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Debate House Prices
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Express - HOUSE PRICES SET TO SOAR
Comments
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b*llocks.....house prices have out risen wages
And if they continue to do so.....people will be sat in their million pound house's wondering why they can't sell it.
People renting won't be able to afford the rent as BTL landlords raise their rent.
You really don't get it, do you?:eek:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »You really don't get it, do you?:eek:
No I don't get...if all house prices rise they you are no richer than you was before unless you are selling and not buying again.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
Turnbull2000 wrote: »http://www.express.co.uk/posts/view/172842/House-prices-are-set-to-soar
The Express stays true to form as always, whereas Channel 4 report this prediction in a less sensationalist manner. Either way, headlines and reports like this can only tip sentiment and prices expectations in one direction.
http://www.channel4.com/news/articles/uk/house+prices+will+increase+by+5/3634397
So how long will this new upward phase last? The last one was 13 years following the early 90's crash. The 2008 crash was relatively short, leaving prices somewhat higher than expected - so we're already starting from quite a high point. Both Labour and Tories have pledged to push shared-ownership quite hard if elected, but I can only see this being effective i.e. pushing up prices, if the government is willing to subsidise old build as well as new.
"Lets print a "good" news story. Hopefully it will sell some extra papers"0 -
HAMISH_MCTAVISH wrote: »Unemployment rose all last year, as did house prices.
But surely you agree that there must be some inverse correlation between them?In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
hahaha, it's about me now - it's gone from you telling us all that house prices haven't gone up, to you telling us that RICS are the only people worth listening too, to me showing that you choose your sources selectively to make a point and that all of the indexes are telling us the same thing and now it's about me accusing you of not having a clue. paranoid much or don't you have anything to back your point up?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.0 -
maybe in the last 10/15 years but what happened before that - the opposite. wages rose more than house prices... look at the last 30 years to prove that point..b*llocks.....house prices have out risen wages
everything has to correct and and corrections in markets happen in cycles.
the last correction was in 20080 -
HAMISH_MCTAVISH wrote: »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.
A fall in the number of sales of about 30% especially when the numbers of sellers are rising by as much as they are does not suggest to me the housing market is well on the way to recovery.
The suggestion are that April has been a poor month for house sales will have to wait I suspect for approvals for May to be certain.0 -
hahaha, it's about me now - it's gone from you telling us all that house prices haven't gone up, to you telling us that RICS are the only people worth listening too, to me showing that you choose your sources selectively to make a point and that all of the indexes are telling us the same thing and now it's about me accusing you of not having a clue. paranoid much or don't you have anything to back your point up?
Maybe you can show me where I have said house prices have not gone up and where I have said RICS are the only people worth listening to? There are lots of things out there. As for house prices I have always said that its difficult to gain alot from their figures because they are only based on mortgage approvals and therefore do not take into account how many people can't sell. No doubt prices have risen since Jan 20090 -
My gut feeling is house prices will bomb after the election - no links or proof, just a gut feeling!0
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No I don't get...if all house prices rise they you are no richer than you was before unless you are selling and not buying again.
The following groups of people are better off with rising house prices:
The many millions with less than the 40% equity needed for the best rates who will need to remortgage.
The million or so people who were in negative equity a year ago.
The many millions of people who are in their "family" home and whose next move will be to downsize.
The many millions of pensioners who would like to leave a nest egg to their children.
The couple of million people who own multiple properties.
On the other hand, a few hundred thousand potential FTB's would like house prices to fall........:cool:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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