybe Q1 2010 at the very latest.

The good thing is, that it likely to take a good few years before prices rise back to the levels of 2007.

I think if prices finish 25 - 30% down, then the HPCers have had a result. Unfortunaly, this will not be enough for some.

robin_banks

Joeskeppi wrote: »

Why is whenever someone posts anything positive the response is to state the f**king obvious?

"Lending is up"

"Yeah but compared to the boom it's still low"

"Thanks captain obvious"

Just highlighting to rampers that there is little or no 'positive news' iro house prices, 'stating the ****ing obvious' needs **** well stating because the vast majority of this positive news is ****ing bull****.

Rafter

Joeskeppi wrote: »

Lending up, LIBOR down, increased market activity, what more do you want?

Lending up....... to levels below anything seen in the 20th century

LIBOR down..... but banks don't trust each other to lend for long enough to fund mortgage loans - the only sources of long term funding are savers or the bank of england schemes.

Market activity is up but again from very low rates.


Oh - and most people think unemployment is going to go up by about 1,000,000 in the next 12 months. That is a lot of reposessed houses and mortgage arrears driving down the prices.

R

Dan:_4

robin_banks wrote: »

Just highlighting to rampers that there is little or no 'positive news' iro house prices, 'stating the ****ing obvious' needs **** well stating because the vast majority of this positive news is ****ing bull****.

This is exactly what I mean by some people coming to terms to the fact that 70% falls are never going to happen.

ess0two

Joeskeppi wrote: »

Lending up, LIBOR down, increased market activity, what more do you want?

At least 60% off current prices then he majority would still be questioning are houses value.

ad9898_3

Dan: wrote: »

I think if prices finish 25 - 30% down, then the HPCers have had a result. Unfortunaly, this will not be enough for some.

Again, i think this is correct, maybe closer to 30%;), but I agree most HPC'rs should be happy with an average 30% down, whether they will or not is different matter. I just hope that the ridiculous HPI of 2000-07 is regulated away somehow, it hurts most of the population in one way or another, just at different times of the cycle.

robin_banks

Dan: wrote: »

This is exactly what I mean by some people coming to terms to the fact that 70% falls is never going to happen.

Not sure what you mean by that, my own take is that HP's have a way to go yet, another 10-15% but 70% overall nah. But HP's will not go up for a few years.

Getting bored with blatent rampers, as I am with 70% HPC merchants.