House Price Boom Starts Again.......

HousingBear

StevieJ wrote: »

That is as maybe but the article said they were forecasting 400k.

So if they are forecasting 400,000 and the figures at the end of Q1 were already 399,000, then it sounds like the forecast is already too low.

chucky

Graham_Devon wrote: »

What we can expect is a hell of a lot more when interest rates go up.

It's increasing at a fair pace now, with base rates at 0.5%, and mortgage rates pretty low too (hence we keep getting told to buy now while mortgage rates are low).

and don't forget getting a cheap house too - at least 25% off peak.

why would you take out a cheap mortgage now and then pay more than you should for a house? it doesn't make sense.

ruggedtoast

God, this silly little country and its obsession with property related get rich quick schemes. I honestly cant imagine a headline like that appearing anywhere else I've lived.

I seriously believe that t he expression theres one born every minute is too optimistic to describe British peoples understanding of economics.

HAMISH_MCTAVISH

HousingBear wrote: »

Food prices rise 1.2% a month. Petrol rises 1.2% a month. Car prices rise 1.2% a month. Would that be "good news"?

Oh dear, not that tired old bear meme again. You should really try to think of something original instead of the same old discredited tripe.

Houses are an asset. Sure, they also have utility value, like some other asset classes, but fundamentally they are an asset.

If you wish to buy a means of shelter that acts like any other mass produced consumer good, ie, it depreciates, then they are also readily available.

I suggest you try here........

http://caravansearcher.co.uk/caravans/latest/special-offers.html?gclid=CP7LyqHBj5wCFU0B4wodvnWYXg

ad9898_3

HAMISH_MCTAVISH wrote: »

Oh dear, not that tired old bear meme again. You should really try to think of something original instead of the same old discredited tripe.

Houses are an asset. Sure, they also have utility value, like some other asset classes, but fundamentally they are an asset.

If you wish to buy a means of shelter that acts like any other mass produced consumer good, ie, it depreciates, then they are also readily available.

I suggest you try here........

http://caravansearcher.co.uk/caravans/latest/special-offers.html?gclid=CP7LyqHBj5wCFU0B4wodvnWYXg

Will you still be here with your apparent smugness when prices start to fall again in the winter ? By the way, like I say you're quite smug at the moment, what were you like in the last 6 months of last year ? Were you on HPC then or did you turn up when Halifax posted a rise in January.......... just asking.

ad9898_3

ad9898 wrote: »

Will you still be here with your apparent smugness when prices start to fall again in the winter ? By the way, like I say you're quite smug at the moment, what were you like in the last 6 months of last year ? Were you on HPC then or did you turn up when Halifax posted a rise in January.......... just asking.

Just checked, you didn't join until December so probably spent most of the autumn/winter sh*tting yourself.

Cleaver

HAMISH_MCTAVISH wrote: »

Houses are an asset. Sure, they also have utility value, like some other asset classes, but fundamentally they are an asset.

That's a strange way of looking at it. I would say:

Houses are a place to live. Sure, they could also been seen as being an asset, but fundamentally they are somewhere to live.

Cleaver

HousingBear wrote: »

Food prices rise 1.2% a month. Petrol rises 1.2% a month. Car prices rise 1.2% a month. Would that be "good news"?

I guess it is for people who make / produce / sell food, petrol and cars.

And whilst I see your point, a lot of people own houses, so they see an up value as good news and a downward trend as bad news. Right or wrong, surely that's obvious and you can see why the general public tend to think along the 'house price rise = good' lines?

HAMISH_MCTAVISH

ad9898 wrote: »

Will you still be here with your apparent smugness when prices start to fall again in the winter ? By the way, like I say you're quite smug at the moment, what were you like in the last 6 months of last year ? Were you on HPC then or did you turn up when Halifax posted a rise in January.......... just asking.

Given that I have been predicting falls next winter consistently for many months now, then yes I would say it is guaranteed I will still be here.

As for being smug, I have every right to be.

I was on hpc from December, and accurately predicted QE, government interventions, the banking bailout, mortgage funding increases, the spring bounce, the zirp policy, etc etc etc.

At the time, almost every bear in sight denied these things would occur, or claimed they wouldn't work even if they did, and basked in the smugness of "Crash Cruise Speed."

I have now watched those same bears move from denial, to bargaining, through anger and now into depression. Won't be long now before we get to the acceptance stage.;)

ad9898_3

Cleaver wrote: »

That's a strange way of looking at it. I would say:

Houses are a place to live. Sure, they could also been seen as being an asset, but fundamentally they are somewhere to live.

I wouldn't bother Cleaver, he has no argument and even less wit........ he's one of those guys you see in the pub, you know the one that's still laughing at a joke 10 minutes after everyone else stopped.... he's the embarrassing guy that walks in when you and all mates whisper ' oh no it's him, as he seen us.....s*it....... Oh Hi Hamish, How Are You '....... you know the type don't ya.;)