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Debate House Prices


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It's official: House prices are rising - bbc news

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Comments

  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    More bu11sh1t from the pc Beeb.
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
  • Thermidor
    Thermidor Posts: 269 Forumite
    They're merely reporting a FACT: something you don't appear to want to accept. Sometimes in life one has to face up to reality, and the FACT is that house prices are RISING once again! And have been for most of this year................................................
  • Pobby
    Pobby Posts: 5,438 Forumite
    Thermidor wrote: »
    They're merely reporting a FACT: something you don't appear to want to accept. Sometimes in life one has to face up to reality, and the FACT is that house prices are RISING once again! And have been for most of this year................................................

    Yea right. So we have " normal " BOE base rates of .5%, the lowest what for about a million years. Most people my age, old, would have " enjoyed " base rates of around 8% historically.

    Will base rates ever come back to the long term average? Not altogether sure. However, with the BOE pumping money into the economy, I suspect that we will see inflationary pressure over the the next few years. Fine mess they got us into.
  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    edited 6 August 2009 at 12:10AM
    Thermidor wrote: »
    They're merely reporting a FACT: something you don't appear to want to accept. Sometimes in life one has to face up to reality, and the FACT is that house prices are RISING once again! And have been for most of this year................................................
    Utter NONSENSE. :rotfl:NOT RISING, JUST NOT DROPPING AS FAST AS THEY WOULD HAD STOCKS NOT BEEN SO LOW. (SEE MY OTHER POSTS WHY AS i AM BORED WITH SPEWING THE SAME OLD SAME OLD. IT'S NOT ROCKET SCIENCE.
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
  • dfh
    dfh Posts: 1,073 Forumite
    Yes-the rate of house price decline is slowing.prices are not increasing.sometimes, i fear for the future of this country with the kind of rubbish that is posted on these forums.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    dfh wrote: »
    Yes-the rate of house price decline is slowing.prices are not increasing.sometimes, i fear for the future of this country with the kind of rubbish that is posted on these forums.

    Could you explain that to us mere mortals who think that house prices have increased by around 1.1% in 2009 (according to the NW).
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Lotus-eater
    Lotus-eater Posts: 10,789 Forumite
    10,000 Posts Combo Breaker
    Dammit, I had a bet with someone that prices would be lower in a years time, that was in early June. He thought they would be higher.
    I still think he is disillusionable (good word, although not sure it really exists), but maybe it's me. :D
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • dfh
    dfh Posts: 1,073 Forumite
    So back to the crazy house price inflation with people overstretching themselves and signing on to a lifetime of debt.What a sorry mess this govt has dragged us into.
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