MSE news: House prices rise marginally, says Land Registry

ess0two

Dan: wrote: »

These figures are manipulated.

And its a fact also:rolleyes:

IveSeenTheLight

As this news goes out, I wonder what impact it will have to sentiment.

ruggedtoast

IveSeenTheLight wrote: »

As this news goes out, I wonder what impact it will have to sentiment.

People who dont need to sell will hold out for asking price.

People who dont need to buy will hold out for more falls.

Everyone else stuck inbetween doesnt get a choice.

chucky

ruggedtoast wrote: »

People who dont need to sell will hold out for asking price.

People who dont need to buy will hold out for more falls.

Everyone else stuck inbetween doesnt get a choice.

who do you think there will be more of?

1. People who dont need to sell will hold out for asking price.
2. People who dont need to buy will hold out for more falls.
3. Everyone else stuck inbetween doesnt get a choice - which is those that need to buy

ruggedtoast

chucky wrote: »

who do you think there will be more of?

1. People who dont need to sell will hold out for asking price.
2. People who dont need to buy will hold out for more falls.
3. Everyone else stuck inbetween doesnt get a choice - which is those that need to buy

Logic would dictate that as unemployment rises more people will have to sell, especially as rates start to rise.

Everyone needs somewhere to live but currently theres a glut of cheap rental so most of us dont have to buy somewhere.

I'm not saying that renting is ok - I'm tired of it personally.

nearlynew

Dan: wrote: »

These figures are manipulated.

You have learned well Dan.

And I thought you weren't listening.



All government statistics are fiddled.

GSXRCarlos

i've recently bought, and i know it's the right time for me, those looking to make money now are just being selfish.

I'm a first time buyer and all i wanna do is get out of my parents house (i'm 25)

But this mixed information is gonna give people the jitters all over again

chucky

ruggedtoast wrote: »

Logic would dictate that as unemployment rises more people will have to sell, especially as rates start to rise.

Everyone needs somewhere to live but currently theres a glut of cheap rental so most of us dont have to buy somewhere.

I'm not saying that renting is ok - I'm tired of it personally.

unemployment rising to 3 million and rates rising may be a year apart according to many. my view is that unemployment will affect some areas worse than others - it won't just affect home owners; if it does they may have savings and redundancy payments to back them up so will not probably need to sell. some will - the question is how many.

i don't see it as a major factor but it is an important one.

ruggedtoast wrote: »

Everyone needs somewhere to live but currently theres a glut of cheap rental so most of us dont have to buy somewhere.

I'm not saying that renting is ok - I'm tired of it personally.

from my understanding as have not looked at rentals for a bit is that rents have flattend out in London from the drops late 2008/early 2009. there is still a lot of property on the market but not as many as then.

inevitabley people will get tired of renting and take the plunge to buy.
others will be forced to buy or move due to the usual reasons.
the question is how many can and will.

Dan:_4

ruggedtoast wrote: »

Logic would dictate that as unemployment rises more people will have to sell, especially as rates start to rise.

Contrary to popular believe among the bears, this will not necessary cause house prices to significantly fall.

ruggedtoast wrote: »

I'm not saying that renting is ok - I'm tired of it personally.

Renting sucks - and everyone knows it.

Thrugelmir

nearlynew wrote: »

You have learned well Dan.

And I thought you weren't listening.



All government statistics are fiddled.

Unfortunately not. There are penalties for filing incorrect statistical returns to both the ONS and Customs & Excise. I would imagine conveyancing solicitors would incur the same.