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Debate House Prices
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BoE: Approvals up 5% to 60,518
Comments
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mystic_trev wrote: »
5:04 pm..... Not very impressive.
It was up here this morning, shortly after release.
Still, nice to see them catching up with MSE eventually.;)“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 -
Well done Cupidstunt :T I note that thread appeared soon after Hamish made his point, and 2 minutes before you made your post
Well thats another hpc troll outed.:D“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 -
Well done Cupidstunt :T I note that thread appeared soon after Hamish made his point, and 2 minutes before you made your post
...and curiously with the exact same title to the letter ~ what are the chances of that happening?
If I don't reply to your post,
you're probably on my ignore list.0 -
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...and curiously with the exact same title to the letter ~ what are the chances of that happening?
:rotfl:
HPC-ers coming to MSE to get their house price news.
Awww, bless....“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 -
Net secured lending up £1,500,000,000 is hardly a massive increase.
I think he was referring to lending for new purchase, regardless of the net position.
Which is the only bit that impacts house prices.“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 -
Graham_Devon wrote: »But I think those who actually care are in the minority. Everyone wants now to be ok, stuff the next generation, and forget that it can't go on like it was.
People want it back. They want their houses to go up in value, they want credit cards, they want loans and new cars, and they want it now. They want mortgages as easy as they can get them now, they don't want to save. They want 90-100% back, forget the rates, they want it now.
Graham, does this world really exist or is it just in your head? Or is it based on people you know? I sometimes wonder where this vision of a manic, out of control nation comes from on here. Yes, credit is higher than a few decades ago and financial savy is not what it was. But the majority of people out there are still fairly sensible.
Do you get a disproportional view of life from somewhere? On here? The TV? The people you know?
My experience tends to be that 95% of people I know, from all walks and area of life, tend to look after their finances pretty well and cope in life, plodding along, buynig stuff, saving some money, paying their mortgage or rent. They're just doing fine in other words. Maybe 5% or less struggle. Isn't that really the case everywhere? Or do I know different people to everyone else?0 -
i'm with you Cleaver - it's a bit unfair to single Graham out because he isn't the only one with these views. maybe it's people pessimistic nature, i don't know.Graham, does this world really exist or is it just in your head? Or is it based on people you know? I sometimes wonder where this vision of a manic, out of control national comes from on here. Yes, credit is higher than a few decades ago and financial savy is not what it was. But the majority of people out there are still fairly sensible.
Do you get a disproportional view of life from somewhere? On here? The TV? The people you know?
My experience tends to be that 95% of people I know, from all walks and area of life, tend to look after their finances pretty well and cope in life, plodding along, buynig stuff, saving some money, paying their mortgage or rent. They're just doing fine in other words. Maybe 5% or less struggle. Isn't that really the case everywhere? Or do I know different people to everyone else?0 -
HAMISH_MCTAVISH wrote: »I think he was referring to lending for new purchase, regardless of the net position.
Which is the only bit that impacts house prices.
I don't see that figurre anywhere in the report, only the number of mortgages which isn't a very good proxy IMO.0
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