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

chrishoar

Really2 wrote: »

So why the interest and why are you here?

Because I love to debate, I love politics and economics, this seems like a good place to listen to other people, and to get straght in my own head my own thoughts on the matter.

HAMISH_MCTAVISH

chrishoar wrote: »

Because I love to debate, I love politics and economics, this seems like a good place to listen to other people, and to get straght in my own head my own thoughts on the matter.

That answer gets the official Hamish McTavish stamp of approval.:D

chrishoar

Really2 wrote: »

So why the interest and why are you here?

Do you personaly need house prices to rise?

Really2

chrishoar wrote: »

Because I love to debate, I love politics and economics, this seems like a good place to listen to other people, and to get straght in my own head my own thoughts on the matter.

Same as most of us then.

chrishoar

Really2 wrote: »

Same as most of us then.

Yes, of course

lostinrates

chrishoar wrote: »

Do you personaly need house prices to rise?

Welcome.

Overtime you'll find most of us are reasonably open abut situations.

For me and my husband falling land prices and property prices would be beneficial (we are ftbs). But DH works in corporate law in the City, so for us the economy bombing could also be nasty. We wlk a fine line of want.

We arre hoping to buy property we will never sell, nor hope to recoup the investment we put into it for business and domestic and pleasure purposes: for us, the price after we have bought will be neither here nor there.

Really2

chrishoar wrote: »

Do you personaly need house prices to rise?

No, why would I. the only people who need them to rise are people in NE. Unless they can back pay back debt faster than falls.

But personal circumstances are. Off STR thread.

Really2 wrote: »

OK my buy figures are.
Purchased
27% below peak.
30% deposit
.49 Lifetime tracker (£11K paid in to offset since October)

Dan:_4

Im just trying to work out who chrishoar was before he/she joined yesterday?

Someone who embarrassed himself/herself with a ridiculous prediction I assume?

chrishoar

Really2 wrote: »

No, why would I. the only people who need them to rise are people in NE. Unless they can back pay back debt faster than falls.

I think many people since the start of this decade and the relentless increase in house prices have got used to the "wealth" that has given them. That is going to be a hard nut to crack, and explains the standoff we are witnessing now. I know its a cliche but it is a period of denial. As I said in my previous posts for a market to function correctly there must be new entrants as others leave, in other words first time buyers. There is no free market atm, the market is propped up by indirect state aid and false sentiment. This point can't be overlooked and coupled with the evaporation of the wholesale money markets will eventually correct itself in a downward trend over several years.

Statistics are only ever useful on a like for like basis, the situation at the moment is far from normal, therefore the statistics we see are meaningless.

chrishoar

Dan: wrote: »

Im just trying to work out who chrishoar was before he/she joined yesterday?

Someone who embarrassed himself/herself with a ridiculous prediction I assume?

Oh dear, as I said in a previous post, I only found this forum because I read a news article on house prices on this site, saw there was a forum link at the bottom and signed up.