Bears in Despair Part 3......

honved

Graham_Devon wrote: »

What I don't get is how a surge in prices is somehow a "good thing" for some of those invested in property, or the more optimistic on here.

It's good if you can sell up and get out. Granted.

But Hamish, you don't appear to be doing that, infact I have not heard any single BTL investor on here saying they are getting out.

A return to boom, will mean yet another return to bust.

These rises at this pace are not good news. How can it be? Unless you are selling up to take the profit, how on earth can prices rising at this pace be great news....let alone, sustainable.

I agree that a surge does not reflect the underlying economic reality -I have the feeling that we're simply postponing more pain for future years.

The only positive of a surge that I can see for property owners is that it may make re-mortgaging easier in the short term (i.e. better LTV)?

skap7309

The government has succeeded in DELAYING the inevitable. I know it, Hamish knows it (otherwise he wouldn't desperately trawl the entire net looking for something to throw on here) everyone knows it.

Nothing to see hear, please move along.

skap7309

HAMISH_MCTAVISH wrote: »

According to Register of Scotland actual sold price index, Aberdeen is now back to around August 2007 prices.:money:

But hang on, i thought it was Nationwide figures you were championing?

Picking to suit the highest figure? :rolleyes:

Thrugelmir

HAMISH_MCTAVISH wrote: »

Because having close to a million people [STRIKE]in negative equity [/STRIKE] potentially yet to join the ranks of the unemployed is still a big drag on the wider economy.;)

Why is negative equity a drag on the economy?

People who borrow to invest in wealth generating enterprises aren't a drag. :rolleyes:

StevieJ

I especially like this comment.


hindsight is a wonderful thing.

neas

i must admit putting house changes in your sig will make you look like a complete nob if they change dramatically... its saying 'duh i was wrong'. Im fine to casually sit at the outskirts and wait to see. I wonder what will happen when the tories come in and ramp interest rates to 8-10%?

StevieJ

tommy75 wrote: »

I'm lost for words tbh, the greed is out of control. I hope none of you have children because this country is going to be one BIG prison from now on. The government have bailed out the banks with our money because of loose lending and we are just continuing as nothing happened? The debt is going to take many generation to pay off and we are still borrowing... Can none of you see this or is your new imaginary wealth distorting your thoughts?
No wonder British families are flying out of this country in their masses.

I believe OZ house prices are even worse :eek: greener grass and all that

System

neas wrote: »

I wonder what will happen when the tories come in and ramp interest rates to 8-10%?

Oh for christ's sake.

Thrugelmir

neas wrote: »

i must admit putting house changes in your sig will make you look like a complete nob if they change dramatically... its saying 'duh i was wrong'. Im fine to casually sit at the outskirts and wait to see. I wonder what will happen when the tories come in and ramp interest rates to 8-10%?

The Tories wouldn't as its the BOE which controls base rates. Though independantly banks may charge more for loans depending on factors such as the cost of deposits to them.

Thrugelmir

StevieJ wrote: »

I believe OZ house prices are even worse :eek: greener grass and all that

Well the OZ/£ exchange rate suggests its now time to return to the UK rather than leave. A friend of mine who's worked in Sydney for 20 years has bought herself a place in Devon as the rate is so good!