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Debate House Prices
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Nationwide "Real" House Price Index rose 1.6% in June
Comments
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I know some of the figures maybe saying this, but I would really like to know of some areas or perhaps some Righmove links to these areas to show this is happening, in the areas I'm looking at prices are falling, I can't find any actual prices that have gone up in the last 12 months that have sold.
Why do you persist with this?
Why do you think prices of houses already on Rightmove actually have to rise for selling prices to increase?
Do you genuinely not unerstand this doesn't need to happen?
I'd suggest that isn't very common anytime..... even in the rarified heights of 2007.0 -
I know some of the figures maybe saying this, but I would really like to know of some areas or perhaps some Righmove links to these areas to show this is happening, in the areas I'm looking at prices are falling, I can't find any actual prices that have gone up in the last 12 months that have sold.
you can find all of this on the Nationwide web site - February was the lowest point at £147,746 and June's came in at £156,442 - 6% more expensive in June than they were in Februry.
http://www.nationwide.co.uk/hpi/downloads/Monthly.xls
does that mean that when you tell someone not to buy in February at 6% less would have been the right decision?0 -
IF houses are rising in value, then that is bad news not good."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Oi! That's my prediction! get your own!
Sorry, didn't know I could cause offence agreeing with someone
So that I don't get abuse by the bears how about this one:-
By the end of the year we could see less than -1.0% YoY figures (with a tolerance of +1.5% / +0.5%) :wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Depends which side ofthe fence your sat on..........NE its a good thing,looking to buy a bad thing.
On a personal level, yes.
But on a social level, no. Rising prices are a bad thing all round."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
On a personal level, yes.
But on a social level, no. Rising prices are a bad thing all round.
No, thats not right.
Rising prices are good news for the 10 million or so who are mortgage free and may need to sell up to downsize for retirement.
Rising prices are good news for the close to 5 million who are in negative equity or close to it.
Rising prices are good news for the couple of million with investment properties.
Rising prices are good news for those who may need to remortgage and aren't currently eligible for the best deals due to LTV.
Rising prices are good news for the wider economy as MEW was 8% of consumer spending.
In fact, rising prices are only bad news for FTB's, for those who may want to upsize (and even then it's debatable) and for the STR speculators.
Rising prices are good for the majority, and bad for the minority.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
As I said Mctwatish.............. rising prices are no good for society.
All your examples are about personal circumstances."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
As I said Mctwatish.............. rising prices are no good for society.
All your examples are about personal circumstances.
Alrighty then.... So society in your book consists of you and a few mates.
Whereas the 17 million or so people I mentioned, plus their families, are just individuals.
Nice one.:rotfl:
If something is good for the majority of people in a society, then it is good for society in general.... There will always be a few losers though, with yourself at the head of that Q......;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »No, thats not right.
Rising prices are good news for the 10 million or so who are mortgage free and may need to sell up to downsize for retirement.
Rising prices are good news for the close to 5 million who are in negative equity or close to it.
Rising prices are good news for the couple of million with investment properties.
Rising prices are good news for those who may need to remortgage and aren't currently eligible for the best deals due to LTV.
Rising prices are good news for the wider economy as MEW was 8% of consumer spending.
In fact, rising prices are only bad news for FTB's, for those who may want to upsize (and even then it's debatable) and for the STR speculators.
Rising prices are good for the majority, and bad for the minority.
Don't agree with the MEW'ing part, but the rest is fairAs I said Mctwatish.............. rising prices are no good for society.
All your examples are about personal circumstances.
Personal circumstances is just a micro analysis of the social scene.
Simply put, Hamish is showing that the majority of mortgage holders benefit from rising prises.
There are approx 11.1 Mortgage holders another similar amount mortgage free.
With 20+ Million people benefiting from rising prices, it far outweighs the 1Million per year of sales per year.
Arguably, if people buy now and prices rose in line with inflation then they benefit from rising prices
If people buy and there is a constant drop in prices, they are susceptable from NE and problems re-mortgaging
In short, what society should want is rising prices in line with inflation / wage rises.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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