MSE News: Nationwide: House prices creep up 0.7% in March

ManicMum

Love that graph. Not seen it before. Hilarious!:rotfl:

doire_2

Really2 wrote: »

But who has said prices are going to take off. I have been saying for months now we have most probably seen the nominal bottom and we are going in to stagnation. (yet I am still a bull??)
So I fail to see a reason for the :rotfl: as you are simply agreeing that in reality the "crash" is over and any falls now are likely to be in "real terms" not nominal.

No. The crash will take hold after the election. There are no ideas and no money left.

Really2

doire wrote: »

No. The crash will take hold after the election. There are no ideas and no money left.

So why quote the nationwide then?

Dan:_4

doire wrote: »

No. The crash will take hold after the election. There are no ideas and no money left.

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

Feb 2009: Dont take any notice of one month, the trend is still downwards
May 2009: A brief spring bounce, normal service will resume this summer
Sep 2009: Wait until the long dark winter months take hold
Dec 2009: The Crash will resume after Xmas
Mar 2010: The crash will take hold after the election

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

ruggedtoast

Dan: wrote: »

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

Feb 2009: Dont take any notice of one month, the trend is still downwards
May 2009: A brief spring bounce, normal service will resume this summer
Sep 2009: Wait until the long dark winter months take hold
Dec 2009: The Crash will resume after Xmas
Mar 2010: The crash will take hold after the election

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

Remember Dan, hubris can be a dangerous thing. Be careful that it is not you on the receiving end of a nasty smiley.

In any case over use of these symbols reduces your pedigree in the wider internet community at large.

Dan:_4

ruggedtoast wrote: »

Remember Dan, hubris can be a dangerous thing. Be careful that it is not you on the receiving end of a nasty smiley.

In any case over use of these symbols reduces your pedigree in the wider internet community at large.

Considering the audience, im not too concerned.

DaddyBear

Blacklight wrote: »

or they feel they're owed a fortune for nothing.

As opposed to those who have already made a fortune for nothing thanks to rampant HPI.

Blacklight wrote: »

Touch a nerve?

Not really, just trying to re-educate the stupid.

Blacklight wrote: »

It's clear you agree that house prices only go one way.

Yes, down..... glad we agree.

Blacklight wrote: »

Smacks of someone looking for a trough to make a quick buck.

:rotfl::rotfl::rotfl::rotfl:
Wow, with judgement like that I'm amazed you manage to get dressed in the morning.

Blacklight wrote: »

At the expense of hardworking families just trying to get on with their lives it does seem a bit selfish.

You mean the hard-working families who have accumulated unearned wealth in their houses and then used them as a cash machine?? No sympathy.
I'm talking about the hard-working families where both couples work full time, they live in an ex-council shoe box and have children who hardly see their parents. HPI benefits all.

ruggedtoast

Dan: wrote: »

Considering the audience, im not too concerned.

I see Dan. Well then, there is nothing more to say on this matter.

Emy1501

Really2 wrote: »

But who has said prices are going to take off. I have been saying for months now we have most probably seen the nominal bottom and we are going in to stagnation. (yet I am still a bull??)
So I fail to see a reason for the :rotfl: as you are simply agreeing that in reality the "crash" is over and any falls now are likely to be in "real terms" not nominal.

NAEA figures this month suggests that the average EA only sells one in 8 properties each month. Therefore suggests that the vast majority of properties on their books have no real value as NW figures only relate to properties under offer.

With more and more people using their property as an investment tool there will come a time where people will need to release this investment and it will be at this time we will know the real value of property.

Mortgage approvals are half of what they were in normal times and there is only so long the market can work in this way.

DaddyBear

Dan: wrote: »

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

Feb 2009: Dont take any notice of one month, the trend is still downwards
May 2009: A brief spring bounce, normal service will resume this summer
Sep 2009: Wait until the long dark winter months take hold
Dec 2009: The Crash will resume after Xmas
Mar 2010: The crash will take hold after the election

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

It is humerous, however, each prediction about house price drops are made on the assumption that the government surely wont screw the country over further just to protect house prices. However, we have underestimated this governments determination to keep house prices up, even if everything else is collapsing.

ZIRP
Stamp Duty holiday
Quantitive easing
Deliberate currency devaluation
More quantitive easing.... don't worry about inflation
Mortgage payment scheme
Even more quantitive easing..... inflation is high, but it's expected so that's ok.
Another stamp duty holiday

I dread to think what the next step is.