Halifax: house prices up but hikes set to end

HAMISH_MCTAVISH

Harry_Powell wrote: »

A wise woman once PMed me that mewbie's mood swings in relation to the direction of house prices. When they fall, he is all geniality, humour and fun, when they rise, he is all spite, vitriol and despondency.

I wonder if we could develop a house price index based on that?

We could call it the Vitriol Index, shorten it to VI, and then sample the venom contained in posts from mewbie, ruggedtoast, nearlynew et al...

At least that way, there will finally be some truth in the bears allegations of VI indices.....;)

IveSeenTheLight

mewbie wrote: »

It's not the market that is the problem. It's not the economy. It's not the figures. It's the interpretation, and deliberate (it must be deliberate they can't be that stupid can they?) misrepresentation of what is happening.

What is the point of living in some bullish fantasy land? Much better surely to have some grasp of what the likely outlook is for jobs, property, markets, etc.

Reported today on Working Lunch

"UK jobs on the road to recovery..........

No of permant jobs being filled rose at the fastest rate in the last two years

Employers are recruiting at an accelerated rate"

http://www.bbc.co.uk/iplayer/episode/b00nvb56/Working_Lunch_04_11_2009/

mewbie_2

Harry_Powell wrote: »

I almost hope for a housing crash because the opposite will see mewbie sectioned to a mental institute.

Fortunately my sanity is likely to remain for a good few years yet.

I don't think the prospect of ten years of austerity has really sunk in yet. Ten years of rising taxes and public sector cuts - I kid you not - should make some kind of dent in the house price bubble nonsense.

nollag2006

IveSeenTheLight wrote: »

Reported today on Working Lunch

"UK jobs on the road to recovery..........

No of permant jobs being filled rose at the fastest rate in the last two years

Employers are recruiting at an accelerated rate"

http://www.bbc.co.uk/iplayer/episode/b00nvb56/Working_Lunch_04_11_2009/

This is truly great news for all those who have lost their jobs.

I only hope the BOE doesn’t rush to choke off the recovery in both house prices and the wider economy buy raising interest rates over the next 12 months.

doire_2

IveSeenTheLight wrote: »

Reported today on Working Lunch

"UK jobs on the road to recovery..........

No of permant jobs being filled rose at the fastest rate in the last two years

Employers are recruiting at an accelerated rate"

http://www.bbc.co.uk/iplayer/episode/b00nvb56/Working_Lunch_04_11_2009/

10,000 car maker jobs to go
Thousands and thousands of bank jobs to go

Yeap....recovery here we come

Harry_Powell

mewbie wrote: »

Fortunately my sanity is likely to remain for a good few years yet.

I don't think the prospect of ten years of austerity has really sunk in yet. Ten years of rising taxes and public sector cuts - I kid you not - should make some kind of dent in the house price bubble nonsense.

Serious point...

Do you not think that people will cut back on other things rather than on their houses?

I think people in this country have a mania for houses that transends any other asset. They simply love houses almost as much, if not more, than they love each other.

I think people will cut back in other areas such as going out, foreign holidays, luxury items, cars, etc. rather than cut back on their home purchases. Indeed the proof is already out there if you look at large numbers of pubs that are closing, people holidaying in the UK, shops on the high street closing down, car companies in trouble, etc.

Graham_Devon

doire wrote: »

10,000 car maker jobs to go
Thousands and thousands of bank jobs to go

Yeap....recovery here we come

With the massive amounts of stimulus in play, these job losses are neither here nor there to the wider economy.

Obviously it's major important to the person involved. But to the economy, will mean diddly squat. We will just keep booming until stimulus is cut now IMO.

We can simply create jobs, create money, create sales and create orders at the moment.

Really2

doire wrote: »

10,000 car maker jobs to go

That will give Vauxhall -4500 UK Staff.:)

the_ash_and_the_oak

Harry_Powell wrote: »

Serious point...

Do you not think that people will cut back on other things rather than on their houses?

I think people in this country have a mania for houses that transends any other asset. They simply love houses almost as much, if not more, than they love each other.

I think people will cut back in other areas such as going out, foreign holidays, luxury items, cars, etc. rather than cut back on their home purchases. Indeed the proof is already out there if you look at large numbers of pubs that are closing, people holidaying in the UK, shops on the high street closing down, car companies in trouble, etc.

Agree with this but I think the idea isn't that the Great British Person will cut back on houses but that banks will give them less (or charge them more meaning they can borrow less). Whether thats right or not we'll see but I agree that anyone waiting for desire to weaken may have a long wait

Former_MSE_Dan

mewbie wrote: »

That would be a shame. I would miss out on the Ryanair offer (Ryanair I ask you), the 'free' pizza (why oh why is it always pizza?), the savings account (from 'Mr. Icelandic banks'), and I suppose the one decent thing - some free Lego. I could start building my own house.

Just to allay any concerns you may have, when any user receives a PPR, they only have their posting privileges removed - all the main site and forum content is still accessible

HTH

Dan