"Just one in ten expect prices to fall"

Lotus-eater

IveSeenTheLight wrote: »

macaque,

Tonight, bring your wife a glass of water and two paracetomol.
When she asks what it's for, say her headache.
When she say's she doesn't have a headache, then you can release your wicked smile

*That*, is actually very good for headaches

So tell her that (and have a printed medical page ready to prove it)

IveSeenTheLight

Lotus-eater wrote: »

*That*, is actually very good for headaches

So tell her that (and have a printed medical page ready to prove it)

You are so true.
My wife swears by it (so the gardner tells me )

Lotus-eater

IveSeenTheLight wrote: »

You are so true.
My wife swears by it (so the gardner tells me )

Ohhh posh......... we use the milkman

wolvoman

Lotus-eater wrote: »

I agree, the rising complacency out there is unbelievable. Everyone's started going back to the old ways without even thinking about it.
Do you remember "this can't go on" , "we all owe too much" , "it's been a massive bubble of credit"...........
.............anyone?

No-one's going back to the old ways.

Mortgage lending is a lot lower. Lenders are being much more restrictive about LTVs, income multiples and credit history.

People are paying off debt faster than ever before.

House prices are rising very slowly and are still down on 12 months ago. Even when we pass the 1-year anniversary of the trough (Feb) I suspect annual HPI will be below 5%. There is no boom.

So why do you believe we are going back to the old ways?

ThyKingdomCome

wolvoman are you related to wolverine?

the_ash_and_the_oak

wolvoman wrote: »

No-one's going back to the old ways.

Mortgage lending is a lot lower. Lenders are being much more restrictive about LTVs, income multiples and credit history.

People are paying off debt faster than ever before.

House prices are rising very slowly and are still down on 12 months ago. Even when we pass the 1-year anniversary of the trough (Feb) I suspect annual HPI will be below 5%. There is no boom.

So why do you believe we are going back to the old ways?

Might be reading Lotus-Eater wrong but I'm read that more as saying we're returning to a price position we were in during early 2007.

Depends whether you view this as position or momentum imo - either

1. 2007 prices were sustainable (and would not have fallen without credit crunch) - could return to those prices fine - but without the forward momentum of a boom to take further

2. 2007 prices themselves were not sustainable and a return to those prices is taking us back to that same scenario

Lotus-eater

wolvoman wrote: »

People are paying off debt faster than ever before.
So why do you believe we are going back to the old ways?

Because they're not, it's all spend spend spend again.
Perception has changed, certainly in the people I know and see around, people are spending again and not on useful things, but on things they don't need.
They might not be getting stupid mortgages, but that's only because they can't. They might be paying some money back they owe, but that's only because they absolutely have to, give them a choice and no chance.
But they can spend lots of money on other things and they are.

Gorden Brown has succeeded, they all believe it's all over and we're now fine, keep borrowing like before. The economy has bounced back and house prices are now going to continue to rise, nothing to worry about.
Labour would now have a chance at winning the election on the economy alone. I have kept saying on here how quickly the population forgets things.

doire_2

HAMISH_MCTAVISH wrote: »

http://www.moneyfacts.co.uk/Article/92718/ftbs-look-to-buy-now.aspx
:beer:

Mmmmm, tasty bull food....;)

Buyer sentiment is critical to the market and it doesn't get much more positive than that.

Talk about ripping the ar.se out of it :rolleyes:

nembot

I've always said 90% of people are not quite with it, so yes I'm bloody shocked that I agree with you here Hamish!

Of course, they're wrong - but hey

abaxas

35 people out of 100 voted Labour in the last election.

I think that sufficently discredits the data.