MSE News: House prices to fall next year, says Nationwide

treliac

Afriend wrote: »

Ninky...?

No, wherever is ninky a woman's name? (or even a man's name come to that)

Emy1501

Look I do not know where this threads going. I'm here to discuss houseprices and the economy. I not sure what you three above are about but I get impression that maybe the 3 of you are not interested in that so I will leave you too it.

As for thinking outside the box maybe you are talking about the big fish little fish box because I cannot make head or tail what chucky is going on about. If anyone can explain I'm up for reading it as I'm here to discuss and learn.

Emy1501

Afriend wrote: »

Do go on, I'm interested in learning. Should I sell my house and rent?

No you should not see your house as an investment its somewhere to live.

Really2

Emy1501 wrote: »

No you should not see your house as an investment its somewhere to live.

This is not pro-HPI,

But the thing that stuck out in my mind in that statement is, yes it is kind of true. But it is a bit more than that is it not.

The reason I say that is
a) your purchasing an asset.
b) you are paying a lot of money for it.

So yes view it has a home first and fore most but is also an investment simply because you invest so much in it.

Otherwise the price would be irrelevent and everyone should buy no matter the cost.
That is not something I would subscribe to. In the end it is a place to live but like any other financial investment you have to look in to it, make sure you are not over paying.
I can's see why anyone paying so much for an asset would not call it an investment, it may not be a good one but it is still an investment.

IveSeenTheLight

Emy1501 wrote: »

Whats your point then? Elderly people are freezing to death. Our education system is poor and healthcare's poor as well. Deaths from cancer in this country are way higher than in many European countries.

The government claim they do not have any further funds to invest in the above but your happy for them to sink 9B into keeping house prices high as its only a £145 a person. To be honest I'm not sure why people are moaning about immigration as this only costs 13B per year so less than £250 a person:rolleyes:

My point was by raising the question it may make people think about the statement that the government is propping up house prices.

It's not about whether I am happy or not, I've never stated what I was.
Certainly any person who has been able to retain their jobs or homes as a result of government stimulus are going to be much happier than if they isn't.

My point was about stimulating thought.

Emy1501 wrote: »

Its clearly way more than 9B but to keep ISTL happy I've left it 9B. I notice though that you haven't answered the question asked and just brushed it aside. To be honest bulls like yourself are no better than the bears who claim house prices have not gone up over the last 6 months or so and claim the Haliwide figures are fixed. You are all blinded by what you need to believe.

Again, it's not about keeping me happy :rolleyes:
You were questioned as give you your due, you provided links and stated it was shown as £9Billion, then the following post you quoted it as £10-15 Billion.
It might have been clearer if when you posted your links for £9billion you followed it up with why you think it would have been higher.

IveSeenTheLight

treliac wrote: »

No, wherever is ninky a woman's name? (or even a man's name come to that)

Who's catching the ninky nonk?

Emy1501

Really2 wrote: »

This is not pro-HPI,

But the thing that stuck out in my mind in that statement is, yes it is kind of true. But it is a bit more than that is it not.

The reason I say that is
a) your purchasing an asset.
b) you are paying a lot of money for it.

So yes view it has a home first and fore most but is also an investment simply because you invest so much in it.

Otherwise the price would be irrelevent and everyone should buy no matter the cost.
That is not something I would subscribe to. In the end it is a place to live but like any other financial investment you have to look in to it, make sure you are not over paying.
I can's see why anyone paying so much for an asset would not call it an investment, it may not be a good one but it is still an investment.

The suggestion was Afriend wanted to know whether he/she should sell and rent. Therefore in that respect its his or her home already.

If he/she was a FTB/not owning then I would agree with your point.

Thrugelmir

IveSeenTheLight wrote: »

Thanks Thrugelmir.
So £4 Billion is your guess.
That would equate to roughly £64 per personin the UK.
Not really much is it?

The £4 billion is NR's own figure. The target next year is £9 billion, but many questions have been raised as to whether this is achievable.

grazing

HammerSmashedFace wrote: »

Watch the car scrappage scheme when it ends, also check out what the VAT increase will do to the inflation figures, which of course will be batted away as a temporary hike by the BoE so they can continue printing money.

With high levels of personal debt and high unemployment, less credit and low interest rates, perhaps deflation is more of a concern?

nollag2006

grazing wrote: »

With high levels of personal debt and high unemployment, less credit and low interest rates, perhaps deflation is more of a concern?

The BOE certainly think so. Which is why interest rates are likely to remain low for the forseeable future, all of which is good news for the continued recovery in the housing market

:money: