MSE news: Nationwide reports largest house price rise for over two years

abaxas

Kreator wrote: »

Well I've sat and read the entire thread from the point I posted this morning, I wondered why I bothered, it was absolutely terrible. There were some good posts made (Chrishoar, Harry Powell, Generali), but other than that it seemed like a psyhophantic back slapping session, it most reminded me of seeing a group of bullies in the corner of the playground, laughing, sneering at people that didn't fit in, but saying very little, in fact there has been virtually no reasoned comment here at all.

If this is the dizzy heights the board aspires to, I'm really surprised Martin hasn't closed it down, it really has been an awful experience. A couple of posters in particular, and I'll mention no names, should be ashamed of themselves, if they are older than 8 years.

Without being rude or attempting to generate offence, but...

Who cares, this is a discussion forum and people should be allowed to say what they like. If we are bound by real world sensibilities on an internet forum what hope does the UK have for fair and open debate.

The placing of rules to debate is infantile in the extreme. It mearly attempts to force a side of the arguement, ie your "reasoned comments". The world needs extremes and radicals to move things forward, or we might as well give up now.

mewbie_2

Jeez, lot of pages - anyone got a summary?

StevieJ

chrishoar wrote: »

Oh dear, and this is why people are suckered into buying at the moment, you cant base values on such historicaly low transacions.

I will repeat, why are house prices not collapsing surely low transactions = a majority of forced transactions eg divorce, death etc.

abaxas

mewbie wrote: »

Jeez, lot of pages - anyone got a summary?

Yep!

No-one knows and everyone is just spouting their own views.

mewbie_2

abaxas wrote: »

Yep!

No-one knows and everyone is just spouting their own views.

Plenty of nastiness about I'm guessing?

StevieJ

abaxas wrote: »

Wrong!

The Nationwide index has nothing to do with home values, it an index of the mortgages they approve.

The belief that the index has anything to do with the value of homes is absurd, in truth it's a guide in the bubble of their lending critera.

.

Why would they want to give increasing value mortgages if they think that house prices are about to collapse?

StevieJ

Kreator wrote: »

Without the forced sellers there can be no price falls, as prices are set at the margins. This to me seems why we are seeing lots of economic bad news everyday, yet house prices are rising. It's unsustainable and likely to make things worse in the long run.

Have you got a different news supply than me :eek:

abaxas

Kreator wrote: »

No offense take mate.

Ta,

Just nowt like HPI/HPC to get the offensive juices flowing!

abaxas

StevieJ wrote: »

Have you got a different news supply than me :eek:

Gordon Brown has returned, that should guarentee lots of bad news!

brit1234

StevieJ wrote: »

I will repeat, why are house prices not collapsing surely low transactions = a majority of forced transactions eg divorce, death etc.

I think a lot of the forced sells go to auction and thus don't come up on these fugures, despite falling the last few months.

I think a lot of it has the combination of little property on the market with parents funding the deposit and the other 100% mortgages with homebuy schemes.

Homebuy funding is almost gone now every where and I don't believe there is a everlasting que of parents with huge cash deposits out there. There will be a change down, its just taking longer than I thought.