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

Dan:_4

brit1234 wrote: »

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.

I love the new signature brit, good to admit you were wrong dude!

Cleaver

brit1234 wrote: »

Low Interest Rates Extending the crash

House Prices down Both Rightmove & Auctions last 2 months:eek:

I can ignore the world's best economists, turn a deaf ear to financial articles and happily brush aside the witterings of journalists. But when Brit changes his '50% drops by Christmas' signature you know something serious is brewing. Ye Gods.

StevieJ

Cleaver wrote: »

I can ignore the world's best economists, turn a deaf ear to financial articles and happily brush aside the witterings of journalists. But when Brit changes his '50% drops by Christmas' signature you know something serious is brewing. Ye Gods.

Interesting that Rightmove index makes a move from the totally irrelevant discard bin

mewbie_2

Now, now guys. You know that interest rates at .5% could not have been predicted by anyone. Valuable breathing space granted.

Dan:_4

mewbie wrote: »

Now, now guys. You know that interest rates at .5% could not have been predicted by anyone. Valuable breathing space granted.

Really2 predicted it.

mewbie_2

Dan: wrote: »

Really2 predicted it.

Seriously? Did he predict when they were .75%?

Turnbull2000

Spiv wrote: »

Really? So you'd rather we had mass unemployment and no economic activity so that the few who have a job can buy them nice and cheaply?

Christ, it really is a love in between you four when such a nonsensical reply gets three 'thanks'.

I don't believe we had mass unemployment in 2000 prior to HPI taking off. In fact, economic conditions were quite excellent compared to what we've witnessed since your beloved inflation took hold. All we've had is record household debt, war time levels of public debt, an insolvent banking system and ruined pensions. Yeah, those rising house prices really served us great in the end didn't they :rolleyes:

abaxas

Turnbull2000 wrote: »

Christ, it really is a love in between your four when such a nonsensical reply gets three 'thanks'.

I don't believe we had mass unemployment in 2000 prior to HPI took off. In fact, economic conditions were quite excellent compared to what we've witnessed since your beloved house price inflation took hold. All we've had since is record household debt, war time levels of public debt, an insolvent banking system and ruined pensions. Yeah, those rising house prices really served us great in the end didn't they :rolleyes:

It started in America :rotfl:

Didnt it?

Dan:_4

Turnbull2000 wrote: »

Christ, it really is a love in between you four when such a nonsensical reply gets three 'thanks'.

I don't believe we had mass unemployment in 2000 prior to HPI taking off. In fact, economic conditions were quite excellent compared to what we've witnessed since your beloved inflation took hold. All we've had is record household debt, war time levels of public debt, an insolvent banking system and ruined pensions. Yeah, those rising house prices really served us great in the end didn't they :rolleyes:

Leave it out turnbull, who are you trying to convince?

House prices down 20% from peak, it's better then any FTBer could have wished for.

Turnbull2000

Dan: wrote: »

Leave it out turnbull, who are you trying to convince?

House prices down 20% from peak, it's better then any FTBer could have wished for.

So is my post right or wrong? Did we come out of the soaring house prices with better or worse economic conditions and unemployment than before it started. Spiv clearly believes otherwise.