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Debate House Prices
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BoE: Approvals up 5% to 60,518
Comments
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To take what the BoE has to say about this:
So where are we now?
Well IMO nothing has changed. The banks are lending a bit more on a mortgage and a bit less unsecured which fits in with the bigger picture of banks wanting to take on less risk - better to lend secured against an asset than lend unsecured and banks must lend as it's how they make their money.
The above from the BoE is more flat lining for UK credit markets rather than a return to the boom times, IMO at least.
Consumer credit as a whole is indeed flat lining.
But that hides massive increases in lending for house purchase, which is perhaps more pertinent to house prices.If I don't reply to your post,
you're probably on my ignore list.0 -
it's business lending that is a bigger worry - that is in reverse according to the M4.Consumer credit as a whole is indeed flat lining.
But that hides massive increases in lending for house purchase, which is perhaps more pertinent to house prices.
either business aren't investing in development or businesses are being risk averse - either aren't a good thing IMO..0 -
it's not over, not for a long while - there are a few more ups and downs in this baby...Graham_Devon wrote: »I'm close to saying it's all over in all honesty.0 -
It's worth pointing out that as of now, there is still not a thread on hpc about this.
A year ago, the BoE numbers would have been posted there immediately they were released. And the implications for HPI discussed in full, as there is a direct causal link between the two.
But now, not a single thread. No wonder the visitors from there to here have such a dysfunctional viewpoint when nobody ever posts the real data which supports price rises, and if they do, it quickly slips off the front page. That place takes confirmation bias to a whole new level.“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”0 -
HAMISH_MCTAVISH wrote: »It's worth pointing out that as of now, there is still not a thread on hpc about this.
A year ago, the BoE numbers would have been posted there immediately they were released. And the implications for HPI discussed in full, as there is a direct causal link between the two.
But now, not a single thread. No wonder the visitors from there to here have such a dysfunctional viewpoint when nobody ever posts the real data which supports price rises, and if they do, it quickly slips off the front page. That place takes confirmation bias to a whole new level.
Cos it's all VI innit. My brother has a mate who's sister worked with mortgages once and she says they haven't increased at all, this is obviously manipulated spin.
In all seriousness the hpc site is pretty much useless now, bulls have been banned and anyone with a moderately realistic or informed opinion has been driven away by the psychos.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
the people that run it have basically given upIn all seriousness the hpc site is pretty much useless now, bulls have been banned and anyone with a moderately realistic or informed opinion has been driven away by the psychos.
they used to post the house price indexes as soon as the numbers came out. they haven't posted any updates since October - they don't like the positive numbers so they don't post them.
http://www.housepricecrash.co.uk/indices-nationwide-national.php
http://www.housepricecrash.co.uk/indices-land-registry-national-monthly.php0 -
the people that run it have basically given up - they used to post the house price indexes as soon as the numbers came out..
they haven't posted any updates since October - they don't like the positive numbers so they don't post them.
http://www.housepricecrash.co.uk/indices-nationwide-national.php
http://www.housepricecrash.co.uk/indices-land-registry-national-monthly.php
The better posters have all left, bulls and bears alike. It's turned into a refuge for Millenarians and BNP fanatics.
Gordons Browns DVD's, and whether or not it's an insult from Obama, get more attention than Mortgage approvals and house prices!!!!!!
MSE is now a far better source of information, more timely, and with more relevant discussion of the issues at hand in the economy and for housing than HPC. By a long way too.“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”0 -
I agree with you Hamish, let's grab a pint
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HAMISH_MCTAVISH wrote: »It's worth pointing out that as of now, there is still not a thread on hpc about this.
http://www.housepricecrash.co.uk/forum/index.php?showtopic=1339540 -
mystic_trev wrote: »
Well done Cupidstunt :T I note that thread appeared soon after Hamish made his point, and 2 minutes before you made your post
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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