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

Degenerate

halight wrote: »

Im with you dan we have hit the bottem and boused back up.
More falls on the way and it will be a bit up and down month on month for a good couple of years.

I would have said this, but the way things are going I'm beginning to think we could see a quick recovery close to peak levels and the up and down month on month from there.

System

+1.6, that's insane, didn't see that coming.

I'm off to bathe in my new virtua-wealth.

Heyman_2

Crash CANCELLED. :rotfl:

StevieJ

Joeskeppi wrote: »

+1.6, that's insane, didn't see that coming.

I'm off to bathe in my new virtua-wealth.

What was it the STR brigade used to say about the fall in property far outweighing the cost of rent (not to mention those 1% savers rates :eek:) sorry couldn't resist

BACKFRMTHEEDGE

HAMISH_MCTAVISH wrote: »

They were actually too depressed to post this morning for a while. Stunned silence ruled around 7 am.

Half of them are brushing it off with "wait til X-Mas grumpiness", and the other half are trying not to shoot themselves or each other in "bear in despair" postings on the "have we got it wrong" threads.

Can't decide if they're in the denial, fear or anger stages, but nor can they I suspect......:rotfl:

It is absolutely brilliant that all the bulls that were banned have now been so thoroughly vindicated though.

Not that it helps any of the poor FTB's that may have stumbled across the site and lost £13,000 by listening to those muppets in the meantime though. Genuinely sad.

Their arguments had no veracity. Obvious to everyone but them....;)

Group Think is a very dangerous thing. It happens on MSE too, think Savings Board and Icelandic Banks. Sheeple indeed - how very dare you.

halight

Degenerate wrote: »

I would have said this, but the way things are going I'm beginning to think we could see a quick recovery close to peak levels and the up and down month on month from there.

You very well may be right.
Thisrecession is Setting all new rules. Its like nothing that has happend before.
Its getting harder and harder to compere it with any other.
Im not really a bull on house prices. On shares yes im very bullish.
To get back to peak i would have said 2012. But the way things are starting to look yes it may be sooner than we think/or would like?

Bloo_Loo

HAMISH_MCTAVISH wrote: »

On a house price board? I'm sure snip

You only need around 300K of those a year to leverage some equity for junior to sustain FTB's indefinately at todays levels.

snip
:beer:

leveraged equity would show in the lending figures as remortgages. that is way way down

I think we will find FTBs are not a major player in this market...how could they be?

Jonbvn

BACKFRMTHEEDGE wrote: »

It happens on MSE too, think Savings Board and Icelandic Banks.

However, no UK savers lost any money in Icelandic banks?

Furthermore, we're doing very nicely with some of the fixed rate accounts they offered at 7%+;)

SingleSue

chucknorris wrote: »

I predicted 35-40%, but I am very happy to be wrong, I don't think we will see any real recovery for a few years yet and prices may well dip this autumn/winter (but I would be happy to be proved wrong again)

And I thought 15% approx......and I am supposedly a bear!

It was the pound figure that I got stumped on, the numbers seemed too huge to comprehend losing.

I'm still not sure to be honest that it is all over and done with, yes the positives of change is there for all to see in the figures but there just seems so much eekness saved up for the future.

As for bank of mum and dad, my children wouldn't get any favours here (even if I had more than a pot to pee in), my parents didn't bail me out as a youngster (deposits on house, driving lessons, first car etc) and I will certainly insist my children make their own way too..much to eldests annoyance when he was saying about what car I was going to buy him as a first car and discovered my lecture in response!

Really2

Bloo_Loo wrote: »

leveraged equity would show in the lending figures as remortgages. that is way way down

I think we will find FTBs are not a major player in this market...how could they be?

When people move house they tend to remortgage.

Surely any FTB at the start of the crash as saved hard for two years at least!


From what I hear FTB are making up a lot of purchases, why would they not.