MSE News: House price rise predicted by MoneySavers

mewbie_2

JanCee wrote: »

Seriously, we probably don't share the same views but I enjoy reading the diverse views that appear on this forum. Yours were certainly some of the posts that I would read with interest. I really have no idea why you were banned, especially considering some of the idiotic posters that continue to be allowed forumtime, so maybe a low profile for a while would do the trick. If everyone shared the same point of view then there would be no debate at all and that would make this board totally redundant.

I would thank this twice apart from the bit about idiotic posters, We are all part of MSE, and indeed most of us voted on the house price VI poll.

HAMISH_MCTAVISH

wageslave wrote: »

In the long term you will make a good profit. You know it, I know it. But house prices are obscenely high and it is robbing a generation of its choice. You cannot possibley see that as a good thing.

Yes, you're right of course, but it doesn't change anything.

I base my projections of HPI on the underlying market supply and demand fundamentals, and an awareness of the relatively small percentage of new households that need to be able to afford buying for prices to keep rising, with the current and projected levels of housebuilding.

I've made my bet, and will cheer on the horse I have backed. It's that simple.

wageslave

HAMISH_MCTAVISH wrote: »

Yes, you're right of course, but it doesn't change anything.

I base my projections of HPI on the underlying market supply and demand fundamentals, and an awareness of the relatively small percentage of new households that need to be able to afford buying for prices to keep rising, with the current and projected levels of housebuilding.

I've made my bet, and will cheer on the horse I have backed. It's that simple.

I think you must be a little scared you have gotten it wrong. It is always a mistake to put all your eggs in the one basket.

mewbie_2

HAMISH_MCTAVISH wrote: »

supply and demand fundamentals

So Mr. McTavish. I put it to you that this cliched argument is a load of old McTosh. What happened to your fundamentals when the market dipped by 20% recently? Did we briefly have enough houses for a short while? Or was the UK not an Island (they're not building any more land) for a year or so?

Why did it crash at all if everything points to your continuing boom?

mewbie_2

Martin_Lewis_2for1_pizza. wrote: »

You're demand fundamentals are irrelevant Hamish, 2007 was the pinnicle of house price/wages/bank lending. You will never see this again, prices will only ever reach 2007 levels again when wages have risen accordingly, making it all relative.

Ironically the guy you bought off in 2007 was laughing all the way to the bank, as in real inflation adjusted terms 2007 is gone forever, demand or no demand.

Did he buy in 2007? Ahh. That's hit him right in the fundamentals.

mewbie_2

Martin_Lewis_2for1_pizza. wrote: »

Yes he did, hence the desperation and ramping.

Oh Hamish, I so wanted to believe in your promises of ever increasing house prices and a lost generation of homeless people.

Say you are not just another desperate property ramper.. please...say it ain't so.

wageslave

Oh bugg4h Hamish, did you buy the second house in 2007?
Prices will rise again, you just have to ride it out. Probably for a fairly long time mind you.
Is Mrs Hamish very cross with you?

Ach now I feel quite sorry for him:o

bluey890

HAMISH_MCTAVISH wrote: »

No, theres just a shortage of housing, of the types people want, in the places they want to live, and where the employment exists to support them.

With 250,000 households being formed a year, and only 80,000 houses being built this year, HPI is inevitable.

:rotfl:

No, I'm a complete b@stard most of the time. But I accept we need to build more houses, otherwise it will be 3 families in a house like it was in the old days.

I have two houses. One day I will sell them both and downsize. I'd like as much cash from the transaction as possible.

Leave the green belt alone Tavvy. If you want more homes, build them in Scotland.

wageslave

I actually do feel really sorry for him now. This has taken all the fun out of it

carolt

Did anyone notice it was a 0.36% gain predicted?

Not going to exactly make a lot of difference - even if it does come true.

All those people stampeding to the estate agent in case they have to cough up another 0.36% in a year? Can't see it having a whole lot of impact on sentiment, frankly.