House prives to rise by 10% each year: Nationwide report out today!

stueyhants

chucky wrote: »

but this article is saying that HPI could be 10% year on year in Feb 2010 - are you saying that it can't be the case?

is certainly a possibility - don't you agree?

I think we both know who Joeskeppi was refering to with his qoute and it wasn't this article.


As for double digit by Feb, it's looking very likely.

stueyhants

HAMISH_MCTAVISH wrote: »

Good idea.

So I suppose all the Capital Economics and Moneyweek pundits should be down at the job centre by this time next week......

I agree. On this board we can have fun arguing all we like. However if your getting paid to make predictions and your wrong, then your rubbish at your job and you should be fired.

To be fair, I was rubbish at predicting during 2009, possibly my view were too heavily swayed by the HPC hardcores, but then I'm not expecting to get paid for it.

nollag2006

I thought that horsey bird with the bad teeth and the double barrelled surname bought recently? A more cynical mind than mine would say that might explain why that publication has become less bearish

nollag2006

nollag2006 wrote: »

... horsey bird with the bad teeth and the double barrelled surname ...

Not this one ...

System

stueyhants wrote: »

I think we both know who Joeskeppi was refering to with his qoute and it wasn't this article.

Don't take it personally, unfortunately you're not the only one who thinks anyone who has got anything wrong ever should not be listened to.

PasturesNew

HAMISH_MCTAVISH wrote: »

In fairness, the government will pay the mortgage if they lose their jobs too.

That's mostly for people with children, if you look into the small print, then people without kids can quite often s0d off.

doire_2

Look at the headline

House prices could rise by 10% a year

:rotfl::rotfl::rotfl::rotfl:

More ramping by the usual suspects:rotfl::rotfl::rotfl:

And whats going sustain this 10% year after year rise?

HammerSmashedFace

Every issue that you can talk of has a limit, the limit for house prices was breached in 2007, since then we have had a huge fall in prices, down 22.5% at one point. The gains since that 'low' are on the back of QE, low IR's, devaluation of the pound and low transactions.

All policies that are unsustainable over the medium term nevermind the long term, which when taking out a mortgage is where you want to be looking. 'Normal' house price growth is impossible and unsustainable without large growth in wage inflation, this is an unlikely event in the forseeable future.

chucky

doire wrote: »

Look at the headline

House prices could rise by 10% a year

:rotfl::rotfl::rotfl::rotfl:

More ramping by the usual suspects:rotfl::rotfl::rotfl:

And whats going sustain this 10% year after year rise?

you didn't read the article did you???
have a read of it before you embarrass yourself even more...

House prices could rise by 10% a year

The Nationwide believes this figure will rise above 10 per cent in February for the first time since May 2007.

are you saying that they can't get be 10% YOY???

puddy

PasturesNew wrote: »

That's mostly for people with children, if you look into the small print, then people without kids can quite often s0d off.

its only the interest anyway and only after a certain time, i would worry about whether my mortgage company would not allow me to get into arrears for the length of time i would need to wait before the scheme checks in