Halifax +2.6 % MoM

lostinrates

Dan: wrote: »

As for political stability - who gives a !!!!!! - let them all argue and kill each other and just get on with life.

I care. 'They' are part of my life, albeit a small part.

Lotus-eater

setmefree2 wrote: »

It was the point - the original post I was responding to said lots of people actually buy a house on the basis of a sole income....:D

Was it, are they?
This threads moving too quickly, I'm sure I made a good and valid point anyway. Time for a cup of tea me thinks.

Hang on......... how many people earn enough to buy a house on a single wage? I did when I bought my first house, but now, not a chance.
Even in a middling area you must be earning a very good wage. And the majority of people don't.
Then we go back to the, should normal middling wage earning folk be able to actually buy their own house, or rely on the kindness of landlords?

Dan:_4

lostinrates wrote: »

I care. 'They' are part of my life, albeit a small part.

Why would it stop you from buying?

Dan:_4

Graham_Devon wrote: »

Well then no one would be buying houses. You can never ever guarentee job security.

But you can have a good idea.

lostinrates

Dan: wrote: »

Why would it stop you from buying?

Taxation mainly, fiscal policy. But, for example, should BNP get a significantly larger hold in UK, as seems possible ATM, would this be a good place fo me to live?

FoxtonsRIP

I can't believe some people are getting so excited about this. Haven't you heard of the 'spring bounce' before?

lostinrates

FoxtonsRIP wrote: »

I can't believe some people are getting so excited about this. Haven't you heard of the 'spring bounce' before?

Of course, I'm not excited, but this is a big bounce on the scale of things, and it would be equally foolish to ignore it as it would to give it too much importance.

Dan:_4

lostinrates wrote: »

Taxation mainly, fiscal policy. But, for example, should BNP get a significantly larger hold in UK, as seems possible ATM, would this be a good place fo me to live?

Well there is not much you can do about taxation. I wouldn't let it put me off buying though.

As for the risk of BNP getting a larger holding - a fair point. There support is growing because they are telling people what they want to hear, but have a secert agenda - much like what Germany went through in the 1930s.

They won't push me out my own country tho.

Dan:_4

FoxtonsRIP wrote: »

I can't believe some people are getting so excited about this. Haven't you heard of the 'spring bounce' before?

Getting worried Fox?

the_ash_and_the_oak

At last it starts to get interesting again...

Thoughts:

1. QE and govt/boe policy is working. Until early 2009 didn't seem there was much in place to prevent forces sales and reposessions. This in place properly now and has reduced forced sales and prevented what could have been a major downward force on the market. (to points about unemployment earlier - think this isn't going to be a huge factor in regard to existing owners - but will have more of an effect on potential owners - but this isn't so easily quantifiable)

2. For me, forced sales would have been concentrated more at the lower end of the market, new builds, less desirable areas of town etc. Feeling that a larger percentage of the sales are of better quality houses in better quality areas (exactly the sort of houses that people said "there'll never be a crash in my street") - think this is also supported by the large deposits currently required for the best deals. In short with transactions still low, and people in poorer standard housing being helped to keep their homes, it is the better quality end of each sector of market that is moving

3. Feeling this is bearing out my earlier point that it will not be until the market as a whole moves, and transactions increase to cover the whole market, that we will see the next stage of falls. Can't really see that being until next year. The drivers of the next stage for me are not existing owners, but the owners to come, next year, the year after, and the year after that - and what they will be able to afford

4. While it is based on a reduced number of transactions, 2.6% in a month is still an enormous increase. tbh thinking this kind of volatility is not so good - and imo the desired aim of current policy is stability of prices, not lurches in either direction.

5. However a 2.6% rise in a month on top of already significantly improved sentiment* might actually finally help my parents to sell their house

*tho sentiment has been high this far during crash imo