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

brit1234

Dan: wrote: »

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

I can't help that we have lunatics in charge of the BOE. All going well till they cut interest rates to 0.5%, which just delays the problem past christmas. :mad:

We are still have 50%+ falls from peak, but its just gone slow time for a while.

Cleaver

brit1234 wrote: »

I can't help that we have lunatics in charge of the BOE. All going well till they cut interest rates to 0.5%, which just delays the problem past christmas. :mad:

We are still have 50%+ falls from peak, but its just gone slow time for a while.

You've seen that the authorities will do pretty much anything to stop this happpening and that the general public's appetite to buy houses seems no sign of even dampening in the slightest. In the face of this you still think we'll see a 50% fall from the peak in 2007?

brit1234

Badger2000 wrote: »

How long do you think it will take?

All the homebuy funding will be gone this year and the Govt can't afford to keep it going.

I reckon big falls in mid 2010 with a small fall this year amd small rise in spring.

People have to remember all this debt is still there and huge right offs when rates go up.

Inflation is the big unknown and key to how this will turn out.

chucknorris

brit1234 wrote: »

We are still have 50%+ falls from peak,

Not impossible I agree but less likely than a combined attack of the earth by the cybermen and the daleks, although I conceed if the daleks do attack bungalows may fall by more than 50%, but the upper floors of new build flats might actually rise!

brit1234

Cleaver wrote: »

You've seen that the authorities will do pretty much anything to stop this happpening and that the general public's appetite to buy houses seems no sign of even dampening in the slightest. In the face of this you still think we'll see a 50% fall from the peak in 2007?

Yes, prices went up so much unsustainably for the last decade. A 50% fall will just reflect a return to normal.

Remember sustainable house prices go up with inflation and above that if you add value. Rises above that are unsustaianble, and we have seen them funded by mass fraud and risky lending.

We are simply going to have a correction

Dan:_4

brit1234 wrote: »

I can't help that we have lunatics in charge of the BOE. All going well till they cut interest rates to 0.5%, which just delays the problem past christmas. :mad:

We are still have 50%+ falls from peak, but its just gone slow time for a while.

Brit, give it up mate, 50%+ is simply not going to happen. When interest rates rise it will cool off hpi, but not cause 30% falls.

ess0two

Dan: wrote: »

Brit, give it up mate, 50%+ is simply not going to happen. When interest rates rise it will cool off hpi, but not cause 30% falls.

If Brit is so adamant why does'nt he have 50% falls by xmas for his sig:rolleyes:

GeneHunt_2

Kreator wrote: »

Agree that 20% down from the ridiculous peak pf 2007 is good going, but taking on a lot of debt for 25 years for youngsters when unemployment is still rising and IR's are highly likely to rise from their current base in the medium term.

Why? We all did it in the past. He who dares wins, nothing ventured nothing gained, etc, etc.
Unemployment isn't even that high compared to the 80's and interest rates are much lower.

mewbie_2

Er just to say I also think 50% falls. Mock on.

Really2

Cleaver wrote: »

Blimey, 14 pages?

and Really2 going "yay, brilliant...",

Cant say I have said brilliant up or down TBH.