MSE News: Halifax: House prices up again in August (+0.8%)

System

chrishoar wrote: »

I must admit after reading about three pages of this thread it really is utterly pointless. I'm so confused as to why so many people here are so horrible / desperate, I joined about two weeks ago looking for thoughtful debate and I think this will be my last thread.

Cheerio, see you tomorrow.

IveSeenTheLight

Graham_Devon wrote: »

Interesting question.

...........

Personally I think it could be the "second coming".

............

If they do fall by large percentages monthly (say over 1%) I think more people wil stand up and realise this is not over yet, and there is more to come, which will only damage us further, and all this at a time when we will have to start looking at paying back the debt we have created as a country.

Interesting response.

While many on here have said, okay it's rising but we are likely to see falls over the winter, your converse theory is that it will cause a second coming due to sentiment.

Also interesting that you think 1% is a large monthly drop, yet if it drop by that percentage, its only negating the similar rises we saw over the summer

I guess it may be a long cold winter in this forum till we see what the actual outcome will be starting around March time

Cleaver

Graham_Devon wrote: »

I guess I should be all cheery that this month I'm a little bit richer. But I'm not. Because my friends are a little bit poorer. My sister is a little bit poorer. My children are a little bit poorer. And because they are a little bit poorer, someone else is a little bit richer, someone who owns houses as investments who are feeding off them to create their wealth.

There is so much simplistic stuff included in this paragraph that I don't know where to start. So I won't.

Cleaver

julieq wrote: »

Anyone care to join me in a chorus of "kumbaya"?

It depends, does your version have three additional choruses and four extra verses?

Cleaver

chrishoar wrote: »

I must admit after reading about three pages of this thread it really is utterly pointless.

If you enjoyed those three pages there are around 3 million others full of pointlessness you can get stuck in to?

mewbie_2

julieq wrote: »

All you're left with is the fictional notion that somehow BOE rates tripling to 1.5% will force a mass sell off.

Are Boe rates going to triple :eek: OMG. That is going to shake out the market big time. All those BTLers who squandered their equity and have leapt into the myth of ever rising property - eek!! I'd hate to have a 200k mortgage right now, because it is only going to get way more expensive.

You'd be better off going down the bookies with julie.



Graham - will this do - I didn't have much time because I'm hoping for tea in a few minutes?

wageslave

I will be the first to admit I am no economic genius so I would appreciate some serious answers here. Isn't the recovery fuelled by the government pumping billions upon billions of tax payers cash into the economy and the BOE slashing interest rates?

What happens to the economy and house prices when this money has to be paid back?

Wages arent going to rise but interest rates and taxation will. Public spending has got to be cut radically. We are all going to feel the financial sting from a debt fuelled recovery.

I think we are in for an extremely rough ride in the not too distant future.
Am I missing something?

julieq

Graham_Devon wrote: »

Where did I suggest this?



Where did I suggest this?



Where did I suggest this?

Graham dear, you want prices to fall for the greater good so that average people can afford them, correct?

How do you think prices fall? They fall by people accepting lower offers.

You first please.

mewbie_2

Ah julie. I have stuffed cotton wool in my ears and am ready for action.

Afriend_2

Is this the right room for an argument...?

www
.youtube.com/watch?v=teMlv3ripSM