MSE News: Nationwide: house price rises easing

setmefree2

TDS wrote: »

Hi Hamish,

Can you just explain why 10% YoY increases are a good thing? I can't see which part of society benefit.
The young who are looking to buy certainly don't benefit.
People that own a house, but are looking to move to sth bigger don't appear to benefit.
Even those that are looking to downsize surely can't, as a whole, view this to be good news cos they will have children / grandchildren who lose out as a result.
BTL investors will of course benefit, but again, their children, or their children's children will lose out.
Perhaps home owners or BTLers with no children (and no intention to have children) are the only ones who can really claim to win.

I must be missing sth, cos I can't see that ppl would be that selfish...

It's a good thing because

• Banks won't make losses
• Stability in the Financial Sector will mean that less people will lose their jobs
• People who own a home won't have a negative LTV and will be able to get a decent interest rate
• Builders won't make losses on their land banks
• Builders are more likely to build much needed housing in a rising market
• There will be more jobs for construction workers
• Stability will mean that the Stock Market rises
• Rises in the Stock market will eliminate pension deficits

the_ash_and_the_oak

setmefree2 wrote: »

• Builders are more likely to build much needed housing in a rising market
• There will be more jobs for construction workers

the other are all pretty good but not feeling these two so much

Emy1501

chucky wrote: »

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

I suspect one day you will realise that anecdotal evidence is the most valuable tool when it comes to timing regarding buying or sell.

setmefree2

the_ash_and_the_oak wrote: »

the other are all pretty good but not feeling these two so much

What do you mean - that this hasn't happened yet or that they won't happen?

Really2

Emy1501 wrote: »

I suspect one day you will realise that anecdotal evidence is the most valuable tool when it comes to timing regarding buying or sell.

Mmm not sure on that. Or I would never have purchased with the discount I got, or have the mortgage I have.

The market is the best indicator and how you see that going.
Anecdotal most of the time = opinion.

the_ash_and_the_oak

setmefree2 wrote: »

What do you mean - that this hasn't happened yet or that they won't happen?

Don't think we need another construction boom imo and think would be better if skilled workers went into engineering, science etc where we're a bit lacking

the_ash_and_the_oak

Really2 wrote: »

Mmm not sure on that. Or I would never have purchased with the discount I got, or have the mortgage I have.

The market is the best indicator and how you see that going.
Anecdotal most of the time = opinion.

anecdotal is pretty good imo - but prob a composite of diff anecdotals give a better picture than one in isolation

carolt

chucky wrote: »

a most intellectual and articulated response you've just made

About as intellectual and articulated (sic) as yours.

chucky

carolt wrote: »

About as intellectual and articulated (sic) as yours.

obviously it's not in a good mood because another house price index has shown a positive number...

get over it and stop blaming others on your misfortunes:T

setmefree2

the_ash_and_the_oak wrote: »

Don't think we need another construction boom imo and think would be better if skilled workers went into engineering, science etc where we're a bit lacking

Think we'll have to disagree. I think we could do with more family sized houses.:D