Nationwide "Real" House Price Index rose 1.6% in June

HAMISH_MCTAVISH

DaddyBear wrote: »

Not to worry. Aberdeen is within a microclimate that is immune to house price drops.

:rolleyes:

Hmmmm, I notice the post count and site traffic on HPC has declined noticably since the bulls left. Is that why you perma-bears are trolling over here now? Or did you just miss us?:D

DaddyBear

HAMISH_MCTAVISH wrote: »

:rolleyes:

Hmmmm, I notice the post count and site traffic on HPC has declined noticably since the bulls left. Is that why you perma-bears are trolling over here now? Or did you just miss us?:D

Ahhhh. You still longingly checking out HPC? Just like spying on an ex-girlfriend after being dumped.

stuartm1

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.

What about young couples who want to start a family but can't afford to upgrade so they decide not to have kids or all sleep in the same room - is that good socially for the future of this country?

If future generations have to work even more unsociable hours just to keep a roof over their head and thus having no quality family time - is that good for the country?

Granted I am only mentioning FTB's and young couples with their foot on the first wrung of the ladder, but these people are the future of this country and we should want the best for our kids. If these people can't get a realistic chance then I fear the social & financial deprivation of this country will only worsen for future generations.

Rising prices are only good for people who see a house as a money making scheme - a house is just a roof over your head and people shouldn't have to be forced over the odds into high risk debt just to have somewhere to live.

HAMISH_MCTAVISH

DaddyBear wrote: »

Ahhhh. You still longingly checking out HPC? Just like spying on an ex-girlfriend after being dumped.

:rotfl:

Must keep an eye on the opposition...... The desperation of bears is a sure sign the markets picking up.;)

System

Hamish you seem to have brought about 10 friends over with you.

baileysbattlebus

One thing is fairly certain with the type of planning regulations we have in the UK, the long term projections for house prices would only be upwards. When you limit supply - prices in the long term have only one way to go.

If you look at anywhere that has tight or prescriptive planning laws you have cycles of boom and bust in the housing market, the UK, California, Florida, Nevada, New Zealand and I think Australia. They have all seen huge price increases in housing, the boom, and they are now seeing the bust. Ourselves, New Zealand -been falling for a year or so, Australia and those states in the US notably California, Florida and Nevada.

If you look at the rest of the US - yes they have seen prices falls - but they have been small - much like the price increases were. Most of the US has seen little in the way HPI over the years. Each state has it's own planning regulations.

IMHO, unless we change our planning regulations, get ird of the "not in my back yard" syndrome, move towards more discretionary planning, and allow the building of new property to effectively dampen any serious HPI, it will happen again and again.

IMO, ofcourse.

ad9898_3

HAMISH_MCTAVISH wrote: »

:rotfl:

Must keep an eye on the opposition...... The desperation of bears is a sure sign the markets picking up.;)

Just what is the point of this post, apart from baiting ?, I don't don't see any desperate bears, or bulls for that matter. Just folk having a discussion and putting different points of view across. If you you put your points across decently and stop sticking the bird at people you might be taken seriously, this post doesn't help your cause. You bought a house at the peak of the market, get over it.

IveSeenTheLight

nearlynew wrote: »

No, nor do I.

And even though I own another house which I have rented out since 1988, I still want prices to fall.

If you say so :rolleyes:

Back to the question about demand in your area.
What do you think of the fact that you managed to sell your inherited property within at most 6 weeks from being marketed?
how long did it take to sell from going on the market?

HAMISH_MCTAVISH

ad9898 wrote: »

Just what is the point of this post, apart from baiting ?, I don't don't see any desperate bears, or bulls for that matter. Just folk having a discussion and putting different points of view across. If you you put your points across decently and stop sticking the bird at people you might be taken seriously,

Well you started out well enough for an uber-bear..... Although without noting that my post was a direct response to a post that served no purpose other than to bait. I'll give as good as I get every time.

this post doesn't help your cause. You bought a house at the peak of the market, get over it.

And then you got to this bit. Couldn't help yourself, could you?

If you weren't desperate, you wouldn't feel the need to try and shape the narrative by assigning (erroneous) motive, or by disparaging positive posters. It's like a broken record with you lot.

The crash is nowhere near as bad as you thought it would be, prices will recover earlier and not fall as far. Just get over it.

You've had a 17% average fall from peak, although much less for quality houses in nice areas, but more for an inner city newbuild. And you may yet see another few percent off. Thats more than enough, so why complain? Why the panic when prices rise? You've got your once in a generation buying opportunity, so why moan about it?:cool:

ad9898_3

HAMISH_MCTAVISH wrote: »

If you weren't desperate

Look Hamish, I aren't going to have a slanging match with you but to put some perspective into the situation, as with you being 'new' here, I'll give you the benefit of the doubt, I'm far from desperate, my position is I will be able to buy a 2-3 bed detached house with no more than a 15% LTV mortgage in 3 years time and that is if we get no more drops in the housing market at all over that period, if they drop another 10-15% then I will be able to buy outright, and in my area they have dropped 7% so far this year. And having read some of your posts on HPC, even you don't see rampant HPI in the next few years.

So not really as desperate as you may think.;)