Debate House Prices


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MSE News: Nationwide: strong house price growth in January

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  • doire_2
    doire_2 Posts: 2,280 Forumite
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    Lotus-eater wrote: »
    Oh right, not sure what figures westv was talking about then, I must be reading it incorrectly.

    So you're not worried HP's might be going up too fast then? 10% YOY rises seem like suicide for the housing market to me.

    Its unsustainable. The economy is a shambles. More people will loose their jobs. Wages wont rise.

    2010 is going to be savage :eek:
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
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    chucky wrote: »
    not that i'm saying that it is... but could that 10% rise be a re-adjustment/re-correction of the negative over correction in 2008?

    just a thought... :)
    Or it could be that people still want to buy houses, but less people want to sell :)
  • doire_2
    doire_2 Posts: 2,280 Forumite
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    HAMISH_MCTAVISH wrote: »
    Yes, it includes all parts of the UK, including N.I.

    Regional data is only available on the quarterly report. Even N.I is up from trough, although not by much.

    Which parts of NI?

    According to the University of Ulster most of NI is down.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mr_fishbulb wrote: »
    Or it could be that people still want to buy houses, but less people want to sell :)
    which probably agrees with Hamish's supply and demand theory :)
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
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    edited 29 January 2010 at 12:10PM
    Lotus-eater wrote: »
    So now the playground is quiet, you can shout yah boo back at them? :D

    Revenge is a dish best served cold...... delicately flavoured with "prices up from trough in all areas and on all indices", and with a nice side order of "double digit HPI as a national average".

    For desert I particularly enjoy a large helping of "Aberdeen prices up 19% since trough".

    I find the best wine to accompany such a meal is fresh, but young, bottle of 2009 vintage Chateau Fukque, that is good to drink now, and will get even better with age.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • Lotus-eater
    Lotus-eater Posts: 10,789 Forumite
    10,000 Posts Combo Breaker
    westv wrote: »
    I don't understand what you mean.
    Well you said

    Some large variations in the regional figures

    East Anglia -8.4%
    North West +4.8%

    Just wondered where those figures came from.
    chucky wrote: »
    not that i'm saying that it is... but could that 10% rise be a re-adjustment/re-correction of the negative over correction in 2008?

    just a thought... :)
    Could be, I suppose the real question is, when will we know? Six months after the election?
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • westv
    westv Posts: 6,461 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Lotus-eater wrote: »
    Well you said

    Some large variations in the regional figures

    East Anglia -8.4%
    North West +4.8%

    Just wondered where those figures came from.

    Could be, I suppose the real question is, when will we know? Six months after the election?

    I'm sure I posted that info in the Rightmove thread but I can't seem to find that thread now. Has it been moved?
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    chucky wrote: »
    which probably agrees with Hamish's supply and demand theory :)
    Hamish's theory says that there won't be enough houses because not enough are being built. It's more long term than what I think is happening at the moment.

    What I think is currently happening is that not many people want to sell (be it that their house has fallen in value and are waiting for it to increase, that they are happy being an accidental landloard for a while, they are worried about upsizing if the economy is not certain, or they simply cannot afford to move). But that is different from there not being enough houses in existence (although the end result is the same).
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mr_fishbulb wrote: »
    Hamish's theory says that there won't be enough houses because not enough are being built. It's more long term than what I think is happening at the moment.

    What I think is currently happening is that not many people want to sell (be it that their house has fallen in value and are waiting for it to increase, that they are happy being an accidental landloard for a while, they are worried about upsizing if the economy is not certain, or they simply cannot afford to move). But that is different from there not being enough houses in existence (although the end result is the same).
    like you - i don't agree with Hamish's theory. it's too generalised.

    what people aren't seeing is that Hamish has no interest in house prices rising or falling. he just likes winding people up!! people just can't see it. top man!! :T
  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    chucky wrote: »
    what people aren't seeing is that Hamish has no interest in house prices rising or falling. he just likes winding people up!! people just can't see it. top man!! :T
    He is like the Vinnie Jones of the forum :)
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