Shall we have our own 12 month house price survey then?

michaels

Hey Cleaver why don't you start another one for next year - you could add a poll too?

Would be very interested in the oracle's (Hamish's) view going forward - I got the impression last year that he was more predicting a typical seasonal cycle than the year of increases followed by post election falls that we actually saw. Hamish can you see nominal prices staying the same or increasing over the next 12 months?

fc123

HAMISH_MCTAVISH wrote: »

LOL.....

I rather suspect most of the prizes have long since been recycled into a far better use.




Why thank you. (I think):eek:

Mine still holds......but I may need a nudge or PM as I may be a
bit busy over the next few weeks relocating again.

Cleaver is in charge of 1st 2nd 3rd and booby prize I think...being his comp/poll and all that.

HAMISH_MCTAVISH

michaels wrote: »

Hamish can you see nominal prices staying the same or increasing over the next 12 months?

The short term outlook really depends on the detail of the spending review this autumn, so at this point I'd say its a toss up as to whether they'll be up or down.

I'll make my 2011 predictions at the end of the year as usual.

DervProf

LydiaJ wrote: »

Just want to say that while I still don't like the way that Hamish wants HPI, I have come to find his reasons for predicting it somewhat more convincing than when I first came across him.

I find the way that Hamish (and others) welcomes HPI a rather unpleasant characteristic, but I will also agree that his reasoning and predictions are fairly accurate.

This raises a question. If Hamish is so good at predicting HPI (and he seems to be quite confident in his abilities), why has he not made a massive fortune out of property ? Maybe he has, but I`m sure we would have heard about it by now. Maybe he isn`t that greedy, but he does apparently own a second property (hence the "celebration" when property prices rise).

Cleaver

DervProf wrote: »

I find the way that Hamish (and others) welcomes HPI a rather unpleasant characteristic, but I will also agree that his reasoning and predictions are fairly accurate.

This raises a question. If Hamish is so good at predicting HPI (and he seems to be quite confident in his abilities), why has he not made a massive fortune out of property ?

Presumably he'll answer this, but I imagine it's because even he knows there is a risk having too much expsure to just one asset. So, as he's said a few times before, he feels having two propeties is enough expose to that asset.

I feel quite bullish about Indian equities over the next few years and I think they'll go up considerably. However, this doesn't mean that I'm pumping every last penny I own in to them.

HAMISH_MCTAVISH

This raises a question. If Hamish is so good at predicting HPI (and he seems to be quite confident in his abilities), why has he not made a massive fortune out of property ? Maybe he has, but I`m sure we would have heard about it by now. Maybe he isn`t that greedy, but he does apparently own a second property (hence the "celebration" when property prices rise).

As with all things in life, it's about managing the balance between risk and return.

75% of my wealth is in property. That's a comfortable balance for me.

JonnyBravo

DervProf wrote: »

I find the way that Hamish (and others) welcomes HPI a rather unpleasant characteristic, but I will also agree that his reasoning and predictions are fairly accurate.

This raises a question. If Hamish is so good at predicting HPI (and he seems to be quite confident in his abilities), why has he not made a massive fortune out of property ? Maybe he has, but I`m sure we would have heard about it by now. Maybe he isn`t that greedy, but he does apparently own a second property (hence the "celebration" when property prices rise).

So you're another of the "black or white" crowd. Should have guessed seeing as Hamish says you've migrated from HPC.
The real world, where most of us live, is rather more a shade of a grey on most things.

HAMISH_MCTAVISH

Cleaver wrote: »

So, as he's said a few times before, he feels having two propeties is enough expose to that asset.

Absolutely.

I feel quite bullish about Indian equities over the next few years and I think they'll go up considerably. However, this doesn't mean that I'm pumping every last penny I own in to them.

It's obviously a ridiculous argument to claim anyone confident of an asset should go into it 100%.

We may as well ask why those so confident of a crash haven't plonked down their life savings on a spread bet against house prices.

HAMISH_MCTAVISH

JonnyBravo wrote: »

So you're another of the "black or white" crowd. Should have guessed seeing as Hamish says you've migrated from HPC.
.

To be fair I find dervprof more reasonable by far than most of them.

DervProf

JonnyBravo wrote: »

So you're another of the "black or white" crowd. Should have guessed seeing as Hamish says you've migrated from HPC.
The real world, where most of us live, is rather more a shade of a grey on most things.

You seem to be implying that everything is "black or white" with me, and that I don`t live in the real world.

I`d suggest that you are jumping to conclusions. If you want to accuse me of anything, I`d say that that grey is my colour, in more ways than one. Hamish and I have quite differing opinions, and we merely "tussle" on this forum. Hamish can fight his own battles (quite well in fact), he doesn`t need you to "have a pop" at me, he`ll do that himself if he wishes.