MSE News: Nationwide: house price rises easing

the_ash_and_the_oak

setmefree2 wrote: »

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

Then it is a shame that the last time we had a boom which fuelled a construction explosion that this was channeled into flats more so than houses imo

carolt

chucky wrote: »

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

'It's' not in a good mood?

Which It?

How can an 'it' have a mood?

Why does your post end with a meangless :T?

So many questions, questions...

Please don't bore us any further by bothering to answer them, though.

Emy1501

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.

Hard facts like NW figures etc allows you to drive a hard bargin ie. at the moment sellers will just stick to price because prices are rising but 12 months ago fear would have made some take 20% off etc.

On the other hand it was obvious where I lived back in Jan that prices were on the way up simply because I viewed a few houses and there were often 2-3 other people viewing, agents struggled to fit you etc. Speaking to agents who you could trust also told you the same picture. NW etc did not show this picture till March.

The above was the same back in the summer of 2007 etc. Of course things can change quickly. Its clear from various evidence that over the last 6 weeks things are difficult in my area this may be short lived in Jan I may start to see again what I saw in Jan 2009.

The reality is though that you will be quicker to note any start of falls or rises in your own area using ancedotal evidence I would say by a few months.

chucky

carolt wrote: »

Why does your post end with a meangless

no wonder the education system is in the mess that it's in with the state of spelling by today's teachers - it's shocking

'it' - used to represent an inanimate thing understood, previously mentioned, about to be mentioned, or present in the immediate context

Really2

Emy1501 wrote: »

The reality is though that you will be quicker to note any start of falls or rises in your own area using ancedotal evidence I would say by a few months.

Perhaps, but without confirmation by figures you could be making a big mistake.

the_ash_and_the_oak

Really2 wrote: »

Perhaps, but without confirmation by figures you could be making a big mistake.

Diff points to anecdotals here but by waiting for confirmation w figures do you lose the ability to anticipate change in a market?

TDS_2

setmefree2 wrote: »

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

I don't see why 10% annual increases (or indeed any increase) is required for the above. You mention stability a lot - 10% increase does not equal stability. To me it looks anything but.

Emy1501

Really2 wrote: »

Perhaps, but without confirmation by figures you could be making a big mistake.

You could be right. I suspect it depends on how much you trust your evidence. One would need hard evidence to drive the best bargins. It gave me a head start in 2007 and back in Jan 2009. I suspect it may again when I sell and buy next year. Time will tell though. I think the main problem is how quickly it can change and how quickly one accepts the change. I suspect my downfall may come from how quickly I accept the change.

Really2

the_ash_and_the_oak wrote: »

Diff points to anecdotals here but by waiting for confirmation w figures do you lose the ability to anticipate change in a market?

True, but then depends where you are getting anecdotal from.

It has to be a first hand source without VI.

the_ash_and_the_oak

well thats really why I think anecdotals are pretty good if there are a few of them - but to base on one anything on one anecdotal isn't something I'd do imo