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

Dan:_4

shakerbaby wrote: »

Durrr who said they wouldn't have limits? :rolleyes: Fact is renting my city centre pad is massively cheaper than the mortgage. Hence I am happy waiting and saving. :rotfl:

I have a horrible feeling that your be renting forever

HAMISH_MCTAVISH

Dan: wrote: »

I have a horrible feeling that your be renting forever

You only just figured that out?:eek:

casper_uk

I wonder if these rises we have seen in the past few months have been seasonable adjusted? Maybe they have thrown a + figure to these months in an effort to increase confidence? If that's the case i would expect big falls over the winter months as the figures balance them self out.

I still see it as a ticking time bomb, the UK just can't keep rolling over and creating all this debt but people don't seem to understand and care. Still, as long as house prices are reported as going up every month nobody seems to give a hoot

Dan:_4

casper_uk wrote: »

I wonder if these rises we have seen in the past few months have been seasonable adjusted? Maybe they have thrown a + figure to these months in an effort to increase confidence? If that's the case i would expect big falls over the winter months as the figures balance them self out.

I still see it as a ticking time bomb, the UK just can't keep rolling over and creating all this debt but people don't seem to understand and care. Still, as long as house prices are reported as going up every month nobody seems to give a hoot

Today's figure's were seasonally adjusted. The real rise was +0.8%

DaddyBear

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

Ah, how could I forget, without HPI we have no economy. Thank god it's sustainable, otherwise we would be screwed. I don't know why other countries bother producing goods. Don't they know you can run an economy by selling the same thing to eachother at an ever increasing price.

chrishoar

julieq wrote: »

Why on earth would there be a glut of buy to let houses coming onto the market when yields and occupancy rates are fine? The one way to crystallise a capital loss is to take it, you don't do that by selling when you don't need to, and especially not if prices look like stabilising, which frankly they are by every measure.

This is all straight out of the book of the cult of house price crash really. It's like arguing with Jehovah's witnesses sometimes, you state a contrary position, one of them reels off the standard response in one breathless paragraph as if it's the only possible thing to believe, and they stand on your doorstep agreeing with each other.

Its late but I have to answer this because I dont think I am being very clear and Im bored, ill spell out as simply as I can.

Many buy to let landlords are not professional, they are ordinary people that believed property is the best form of investment. Some took on mortgages that were in excess of the properties value, but the yield from rent and the seemingly endless rise in the value of houses let them feel safe in that risk.

Unfortunately with the forced deleveraging of the banks, the shrinking of the wholesale money market (which is key to all of this) and the subsequent recession we are about to witness the full impact of the credit crunch on people, not on statistics or the detatched economy, but people, you and me and your family and neighbours. This always lags any contraction in an economy, in fact you will have an economy that is growing but at the same time has rising unemployment. They are of course intrinsicly linked, but they do not, as many people think, follow the same time line.

When this happens, when tenants are unable to afford the rent that is governed by the debt the landlord is in, when the landlord loses his/her job, the only way out is to sell up or be reposessed.

You say you dont sell unless you need to, I agree, but many will have to.

shakerbaby

Dan: wrote: »

I have a horrible feeling that your be renting forever

I don't. :beer:

mewbie_2

Kreator wrote: »

There could be several culprits, however having done some extensive research, over the past 3 weeks one name stands out quite clearly, like I say though, it's not obvious. It took some digging because even though this poster is on the opposite side of the argument I classed him/her as somebody who wouldn't knife someone in the back just because they didn't agree with you.

There name is.......................;) that would be telling, but when that person reads this post, as they surely will, I'd just like to say I know who you are and you are a sad pathetic cretin.

Yeah, I'll quote it and say it as well - in case they go running to the mods again. They can't delete everybody just for one poster - can they?

Spiv_2

DaddyBear wrote: »

Ah, how could I forget, without HPI we have no economy. Thank god it's sustainable, otherwise we would be screwed. I don't know why other countries bother producing goods. Don't they know you can run an economy by selling the same thing to eachother at an ever increasing price.

As a previous poster said it's like arguing with a brain washed Jehovah's Witness trying to argue with anyone who has frequented HPC forums for any period of time. I've heard all your (as in you and other HPCers) arguments with interest. In the end, the proof of the robustness of those arguments is in the outcome - and at the moment it looks like you have it wrong. HPCers said HPs would continue to fall and they haven't. If you are wrong on that, don't you have the vaguest suspicion that you might be wrong in other areas of your thinking?

If you are wrong in your logic, the next question is, how much is that error going to cost you?

Really2

mewbie wrote: »

Yeah, I'll quote it and say it as well - in case they go running to the mods again. They can't delete everybody just for one poster - can they?

Well I can clear up why some of yours have been deleted Mewbie. That is because you were being an aggressive, insulting @ss of a poster to me for the last week or so. For no reason! So sorry if you did not like it but I surgest you think back to what you were writing and why. (Or perhaps give me a hint to why you went off on one.)
So Instead of put up with it, I put them down as abuse as you would not stop. (there was no need for it and I made it quiet clear)
Thankfully you now seemed to have stopped.

But I have no idea why Ad has gone because as far as I can tell he was never been insulting to anyone (he had a few rants but they were general and never aimed at anyone)

I used to like to debate with AD and dopester (who is still here but seems to be semi retired:)).
They were two of the only bears who would have a reasoned debate and listen to what you had to say without any name calling