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

shakerbaby

Dan: wrote: »

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

If only smilies could save you from the inevitable, eh? :j

Dan:_4

shakerbaby wrote: »

If only smilies could save you from the inevitable, eh? :j

It's not me that needs saving mate. :beer:

LauraW10

Kreator wrote: »

I'm quite interested to see where IR's go over the next few years, when the global recession ends we are likely to start importing quite a lot of cost push inflation in the form of higher energy costs (oil & gas) because our growing dependency on foreign energy. This is the part that the government have no control over. Remember RPI was over 5% when house prices had stalled at or near their peak and oil was at $147.

We have a very weak global economy at the moment yet oil is over $70, when this figure surges as it surely will when demand ramps up, the inflation figures will make interesting reading. 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.

This by the way is inflation without wage inflation, and that along with higher IR's could prove devestating for the over leveraged.

How true. High oil prices will be the undoing of everything:o.

shakerbaby

Cleaver wrote: »

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



Making quotes up copyright © mewbie, 2008 - 2009. All rights reserved. ®

Obviously didn't realise which sockies he was wearing that day. :rotfl:

shakerbaby

Dan: wrote: »

It's not me that needs saving mate. :beer:

Yup saving and waiting in this long game. :beer: One thing I aint is over-exposed.

Cleaver

shakerbaby wrote: »

If only smilies could save you from the inevitable, eh? :j

Dan: wrote: »

It's not me that needs saving mate. :beer:

This is quite the intellectual sparring. Which one of you has a Dad that could beat up the other one's Dad?

Dan:_4

shakerbaby wrote: »

Yup saving and waiting in this long game. :beer: One thing I aint is over-exposed.

Waiting for what?


:j

mewbie_2

Dan: wrote: »

Waiting for what?

:j

That's for me to know and you to find out.

Mewbie joining in, very carefully, so as not to get reported and ppr'd. Although I don't think the reporter who got Ad barred is currently logged in.

PaulW1965

DaddyBear wrote: »

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.

Or the house price crash bottoming means

• the banks don't lose tons of money as a result of people defaulting on loans
• the banks become profitable and the tax payer gets his money back
• the banks can then get back to the business of lending businesses & people money thus creating jobs
• Tax can been raised from the buying and selling of houses to support the public sector - hospitals, schools, emergency services providing vital services and keep people in work
• Vat can be put up again
• Businesses make a profit and they can pay employee people and pay tax

mewbie_2

PaulW1965 wrote: »

Or the house price crash bottoming means

• the banks don't lose tons of money as a result of people defaulting on loans
• the banks become profitable and the tax payer gets his money back
• the banks can then get back to the business of lending businesses & people money thus creating jobs
• Tax can been raised from the buying and selling of houses to support the public sector - hospitals, schools, emergency services providing vital services and keep people in work
• Vat can be put up again
• Businesses make a profit and they can pay employee people and pay tax

Sounds great. In tomorrow's good news posts - oil, gas and electric are up.