MSE News: Nationwide: house price rises easing

chucky

ruggedtoast wrote: »

But this is what makes me doubt the indexes to be honest. I wouldnt have saved myself anything if I'd bought in Feb 2007 because there was nothing about for less than £260k, and those were BISF. BISF!

Now the BISF is down to £180 and there are normal places for around £260. Not a massive drop if you want a normal place - but for people in NW London who want to live in a pre-fabricated shed at 5 times income its doubleplusgood news!

:money:

London and house prices is a totally different world - unless you have money or can borrow enough (and afford it), it's always going to be tough even during any house price correction

carolt

chucky wrote: »

London and house prices is a totally different world - unless you have money or can borrow enough (and afford it), it's always going to be tough even during any house price correction

What a load of bobbins.

damanpunk

I don't mind rises/fall's tbh.

Rises will make it easier for me to re-mortgage, fall's will mean a smaller deposit (as neg. equity will eat into it) and new house price will be lower when moving. It's all swings and roundabouts.

the_ash_and_the_oak

chucky wrote: »

as you know the first 6 months of this year there were some good rates about - that's for those in the position to get the finance...

For those w the deposits sure!

But in general there seems to be a split between those who think rates are going to increase and those that think they are going to decrease (and this split doesn't really seem to be a bull/bear type split either - although...I kind of think it should be)

chucky

carolt wrote: »

What a load of bobbins.

a most intellectual and articulated response you've just made

setmefree2

abaxas wrote: »

They are the same apart form one point. Bears want cheap housing for themseles, which in effect is community driven. But bulls want anything but for themselves, the community/social aspect is lost.

Maybe the bull/bear argument is nothing to do with housing, but the break down of community and the rise of indiviualism?

There were a lot of bears on here who wanted cheap housing in order to purchase a buy to let. Some had sold to rent to make a killing. Nearly all of them cheered on a recession and unemployment. Some of them were almost evil in the pleasure they took when posting on threads were posters had negative equity.

So, no, I never seen anything worthy about many of the "bears".

ruggedtoast

chucky wrote: »

London and house prices is a totally different world - unless you have money or can borrow enough (and afford it), it's always going to be tough even during any house price correction

I suppose. I had a look back in my south coast home town and there are 3 beds on the market there for as little as £135 now. The last time I looked probably was June '07 and there was nothing for that little then.

There's still expensive stuff selling there because I have family who've sold for 2007 (£225k plus for 2 bedrooms) prices, but the NW figures maybe arent reflecting the fact that there are places on the market for a lot less than '07.

Who knows - I should think we'll have a better picture in the new year.

Emy1501

chucky wrote: »

oh dear, oh dear... you better go back to the basics... :rotfl:

just because asking prices are falling it doesn't mean that the house price indexes will drop... it's selling prices dear... selling prices you need to be looking at. not just because a house has dropped an over-inflated asking prices in Slough it doesn't mean that property prices are falling :rolleyes:

next you'll be telling me there are 300 properties on Rightmove in your area that are not selling



thanks for sharing again - but most people thought that already. but thanks again anyway.

i only call desperate to the posters that make up stuff and moan that house price indexes are fiddled because house prices are going in the way that they'd like them too..

as for the ones that need to put their posts in bold just to try to prove a point - they're in a different category

Does this apply to you who told me not so long ago that Mervin King reduced interest rates before the last general election to keep house prices high so Labour could stay in power?

I think I will take basic lessons from someone else thanks. I suspect you were one of those back in th Summer of 2007 telling everyone prices were going to still rise because NW were telling you so. I think you will find prices were falling well before NW told us. I know because I sold a property in the spring/Summer of 2007.

chucky

ruggedtoast wrote: »

I suppose. I had a look back in my south coast home town and there are 3 beds on the market there for as little as £135 now. The last time I looked probably was June '07 and there was nothing for that little then.

There's still expensive stuff selling there because I have family who've sold for 2007 (£225k plus for 2 bedrooms) prices, but the NW figures maybe arent reflecting the fact that there are places on the market for a lot less than '07.

Who knows - I should think we'll have a better picture in the new year.

they're going to be different types of markets but i agree nobody knows what's going to happen - London is driven by loads of other different factors; like foreign money, more investors and even money from the City.

i always tend to categorise houses into

nice house/nice area
bad house/nice area
nice house/bad area
bad house/bad area

i think the first one is selling but the last three categories aren't doing as well - i think in the order that i've stated. probably because those brave enough to buy are able to step up one or two of those categories to improve where they live.

chucky

Emy1501 wrote: »

Does this apply to you who told me not so long ago that Mervin King reduced interest rates before the last general election to keep house prices high so Labour could stay in power?

I think I will take basic lessons from someone else thanks. I suspect you were one of those back in th Summer of 2007 telling everyone prices were going to still rise because NW were telling you so. I think you will find prices were falling well before NW told us. I know because I sold a property in the spring/Summer of 2007.

still no facts - just made up anecdotal evidence i see.
keep it up - discredit yourself some more why not :beer: