***House prices up 1.2% in May***

chucky

StevieJ wrote: »

Hey Chucky those oil shares are holding their own.

i tell you what BP and Shell are on the move 30% on those - those 8%/9% dividends are good too.

i missed out on Heritage Oil though - was very close to be into them.

IveSeenTheLight

StevieJ wrote: »

True, but we do know the direction at least i.e more not less.

Ok, so there are more buyers and more properties for sale

My point is, that it could be inferred to the supply / demand theory as why prices have increased recently (3 months in a row according to Nationwide), but unless you know the actual amounts, it's only a hypothesis as to why it might be

Conrad

Graham_Devon wrote: »

As for clinging on...what do you call it then? They put the house for sale, see it's dropping in value, want to move, but take it off the market because it's value is droppiong and wait for them to pick up again.

If that's not clininging on, what is?

Graham, people clinging to equity, is merely part of the same continuem that is shared with all bargain hunters - people who want a discount voucher to eat out, buy one get one free, cheap Tuna, clothes and dvd's made possible by cheap third world labour.

So much hippocrasy.
We are ALL greedy. I bet last time some of us here sold a car we held out for a ridiculous price.

Conrad

PS - As I predicted last year, then end of this summer will usher out any further falls.

System

I would define "clinging on" differently from "don't really feel the need to sell unless I can make some tasty profit".

pickles110564

Conrad wrote: »

So much hippocrasy.
We are ALL greedy. I bet last time some of us here sold a car we held out for a ridiculous price.

Not me, took £2k for mine when it was worth probably £250. I love that Broon bloke.

pickles110564

Conrad wrote: »

PS - As I predicted last year, then end of this summer will usher out any further falls.

Surely that is only until IR's start increasing.
If IR's start hitting the high single didgits there will be more people being repossesed than there are now so this will causes falls all over again.

neas

basically interest rated will be kept low until the banks are 'shored up' and are stable again, once inflation takes hold IR will rise up back to 6%+ i guess.

So itll be a bang coast bang effect...... falls then slow, then people will get caught again as the bottom is called.

I cant feasibily buy a house at the moment anyways, i live in south west and jobs here are pants... 50 miles north you got sea, 5 miles south you got sea. Basically its not a good place to plant routes in terms of commuting.. so i will se how it goes

Conrad

pickles110564 wrote: »

Surely that is only until IR's start increasing.
If IR's start hitting the high single didgits there will be more people being repossesed than there are now so this will causes falls all over again.

I don't think so. The BOE will not want to be seen as the muppets that poured billions into the economy in QE, only to see the tentative recovery then thrashed out of existence.

Rates will rise slowly and not too soon. People will be able to absorb the slow modest rise as thier economic situation improves.

StevieJ

JonnyBravo wrote: »

So tell me to !!!!!! if you like mewbie but what's got your goat recently?

I remember when it used to be a joke-fest.... who was the wittier man?.... mewbie or cleaver, (I won't say who won most), but for the last 2 months or so you've got a lot angrier. The usual post from you now entails lots of derision and lots of links to graphs of doom.
What's changed for you.... you've changed back to the man you were when you first arrived?

It is like he has been possessed by Wookie :eek: Or maybe there is something wrong I also remember the days when Chucky used to defend mewbie.