Halifax: house prices up but hikes set to end

chucky

JonnyBravo wrote: »

My guess is it will just about reach that level again but it will creep there and as inflation will rise slowly it will of course not be quite such a low in reality but I expect to see it tested in nominal terms.

that's a very fair point and were my initial thoughts a few months ago but haven't been 100% convinced by the inflation argument. my only question on that will 2010 be too soon for real inflation to have kicked in - i think it will kick in but not that quickly...

in saying that - if it doesn't kick in the falls will hurt even more.

JonnyBravo

ruggedtoast wrote: »

I'm not sure what you're on about to be honest but I am going to reward you with a rolling smiley.

:rotfl:

to reflect the fact

that

in the real world

property

is still

going

dooooooooowwwwn

:rotfl::rotfl::rotfl::rotfl:

And I've thanked you out of politeness. You're not really helping my argument though by appearing to not care one jot about vast amounts of evidence because some asking prices in the area you're looking at have dropped.

Good on yer though.

And to chucky, yep I agree inflation will creep up on us slowly. It's going to take a long time for all this QE to work through to people it seems. But it has to doesn't it? Sooner or later?

Dan:_4

JonnyBravo wrote: »

Rubbish.

I'm still here.

Crash no.1 may be over but I expect a new crash to start in 2010. Seems like it may be starting from nearly the same place as the first one but I believe it will happen.

Further drops are likley to happen, but I doubt it will be classed as crash no.2. The bottom has been reached.

doire_2

0.6% here, 1.2% there and this with the 'finanical steroids' getting pumped into an economy still in recession :rolleyes:

Should be fun when these government incentives have all stopped

JonnyBravo

Dan: wrote: »

Further drops are likley to happen, but I doubt it will be classed as crash no.2. The bottom has been reached.

Just because it MAY not test the bottom won't stop it being classified (In my eyes at least) as another crash.

Dan:_4

JonnyBravo wrote: »

Just because it MAY not test the bottom won't stop it being classified (In my eyes at least) as another crash.

Okay. I think most will classify it as the 2007-2010* crash tho.

*date to be confirmed.

Really2

Stay_tonight_in_a_lie wrote: »

Anyone manage to buy at the bottom?

Not on date, but below bottom in terms of %age drop.
I think davesnave (not sure that is right) purchased in Feb.

mewbie_2

Nice that we are celebrating more people being priced out of buying shelter by posting on a bright shiny official MSE thread. Surprised we haven't had a similar one about petrol prices going up. Or maybe unemployment.

Vested interest is a powerful and misleading tool. In conjunction with a corrupt government, whose attitude to debt is to borrow more, no wonder the madness continues. Celebrate while you can, at some point you may realise that it will have to be paid back.

Looking forward to Martins higher taxes thread. We can all t0ss ourselves off on that one as well.

posh*spice

mewbie wrote: »

Nice that we are celebrating more people being priced out of buying shelter by posting on a bright shiny official MSE thread. Surprised we haven't had a similar one about petrol prices going up. Or maybe unemployment.

Vested interest is a powerful and misleading tool. In conjunction with a corrupt government, whose attitude to debt is to borrow more, no wonder the madness continues. Celebrate while you can, at some point you may realise that it will have to be paid back.

Looking forward to Martins higher taxes thread. We can all t0ss ourselves off on that one as well.

Mewbie - be careful you'll get PPRed

HAMISH_MCTAVISH

mewbie wrote: »

Nice that we are celebrating more people being priced out of buying shelter by posting on a bright shiny official MSE thread. Surprised we haven't had a similar one about petrol prices going up. Or maybe unemployment.

Vested interest is a powerful and misleading tool. In conjunction with a corrupt government, whose attitude to debt is to borrow more, no wonder the madness continues. Celebrate while you can, at some point you may realise that it will have to be paid back.

Looking forward to Martins higher taxes thread. We can all t0ss ourselves off on that one as well.

And I'll celebrate that with a pint of what is obviously mewbies favourite brew....
:beer: