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Debate House Prices
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MSE news: Nationwide reports largest house price rise for over two years
Comments
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Even nationwide advise caution at their own figures...
… but rates are unlikely to stay this low forever
“While low interest rates have clearly played a part in reversing the downward pressure on house prices, they
are unlikely to stay at the current level forever. It is important to keep this in mind when interpreting recent
price trends.
“If the various monetary and fiscal stimulus measures that have been introduced over the last year are
successful in reviving growth on a sustained basis, then inflationary pressures will eventually re-emerge and
necessitate an increase in interest rates to more normal levels. When this happens, it will probably have the
effect of releasing additional supply back onto the market and dampening the recent rise in buyer interest.
Under such conditions, the strong price increases of recent months would become difficult to sustain. At the
moment, a rise in interest rates is probably still some way off. However, the eventual exit from exceptionally
loose monetary policy could make the recovery in the housing market bumpier than some might expect after
the last few months of price increases.”It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
the Nationwide index has house prices at Feb/Mar 2006.
I still see a very few houses for sale in Chester, well apart from those flats.'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 Thatcher0 -
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
'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 Thatcher0
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What is HPC? Am I being thick?
My basic point is we are at a standoff, there is no point looking at figures that are meaningless, figures that bare no like for like comparison to previous years...
Every time figures are released from building societies / estate agents etc etc they have a vested interest in spinning those figures....There are lies, damn lies and statistics, the thing is it’s so easy to see through them because they have to give some begrudging cautionary comment so they don't lose all credibility0 -
Ah ok, cool0
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What is HPC? Am I being thick?
My basic point is we are at a standoff, there is no point looking at figures that are meaningless, figures that bare no like for like comparison to previous years...
Every time figures are released from building societies / estate agents etc etc they have a vested interest in spinning those figures....There are lies, damn lies and statistics, the thing is it’s so easy to see through them because they have to give some begrudging cautionary comment so they don't lose all credibility
maybe but when they were going down there were many that were ecstatic, frothing at the mouth and rubbing their hands with glee... but they never said that were being fixed or manipulated... :rolleyes:
did you hear that according to the nationwide house prices have gone up 8.5% since February?0 -
What is HPC? Am I being thick?
My basic point is we are at a standoff, there is no point looking at figures that are meaningless, figures that bare no like for like comparison to previous years...
Every time figures are released from building societies / estate agents etc etc they have a vested interest in spinning those figures....There are lies, damn lies and statistics, the thing is it’s so easy to see through them because they have to give some begrudging cautionary comment so they don't lose all credibility
OK call me naive
but I will believe you (I know a sucker born every minute)
You might enjoy reading this board when you have a moment.
http://www.housepricecrash.co.uk/'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 Thatcher0
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