Joy as West Midlands amongst price rise pacesetters

Batchy

If anyone actually thinks we will return to double digit house inflation, then they are living in cloud cuckoo land. Its quite funny, however, we are pretty much out of the crash, except now we have pent up demand, but no way to release it. The government doesnt want people saving for a deposit, they want people spending, as this helps growth, and keeps the flow of money going. So they are pushing for people to buy/sell ASAP.

Outlook for UK economy = DISMAL

A word I didn't think was in the vocabulary of economists. Highly likely following the election that there will be round two of the recession. Labour are fighting fire with fire at the moment, and feeding the fire, to keep the candle burning so they can get to the 6th May with a little credibility. After May 6th, all hell is going to be unleashed and MAJOR cuts will come we will be ireland and greece situation all over again. Unions have been getting in while the goings good, and labour are still in power. They know what is coming, and it wasn't going to be payrises.

The new party will put right all the wrongs, with probably some new wrongs, and completly move the goal posts AGAIN.

Then we have another round of the cycle...

Harry_Powell

Batchy wrote: »

If anyone actually thinks we will return to double digit house inflation, then they are living in cloud cuckoo land.

The average house price in my area (Outer London) has increased by 11% since I bought last year, according to the Land Registry figures.

lemonjelly

Thrugelmir wrote: »

I assume this excludes Wolverhampton ...........

(Apologies to anyone who lives there and resides on this forum).

Hey!

& there was me thinking it was all the MSE-ers wanting to get closer to the jelly...

twadge_face

Hmm... So a local newspaper which relies on income from advertising - specifically advertising from estate agents - reports this as "joy"... Yes, I can see estate agents rubbing their hands with glee!

What a load of tosh.

There's a reason why these local rags are ignored and as about as newsworthy as the rag I pulled from my bottom this morning (and full of the same content).

Batchy

Harry_Powell wrote: »

The average house price in my area (Outer London) has increased by 11% since I bought last year, according to the Land Registry figures.

Well done, you must be very happy the cost for you to move house has increased in your area.

Besides that, if I brought last year, i'd be quite happy with myself, as I wouldn't be moving for quite a while, but personally still looking for the perfect house, at the right price.

carolt

Turnbull2000 wrote: »

I haven't bought. And don't plan to any time soon. That post was intended to highlight current sentiment and a media slant that's practically identical to the boom i.e. nothing has been learnt and the media haven't changed. And that we've returned to double digit HPI and positive sentiment is an undeniable fact.

It's rather hypocritical of you to accuse someone of pushing one side of the argument. As for questioning my intelligence, well, that says it all.

We've returned to double digit HPI? You really believe that?

I didn't question your intelligence before - I DID question your integrity.

If you really believe the double-digit HPI thing, then, yes, I do question your intelligence and possibly your sanity.

No offence, but I just cannot conceive how you see that as a future trend given the state of our economy, given that interest rates can go only one way, given that measures to protect homeowners are due to end and the money/political will to continue them will just not be there after the election. I could go on.

This has nothing whatsoever to do with some fictional bear/bull divide. I can assure you I was 100% bullish about house prices in the late 90's and early 2000's (though was not then in a position to buy). I now think house prices have somewhat further to fall. This is just simple common sense.

Thrugelmir

lemonjelly wrote: »

Hey!

& there was me thinking it was all the MSE-ers wanting to get closer to the jelly...

I heard that there are more empty retail units than occupied ones in the town centre now. Is this the case?

Harry_Powell

Carolt is spoiling for her monthly fight again. I do wish she would stop using MSE as an executive stress toy...

Batchy wrote: »

Well done, you must be very happy the cost for you to move house has increased in your area.

Besides that, if I brought last year, i'd be quite happy with myself, as I wouldn't be moving for quite a while, but personally still looking for the perfect house, at the right price.

I was simply responding to your assertion that we hadn't seen double digit HPI, I didn't comment on whether I thought it was a good or bad thing. Put your dummy back in, baby.

Graham_Devon

Harry_Powell wrote: »

Carolt is spoiling for her monthly fight again. I do wish she would stop using MSE as an executive stress toy...



I was simply responding to your assertion that we hadn't seen double digit HPI, I didn't comment on whether I thought it was a good or bad thing. Put your dummy back in, baby.

You are forever picking up on posters. Saying that it's such a shame MSE has gone this way. Always coming on to threads, saying others are spoiling it, absolutely desperate to think you have wound someone up to get a response.

Yet what do you do after all this moaning and whingeing, singling out posters that are spoiling threads, looking for fights?

Respond to another poster calling them a baby and to put their dummy back in.

It's pretty obvious you are only sitting there trying to wind people up, yet complaining loudly, and constantly about the exact same thing.

Turnbull2000

carolt wrote: »

We've returned to double digit HPI? You really believe that?

I didn't question your intelligence before - I DID question your integrity.

If you really believe the double-digit HPI thing, then, yes, I do question your intelligence and possibly your sanity.

LGH Index is up 7.4%. FT Index is up 13.4%. Land Reg is up 7%. Nationwide is up 9%. London LGH Index is up 10.6%. London Land Reg is up 10.6%. London Nationwide is up 15.7%.

Double digit HPI has returned to London, and the UK indexes are edging closer (though one is already there).

carolt wrote: »

No offence, but I just cannot conceive how you see that as a future trend given the state of our economy, given that interest rates can go only one way, given that measures to protect homeowners are due to end and the money/political will to continue them will just not be there after the election. I could go on.

This has nothing whatsoever to do with some fictional bear/bull divide. I can assure you I was 100% bullish about house prices in the late 90's and early 2000's (though was not then in a position to buy). I now think house prices have somewhat further to fall. This is just simple common sense.

How far forward do you define a "future" trend? It's certainly a current trend, and I see no reason for it not to continue in the short-term. Longer-term, nominal prices falls will likely be minimum as government efforts to restrict reposessions continues and a widespread reluctance to sell below peak prices remains. You have to remember that past crashes have been largely inflationary and hid the losses from sellers. That doesn't apply any more. Losses need to be nominal. And without a mass of forced sellers or another major economic shock, we're unlikely to see another major downturn in house prices until the next economic cycle in 10-15 years IMO.

As for interest rates, they won't be rising fast for a very long time. The political pressure it too great. The threat to the housing market it too great. And when they do, again, steps will be taken by the government to prevent mass forced selling and downward pressure on prices.