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Debate House Prices
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Nationwide - House Prices Edge up
Comments
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Chaos_A.D. wrote: »TBH the falls were stopped in their tracks by banks not using their usual rules of repossessing and rock bottom IR's.
As far as I'm aware those two characteristics are still being used, the question is will they continue over the average lifetime of a mortgage.... I suspect not.
Silly bear. That's not the question.
The real question is will they continue until the economic recovery is fully embedded..... And that looks like a baked in certainty.If 'normal rules' were applied we'd have continued the trend downward,
Really?
Please point to all the times in previous crashes where the 'normal rules' made prices fall by more than 23%.
As you can clearly see, you just had by far the biggest crash in history. So please point out the historical precedent for your claim.
instead we have a rise in prices on a feeble amount of approvals.
Interesting choice of words.
One million sales a year is hardly "feeble".
In fact, given the mortgage rationing that has been in place, it's exceptionally good.“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 -
Blacklight wrote: »History would indicate another cycle of double digit rises peaking at 30% year on year once wages catch up a bit. I don't see it happening for a while but I'm certain it will in the latter half of the decade.
Sounds to me like this could be the buying opportunity of a generation. Hope the bears don't miss out on it again !
:beer:0 -
you keep on peddling this but you're always unable to answer the question...Chaos_A.D. wrote: »If 'normal rules' were applied we'd have continued the trend downward, instead we have a rise in prices on a feeble amount of approvals.
why are price rises now with the current number of approvals not good enough but when house prices were dropping with less approvals than now all the approval numbers were 100% correct all fine?
sounds like a bit things have worked out how you were expecting you're now claiming it wasn't fair.
hold on you've done this already - i missed the below post...Chaos_A.D. wrote: »TBH the falls were stopped in their tracks by banks not using their usual rules of repossessing and rock bottom IR's0 -
you really are a troll Brit - but i'll excuse you because at least you're not the brightest.:dance: Sorry but prices are actually falling :dance:
let's have a look at the last Nationwide quarterly report that covers the last 3 months. that's June, May and April...
http://www.nationwide.co.uk/hpi/historical/Q2_2010.pdfHouse prices in London increased by 2.5% in the second quarter of 2010, slightly weaker than the 2.7% rise last quarter. The annual rate of price growth moderated slightly to 13.2%, although London remained the top performing region (in terms of annual house price inflation).
so you're now going to tell me that house prices have been dropping for the last few months aren't you...
let's try and deal in facts here not your HPC cult rubbish.0 -
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Brit to be honest I don't think anyone with the funding in place to buy a house will be put off the idea by someone using comic sans font in their sig, ranting about the coming crash.0
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the best thing about Brit and his chums is that they come out with nonsense soundbites that when you challenge them with the real facts - they're unable to reply...you really are a troll Brit - but i'll excuse you because at least you're not the brightest.
let's have a look at the last Nationwide quarterly report that covers the last 3 months. that's June, May and April...
http://www.nationwide.co.uk/hpi/historical/Q2_2010.pdf
so you're now going to tell me that house prices have been dropping for the last few months aren't you...
let's try and deal in facts here not your HPC cult rubbish.0 -
StiflersMom wrote: »I know that around Isleworth way that house prices are up 5%+ since the start of the year, and there doesn't seem to be any slowing down f demand
House Prices - Isleworth
Apr 2009 Apr 2010 Change
Semi £301,050 £264,500 -12%
Terraced £321,180 £301,050 -6%
Flat £204,833 £213,843 +4%
All £277,217 £238,909 -14%
Detached houses are on the market for 9/10 months before selling.
http://www.home.co.uk/guides/house_prices_report.htm?location=isleworth&lastyear=10
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