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Debate House Prices
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House Prices to recover more strongly than expected..
Comments
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Graham_Devon wrote: »I get the distinct impression that when interest rates go up, Hamish is going to post something about houses now being more affordable as it costs more, or some yadda.
.
:rotfl:
Silly bear, house prices will rise in spite of rising rates, not because of them.
Besides, it's irrelevant. Rates will stay at relatively low levels for the best part of a decade at least.
And house prices will be rising relentlessly for most of that time.“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 -
Graham_Devon wrote: »Were they?!?!
I remember distinctly the question of "howcome there are a million homes on rightmove then" being asked by the bears everytime the lack of supply = houses up was used by the optimists.
Ask Dopester
http://forums.moneysavingexpert.com/showthread.html?t=1861103&highlight=dopester+low+sales&page=6
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Is it 50% off? And we haven't really begun to feel the coming waves of...HAMISH_MCTAVISH wrote: »76,000 sales last month alone. Sure it's a lot less than peak...
UNEMPLOYMENT
INTEREST RATES
TAXES
PUBLIC SPENDING CUTS
... yet.0 -
HAMISH_MCTAVISH wrote: »:rotfl:
Silly bear, house prices will rise in spite of rising rates, not because of them.
True, true, that was a bit amateur of me.
House prices will rise in spite of interest rates, unemployment, wage cuts and the general concensus that no one wants to be paying these stupid prices, not even bulls, they just want others too.
The will rise due to lack of homes, due to just the right number of homes, due to oversupply of homes etc etc.
Never understood the mentality. A lot of you sitting on here, all waiting for a crash to buy the next property, but all denying a crash will happen. Must be difficult, on the one hand, the desperation for HPI to save an investment, on the other, a need for a crash to be able to buy another, and if you had another hand, on that one, the desperate need to say banks are just fan dibbly doo and are lending, cus you need the lending.
It's a tough place to be.0 -
Graham_Devon wrote: »True, true, that was a bit amateur of me.
House prices will rise in spite of interest rates, unemployment, wage cuts and the general concensus that no one wants to be paying these stupid prices, not even bulls, they just want others too.
The will rise due to lack of homes, due to just the right number of homes, due to oversupply of homes etc etc.
Never understood the mentality. A lot of you sitting on here, all waiting for a crash to buy the next property, but all denying a crash will happen. Must be difficult, on the one hand, the desperation for HPI to save an investment, on the other, a need for a crash to be able to buy another, and if you had another hand, on that one, the desperate need to say banks are just fan dibbly doo and are lending, cus you need the lending.
It's a tough place to be.
Well they're not building land any more, now are they?0 -
I just clicked the like it button to see what it did
I dont like it okay!Hi, we’ve had to remove your signature. The one where you showed us Dithering Dad is a complete liar. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team0 -
Hi scouse, not seen you in a long time.0
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HAMISH_MCTAVISH wrote: »76,000 sales last month alone. Sure it's a lot less than peak, but it's not that far off levels after the last crash. And look what happened to prices since then.....;)
Oh, and 76,000 is more than enough to be statistically significant when determining the accuracy of house price data.
That is the seasonally adjusted figure. I thought you liked real figures...
(especially as that's higher, in this case...)0 -
shakerbaby wrote: »The number of homes going up for sale is a good thing. Maybe we'll get some valid stats on the real movement of the market.
wow - what insight...
house prices go up on low transaction volumes. they're invalid and don't tell us anything...
house prices go down on low transaction volumes, 100% correct you can't argue with market forces bla bla bl0
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