House prices set to surge

Exocet

HAMISH_MCTAVISH wrote: »

Nobody reads past the thread title anyway, according to carol...:D

I don't even get that far. Just check the poster. Hamish - no, Hamish - no, Hamish - no, Malcolm - maybe, Pastures - deffo and so on.

edit: I made an exception in this case just to come on and insult you.

HAMISH_MCTAVISH

Exocet wrote: »

edit: I made an exception in this case just to come on and insult you.

And just when your rehab seemed to be going so well on the other thread.

Oh well, back to step one for you.....

chucky

Procrastinator333 wrote: »

So what do you think the full year YOY growth wil be for the Nationwide and Hali then?

no idea really - i guess they'll be flatish or about +3 on Nationwide and flattish or -3% for Halifax.

Procrastinator333

chucky wrote: »

no idea really - i guess they'll be flatish or about +3 on Nationwide and flattish or -3% for Halifax.

Something like that is my guess for this year too, I guess I'm just being a pedant, but that doesn't really tie with your comment that prices will surge.

chucky

Procrastinator333 wrote: »

Something like that is my guess for this year too, I guess I'm just being a pedant, but that doesn't really tie with your comment that prices will surge.

you're not being a pedant at all. you're being absolutely normal...

lots of crazy comments on here don't tie in with reality - i thought i'd do the same

treliac

Bullfighter wrote: »

Well, since Spain won the World Cup and Wimbledon and the name of Bullfighter, I'm off to buy me some off-plan property in the Costa Del Sol...prices must be taking off over there!!!

........................

nearlynew

I read the whole article posted in the OP.

What I find funny is a website called "lovemoney" is celebrating the prospects of house prices rising and implies that falling house prices is bad news.


They love money so much, they want to give more of it away to pay more for more expensive houses.

Crazy.

Blacklight

Chaos_A.D. wrote: »

Yep, 86000 sales versus less than 50000 approvals (and once again falling), sound sustainable to you ?, that something with a 165k average cost is made up of around 40% cash buyers ? I'd suggest it isn't.

I don't think the two things necessarily relate to the same month. One figure is mortgage approvals the other is completions. How many people get approval in principal and complete in the same monthly accounting period?

Apples with apples.

Blacklight

Chaos_A.D. wrote: »

If you were 18 and just starting off in life would you feel the same way ? I suggest that about 75% of the people who are 45+ living it up in a nice big house with a lowish mortgage would be renting a 1 bed flat for the rest of their lives if the only thing that changed in their life is they were born 25 years later.

If I was 18 I wouldn't be looking to buy a £160k+ property. I'd be out there looking to start out on a career to give me the stability to make a serious financial commitment.

The reason house prices are what they are is that there are equal number of people who apply themselves and get on with life to homes for sale for those people.

There are also people who plod though life flipping burgers and complaining they can't buy a family home for 3x £12k. Or better still get it handed to them on a silver platter free of charge.

HAMISH_MCTAVISH

Chaos_A.D. wrote: »

If you were 18 and just starting off in life would you feel the same way ?.

If I was 18 and on 12K to 15K a year, I could buy a studio flat in an acceptable area within a 40 min commute of my city centre for £35K.

If I was in my 20's and earned the average wage, I could buy a 1 bed flat in the same area for 55K, or a 2 bed flat for 75K.

If I then earned more I could live closer in to the city, or buy a bigger place.

In all these cases, HPI would help me to reduce my mortgage costs and increase equity.

And yes, we could afford to buy either of our houses now if we had to do so again.