Will the average house price be lower or higher in August 2010?

Graham_Devon

Erm, because as you say, it was original. Rewired3 was made up to be "fair" after moaning about rewired.

Dan:_4

Why is there not a rewired2 ?

System

There's nothing original about bear sockies that thank each other.

ad9898_3

tommy75 wrote: »

It will possibly take until the election next year for things to become alot clearer.

I've been saying this for a while now, what we are seeing now has been brought about by borrowing that can't be sustained.

tommy75 wrote: »

Its going to cost me another 6k in rent to find out though. :mad:

Small beer when you consider some of the drops lately on Rightmove, most of the time it's been between 5k-10k minimum.

nearlynew

Rewired is great though.

StevieJ

ad9898 wrote: »

I've been saying this for a while now, what we are seeing now has been brought about by borrowing that can't be sustained.

.

Another one living on Hope mountain

ad9898_3

StevieJ wrote: »

Another one living on Hope mountain

I think you misunderstand Steve, I don't have to hope for anything (apart from staying healthy and staying in work), although I have a VI in house prices falling, it certainly isn't necessary for my position, most of my posts on here at the moment are about calling a spade a spade... i.e. my position on government borrowing, my disdain for the likes of the Halifax index that produced a massive swing and then back again and then back the other way within 8 weeks etc.... (this was done by the way in the month that it fell)

To give you an example even if prices went back to 2007 prices by 2011-12 (even beyond Hamish's fantasist posts) I could buy the detached property I'm looking for with a 25-30% LTV mortgage, which is not a bad position to be in, in any circumstances.

And here is a smiley face just for you.

nearlynew

ad9898 wrote: »

I think you misunderstand Steve, I don't have to hope for anything (apart from staying healthy and staying in work), although I have a VI in house prices falling, it certainly isn't necessary for my position, most of my posts on here at the moment are about calling a spade a spade... i.e. my position on government borrowing, my disdain for the likes of the Halifax index that produced a massive swing and then back again and then back the other way within 8 weeks etc.... (this was done by the way in the month that it fell)

To give you an example even if prices went back to 2007 prices by 2011-12 (even beyond Hamish's fantasist posts) I could buy the detached property I'm looking for with a 25-30% LTV mortgage, which is not a bad position to be in, in any circumstances.

And here is a smiley face just for you.

When you scratch away the surface of a HPI cheerleader, what you actually find is a debt junky.

There is no other explaination. Tell me why anyone would want to see the price of their house or one they are thinking of buying double in 10 years.

Because they think debt is wealth and the more they can borrow the wealthier they are.

Does having a larger mortgage make you richer? No. That makes you poorer.

Does having equity make you richer? Not if you "release it". That makes you poorer.

But that's what they want to do. Borrow against the value of their house to fund a lifestyle they could not otherwise afford.

So there it is. HPI cheerleaders are addicted to debt and HPI is their only hope.

Remember : debt is not wealth.

JonnyBravo

nearlynew wrote: »

When you scratch away the surface of a HPI cheerleader, what you actually find is a debt junky.

There is no other explaination. Tell me why anyone would want to see the price of their house or one they are thinking of buying double in 10 years.

Because they think debt is wealth and the more they can borrow the wealthier they are.

Does having a larger mortgage make you richer? No. That makes you poorer.

Does having equity make you richer? Not if you "release it". That makes you poorer.

But that's what they want to do. Borrow against the value of their house to fund a lifestyle they could not otherwise afford.

So there it is. HPI cheerleaders are addicted to debt and HPI is their only hope.

Remember : debt is not wealth.

Great.

Thanks for the lesson.

Very valuable.

ad9898_3

nearlynew wrote: »

When you scratch away the surface of a HPI cheerleader, what you actually find is a debt junky.

There is no other explaination. Tell me why anyone would want to see the price of their house or one they are thinking of buying double in 10 years.

Because they think debt is wealth and the more they can borrow the wealthier they are.

Does having a larger mortgage make you richer? No. That makes you poorer.

Does having equity make you richer? Not if you "release it". That makes you poorer.

But that's what they want to do. Borrow against the value of their house to fund a lifestyle they could not otherwise afford.

So there it is. HPI cheerleaders are addicted to debt and HPI is their only hope.

Remember : debt is not wealth.

I like the cut of your jib, an excellent post, excellently put.