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

Really2

mewbie wrote: »

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

To be pedantic they went from 1% to 0.5% not from 0.75%.

I never really predicted it but did a few links going back to last October predicting how far rates could go.
I thought the articles had some weight. Eg my mortgage.

ess0two

mewbie wrote: »

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

Every village has one:rotfl:

Really2

Kreator wrote: »

Just to add to the mix QE is an unknown as to its effects in the medium term, but again its likely to be positive for inflation.

I believe cash can be removed as fast it is created by the BOE.

DaddyBear

Wow, a lot of gloating and back-slapping today. Anyone would think this is good news???

Take for example the poor soles who just passed their GCSE's. 1.6% is about 20% annualised, so when they reach 30 the average house price at this rate will be over £2 million pounds.
With the UK probably still in a deflationary spiral (think Japan), with high unemployment, and high taxes, having still not paid for the bank bailouts, how realistic is this??

So either.....
1. We return to Victorian times with the super rich owning all the houses and everyone else in work houses.
2. This is unsustainable and another crash is coming.

This country is eating its own tail and yet many celebrate it and are quite happy to let it continue. I really dont mind which of the above options happens, to be honest the first one sounds quite appealing. The UK is fooked anyway and I'm almost certainly heading out before the pound is toilet paper, so it would be poetic justice to leave the perpetrators lording it in their third world country.

DaddyBear

Badger2000 wrote: »

I'm in that position but I have no choice. I have to get a mortgage and have no choice otherwise I continue to pay rent. What otherwise do you suggest? If I wait, I might miss out on the opportunities that might come out over the next few months.

If you think opportunity is paying £160k for a tiny house in a crap area then go for it. I'll continue to rent my lovely country cottage thankyou very much.

mewbie_2

Badger2000 wrote: »

If I wait, I might miss out on the opportunities that might come out over the next few months.

Doesn't make any sense. Try repeating it slowly, and thinking. You are implying it's best not to wait for any forthcoming opportunities. I guess you are in the bull camp - lol.

shakerbaby

Haha anyone who thinks this rise is the reflection of a healthy housing market is very very sadly deluded and more than likely simply a very over-leveraged VI bull. :T 0.5% IR and QE still pumping; of course everything is fine and dandy. :rotfl: This is 'return to norm' on the graph. Next, steeper, leg down is already in the pipeline. :beer:

Dan:_4

shakerbaby wrote: »

Haha anyone who thinks this rise is the reflection of a healthy housing market is very very sadly deluded and more than likely simply a very over-leveraged VI bull. :T 0.5% IR and QE still pumping; of course everything is fine and dandy. :rotfl: This is 'return to norm' on the graph. Next, steeper, leg down is already in the pipeline. :beer:

:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

HAMISH_MCTAVISH

shakerbaby wrote: »

This is 'return to mean' on the graph. Next, steeper, leg up is already in the pipeline. :beer:

Fixed that for you.:beer:

Cleaver

Really2 wrote: »

Cant say I have said brilliant up or down TBH.

I just want to quote a previous post from you Really:

Really2 wrote: »

Prices have gone up 1.6%? That's brilliant! Yay!

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