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Debate House Prices
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House Prices To Rise By 20%...
Comments
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Graham_Devon wrote: »The person chaos describes would still come out on top, even with all that you describe.
Is this a new level were hitting? Trying to spin that actually having a loan on your home is better than owning it outright?
Well Exocet was suggesting I should be doing a bit of mewing considering my mortgage rate is only 1.45% and spending it on a shiny red Ferrari
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Graham_Devon wrote: »I'm happy to believe prices are falling and you can all make out I'm a total dunce as much as you like for sticking to the simple facty that house prices ARE falling.
Halifax +0.6%
July house prices were up 0.6% on the month to stand up 4.9% on the year, reversing the 0.6% monthly fall seen in June.
Are you still happy sticking to your simple 'facty' there Graham?0 -
House Prices To Rise By 20%...
Only 19.4% to go......
“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 -
hahahaha another one of Brit's predictions completely wrong - 100% consistentShould hopefully have another negative Halifax figure this Thursday
do me a favour Brit - update the below please....Here you go :j
Nationwide
Mar + 1.0%
Apr + 1.1%
May + 0.5%
Jun + 0.1%
Jul - 0.5% :j:beer:
http://www.nationwide.co.uk/hpi/historical/Jul_2010.pdf
Halifax
Mar + 1.0%
Apr - 0.1%
May - 0.4%
Jun - 0.6%
http://www.lloydsbankinggroup.com/me...dexMay2010.pdf
Land Registry
Mar - 0.3%
Apr +0.2%
May - 0.2%
Jul + 0.1%
Acadametrics
Mar - 0.5%
Apr - 0.7%
May - 0.2%
Jun - 0.5%
http://www.acadametrics.co.uk/acadHousePrices.php
actually - i've just done it for you because i can't see you wanting to do that
Nationwide +2.20%
Halifax -0.10%
Land Registry -0.20%
Acadametrics -1.90%
where's your crash gone you numpty??0 -
I make halifax +0.5 on that list?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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And land registry May was revised to a positive, which he doesn't show either.“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 -
You bumped it but in the process you highlighted your maths fail
This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Graham_Devon wrote: »The person chaos describes would still come out on top, even with all that you describe.
Is this a new level were hitting? Trying to spin that actually having a loan on your home is better than owning it outright?
OMG, an open goal, and I slept right through it...
Graham, imagine yourself having bought a house, and slaving away for 10 years with every penny you earn being put aside to make overpayments.
And then the day after you make the final payment, you lose your job.
Hold that thought and imagine yourself having bought a house. And you slave away for 10 years and put every penny you have spare into an instant access savings account.
Who is in the better position to deal with 18 months of unemployment? And who is more likely to have to sell their house?
Sinking money into your house is generally a poor financial strategy. It is a highly illiquid asset and destroys your ability to weather other shocks, and if you, as you seem to, believe house prices are going to see a long term decline in real terms it's a foolish investment too (would you buy a savings product you believed would lose you money?)
So to answer your question, yes, in general having a loan on your house IS better than owning it outright.0 -
ahh yes... thank you
Nationwide +2.20%
Halifax +0.50%
Land Registry -0.20%
Acadametrics -1.90%
did i just bump this thread?
I think you did......
And did you correct for the land registry May revision upwards?“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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