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Debate House Prices
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MSE news: Nationwide reports largest house price rise for over two years
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kinda surprised at reaction to these figures (from all sides).
stagnating prices would be stronger evidence for a bull case than rises of this magnitude imoPrefer girls to money0 -
Were back to boom level increases, in a recession.
Were back to everything that caused the recession in the first place.
Fantastic....back to "normal" then.0 -
Graham_Devon wrote: »Were back to boom level increases, in a recession.
Were back to everything that caused the recession in the first place.
Fantastic....back to "normal" then.
At least it will get you out of NE mate.0 -
Ummm ... no
We are coming out of the recession. Property prices overshot too low, and are now reverting to a more appropriate level.0 -
Graham_Devon wrote: »Were back to boom level increases, in a recession.
Were back to everything that caused the recession in the first place.
Fantastic....back to "normal" then.
could give you a chance to dump your flat?Prefer girls to money0 -
nollag2006 wrote: »Ummm ... no
We are coming out of the recession. Property prices overshot too low, and are now reverting to a more appropriate level.
Pretty obvious really. We did briefly drop below mean, and have now reverted back above it.
Should be pretty noisy over the next couple of years though as we "bump along the bottom", although within an upwards trend now at least.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Why is there so much wishful thinking on this forum? It fascinates me how people take statistics, even meaningless ones (as these are with such a low level of transactional activity) and convince themselves that everything is now rosy for those hoping for rises. I’d be really interested to understand some of your personal circumstances to try to fit it into a context. For me it doesn’t matter if house prices rise or fall.0
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the_ash_and_the_oak wrote: »kinda surprised at reaction to these figures (from all sides).
stagnating prices would be stronger evidence for a bull case than rises of this magnitude imo
there's a couple of more little hurdles for this baby to overcome... mortgage availabilty will determine if the trend continues... Septembers unemployment numbers will be interesting...0 -
the_ash_and_the_oak wrote: »could give you a chance to dump your flat?
True, it could.
I suppose having a flat in the first place would kinda help with the dumping part though.0
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