Express - HOUSE PRICES SET TO SOAR

chucky

MrEnglish wrote: »

When I said that I meant pay cuts, we were talking about wages continue falling.

i didn't know wages were continuing to fall - they increased at about 2% in 2009.

Rinoa

You can't beat a good express headline. :rotfl:

Emy1501

chucky wrote: »

or you could accept the fact that every single house price index is showing the same trend or are all of the house price indexes wrong?

you can't go and say the Halifax is wrong when they all say the same thing


not too long ago you weren't a fan of the RICS report - have you changed now because it suits your viewpoint or you don't want to accept house prices may have risen.

you're going to have to get your story straight at some point... :eek:

and you weren't a fan of them here either...

I'm not interest in what RICS predict its hard facts ie. the number of surverys reporting rises is falling, the fact that sellers are increasing and a higher rate that buyers. As for Haliwide of course prices have been rising but these are based on people who can sell not on those who cant. The country is in a mess. All three of the parties have only announce 20-25% of the cuts/tax increase they have to make.

The reality the number of approvals these figures are based on is falling and way below they were 6 months ago but if you want to believe that prices are going to keep rising at the pace the express are saying then good luck to you.

The simple fact is all the bulls hang on the Haliwide figure and seem to ignore the bigger picture. Mr Kings talks about the next government being out for a generation due to the cuts/tax rises they will make. The euro zone falling apart but house prices will keep rising because he expresss say they were. As I have said before the signs were there back in 2007 way before Haliwide and I expect the express caught up.

chucky

Emy1501 wrote: »

The simple fact is all the bulls hang on the Haliwide figure and seem to ignore the bigger picture.

no, no, no. this isn't a bull vs bear competition as you're trying to make it.

you've ignored the big graph that i posted for you detailing that all of the house price indexes (not just the Halifax or Nationwide) have the same trend and tell us the same thing about house prices that they have gone up...

before you tell others about 'bigger pictures' you should really evaluate what the bigger picture is because the one you're looking at seems to be quite narrow.

reduceditem

I stopped reading at 'Express'.

HAMISH_MCTAVISH

Emy1501 wrote: »

Mr Kings talks about the next government being out for a generation due to the cuts/tax rises they will make.

And in the same breath, he talks about interest rates staying ultra-low for up to 4 years. Which would support housing.;)

The euro zone falling apart but house prices will keep rising because he expresss say they were. .

But it's not the Express saying it......

It's the CEBR, claiming 5% rises this year, 3.4% next year and 9% in 2012.... And I rather suspect they put a bit more research into it than the Express headline writers.;)

If this plays out as they expect, it would mean prices rising by almost 30% since the 2009 trough in just the first 4 years after the crash.

HAMISH_MCTAVISH

Emy1501 wrote: »

The fact they cant actually sell them will be seen as irrelevant!

70,000 managed to sell last month alone. More like 100,000 towards the end of last year.

It's not as many as at peak, but it's hardly insignificant.

Emy1501

chucky wrote: »

no, no, no. this isn't a bull vs bear competition as you're trying to make it.

you've ignored the big graph that i posted for you detailing that all of the house price indexes (not just the Halifax or Nationwide) have the same trend and tell us the same thing about house prices that they have gone up...

before you tell others about 'bigger pictures' you should really evaluate what the bigger picture is because the one you're looking at seems to be quite narrow.

Its is a bull V bear for people like yourself. Its all about we are going to be right and anyone who does not agree does not have a clue. Prices may keep rising but if you at date which may give an idea of future trends then these do not look good. Maybe down to the coming up election maybe down to people wanting to sell fed up of waiting who knows but there is nothing showing that the housing market is well on the way to recovery as one of guys in the article suggets. Its on shaky grounds at the moment at best.

AbbieCadabra

so where do these figures for wages increasing come from? i see 'average' this & that being quoted all over the place, but they are nothing like any figures i'm personally aware of.

we run a small business, we decreased all the hourly pay rates by 10% last summer due to a decrease in work. the situation is pretty much the same now & i can't see us making any increases in the wages for the forseeable future. if anything, it's looking like redundancies might have to be the next thing.

i 100% know we are not on our own in this predicament at the moment, nearly all of our contacts are struggling too. from the end of 2008 until the end of 2009, work almost completely dried up. there was a small pick up in orders for a few months at the beginning of this year, but everything has tailed off again in the past few weeks.

one of the main employers in our area has announced that they are closing, i think the immediate number employees affected was about 450 - there must be a 'knock-on' amount that that will be increased by.

the pretty coloured graphs clearly show what's happening with sold prices now, but how on earth can all this be ideal conditions for a 'boom'???

nickj_2

how do rising house prices benifit homeowners , i paid £57k for my house in 93 it's now "worth" £200k but that is of absolutely no benifit to me , all other house prices have gone up so if i wanted to move it wouldn't be of any use . the only people who will benifit are people inheriting houses from parents , people who probably paid too much for their house in the 1st place and are now in negative equity and those looking to downsize . we all know it's madness but no one is prepared to do anything about it