Outstanding!!!!!!! Latest Scottish house prices...

Turnbull2000

HAMISH_MCTAVISH wrote: »

You can't even be original, can you?

Do you think it's funny to repeatedly troll threads with ascii facepalms, and now the troll spray I waved around last time you were trolling?

You really are a prize muppet.

But keep it up, as it only proves how desperate you are if thats the ebst you can do on a debate board when the facts go against you so decisively.

But you are a sad 40 something troll, aren't you. I expect prices to rise to, but I'm not gleeful about it as I know the damage excessive HPI causes.

HAMISH_MCTAVISH

MatteH wrote: »

I'm sorry, I just have trouble with people who think that house prices rising faster than wages makes it easier for people to move up the ladder & hence is of real benefit to the average home owner.

And you know what, before this crash, I actually had some sympathy with the argument that upsizers universally benefit from house prices falling.

Except that is yet another myth that has been busted by this crash, one of many.

It turns out most upsizers have not ended up ahead after all.....

http://forums.moneysavingexpert.com/showthread.html?t=1824713&highlight=upsizers

Nor in fact, have many potential FTB's, as the higher bank margins have wiped out the gains from lower prices, and the higher deposit requirements have prevented many more from even buying at all.

It isn't, HPI only really benefits speculators with multiple properties.

And those in, or close to negative equity. And those close to LTV brackets who could benefit from lower rates if prices rise. And those in, or close to retirement, who might want to downsize and release equity (a position almost all owners will be in eventually). And those who inherit a house from relatives. etc etc etc

In fact, a crash only benefits the few speculators who STR-ed, the few FTB's who can raise a huge deposit and stomach the higher bank margins, and a few upsizers who are making a big leap up the ladder. If they can get a mortgage to do so. (and many can't)

Seeing as some of them bought near market top then who can blame them for a little desperation?

The desperation argument is a total red herring, designed to distract from the real debate and try to discredit opponents. It is a classic example of fallacy ad hominem.

MatteH

Turnbull2000 wrote: »

But you are a sad 40 something troll, aren't you. I expect prices to rise to, but I'm not gleeful about it as I know the damage excessive HPI causes.

Even if he was in his mid 20's & a potential FTB, i expect he wouldn't be buying some crappy Ex LA flat in grottsville because he actually does know that rampant HPI would keep him stuck there for decades.

HAMISH_MCTAVISH

Turnbull2000 wrote: »

But you are a sad 40 something troll, aren't you. I expect prices to rise to, but I'm not gleeful about it as I know the damage excessive HPI causes.

No, I'm a person who knows that we have a big shortage of housing in this country, and so HPI is inevitable, and I have positioned myself accordingly.

You on the other hand were a fully fledged card carrying member of the crashaholics support group, who has reluctantly changed your mind after the fact to concede that yes, the bulls were right after all.

bernard_shaw

captainhaggis wrote: »

I don't get why Hamish is being accused of being a troll. He's passing on information that, to many, will be welcome. The only people who will be disappointed by this information will be those who have perhaps missed out on countless superb opportunities to invest in one of the UK's most vibrant housing markets and enjoy the benefits connected with doing so.

I say "thank you" to Hamish for the information, and "tough tits" to those of you without the foresight to invest as Hamish obviously has done and find trying to belittle Hamish's input to be the best way of making yourself feel better about that lack of foresight.

Do you also say "tough tits" to those who were in no position to buy at the time? Do you also say "tough tits" to future generations?

What tends to grate about Hamish's posts and those of his acolytes, is the fact that they are reveling in an accident of birth, and rubbing the noses of younger generations in it. They would attract less opprobrium if they merely acknowledged their luck and offered a measure of sympathy for those less fortunate than themselves.

MatteH

HAMISH_MCTAVISH wrote: »

And you know what, before this crash, I actually had some sympathy with the argument that upsizers universally benefit from house prices falling.

Except that is yet another myth that has been busted by this crash, one of many.

It turns out most upsizers have not ended up ahead after all.....

http://forums.moneysavingexpert.com/showthread.html?t=1824713&highlight=upsizers

Nor in fact, have many potential FTB's, as the higher bank margins have wiped out the gains from lower prices, and the higher deposit requirements have prevented many more from even buying at all.





And those in, or close to negative equity. And those close to LTV brackets who could benefit from lower rates if prices rise. And those in, or close to retirement, who might want to downsize and release equity (a position almost all owners will be in eventually). And those who inherit a house from relatives. etc etc etc

In fact, a crash only benefits the few speculators who STR-ed, the few FTB's who can raise a huge deposit and stomach the higher bank margins, and a few upsizers who are making a big leap up the ladder. If they can get a mortgage to do so. (and many can't)



The desperation argument is a total red herring, designed to distract from the real debate and try to discredit opponents. It is a classic example of fallacy ad hominem.

Ah, basing all your 'facts' on whatever specific point in time supports your viewpoint.
Anyone upsizing in the early 1980's, mid 1990's etc would have done very well out of it i.e. the babyboom generation

I expect once the current unsustainable stimuli of our economy stops, then the following collapse of the housing market will once again provide a lot of very cheap property post 2010-ish.

Possibly even cheaper than the mid 1990's & what a wonderful thing that would be for the future generation of FTB's. :T

DaddyBear

HAMISH_MCTAVISH wrote: »

November house price data now out for Registers of Scotland for actual sold prices.

Aberdeen:

November 2009 = £181,426, versus Nov 2008 price of £160,004 and now within 4% of the absolute peak in July 2007 of £188,925.

Also now higher than every month in 2007 except for July and Sept, and higher than every month in 2008 except for July.

Prices have increased by almost 10K since September, and this in what should be a declining seasonal trend.

:TZ




A dead on cert to cross peak in 2010 I reckon, and already significantly higher than when I bought.....


Edinburgh now at 213K, versus 230K at peak, also up dramatically from 196K in Nov last year.

More at the link..... www.ros.gov.uk

I'd be interested in your opinion on what will happens when a bubble is quickly re-inflated beyond the point when it burst? Your applauding of such rapid price rises really is short-sighted. The best bet for you is a long period of stagnation. If prices do recover and go above the peak, there is only one way for prices to go when normal Market conditions resume.
Yes, there may be a shortage of houses but there is a massive difference between desire and demand. Unemoyment, rising taxes, rising oil and fuel prices, public sector cuts and rising interest rates are all on the horizon. The higher the price rises now, the bigger the impact of these factors.

Oh and this data is from Scotland. Who gives a !!!!!!?

HAMISH_MCTAVISH

bernard_shaw wrote: »

Actual footage:

:rotfl:

Although I rather suspect this is closer to the mark.....;)

http://www.youtube.com/watch?v=1H9VY4N7g5o&feature=PlayList&p=FC34A68E207570CF&playnext=1&playnext_from=PL&index=38

rictus123

Whats with so much hate here, voice you opinions yes, but dont start insulting each other? Keyboard gangsters are a bit sad tbh.

Radiantsoul

rictus123 wrote: »

Whats with so much hate here, voice you opinions yes, but dont start insulting each other? Keyboard gangsters are a bit sad tbh.

You can't be letting people diss your hood.