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Debate House Prices
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RICS: Prices Rising or Stable in 75% of country
Comments
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From the first line of the report. The 2nd part of the crash is well underway.HAMISH_MCTAVISH wrote: »0 -
come on Hamish play fair... i know you want to get the Most Popular Poster on MSE for 2010 but these types of threads aren't totally accurate...
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come on Hamish play fair... i know you want to get the Most Popular Poster on MSE for 2010 but these types of threads aren't totally accurate...
Actually it is totally accurate.....While 64% of those surveyed had not seen any change in local house prices during the preceding three months, those who had seen rises - 11% - were outnumbered by the 25% who had seen prices drop.
64% stagnant + 11% rises = 75% stagnant or rising.:D“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 -
fair enough but 25% negative is more than it was last month.HAMISH_MCTAVISH wrote: »Actually it is totally accurate.....
64% stagnant + 11% rises = 75% stagnant or rising.:D
it's no where near crash material like the frothers hope/wish for but you're clever than that - don't lower yourself to the levels of the HPC ghetto.0 -
Problem with the article, is 25% see falls, 11% see rises, 64% no change...
Hardly sensational, in all fairness about the way id read it, yes there are falls, these properties are not selling as they have been on the market for 2 years, they need bigger than 5k falls to sell. Ones priced to sell, SELL. But people are not rushing for the doors TO SELL. They are sitting and waiting on their 0.64% base rate tracker, paying 150pm mortgage... no rush yet, not much likelyhood of a rate rise all that soon.
Still doom and gloom this morning about double dip...Although no reports on inflation, cost of things rising, just wheat... and fuel!Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Why is house price rises good news? House prices need to fall substantially to give young people and other first time buyers a chance. I am not saying that they will fall, but I hope they do.I used to think that good grammar is important, but now I know that good wine is importanter.0
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Problem with the article, is 25% see falls, 11% see rises, 64% no change...
Hardly sensational, in all fairness about the way id read it, yes there are falls, these properties are not selling as they have been on the market for 2 years, they need bigger than 5k falls to sell. Ones priced to sell, SELL. But people are not rushing for the doors TO SELL. They are sitting and waiting on their 0.64% base rate tracker, paying 150pm mortgage... no rush yet, not much likelyhood of a rate rise all that soon.
Still doom and gloom this morning about double dip...Although no reports on inflation, cost of things rising, just wheat... and fuel!
This piece in the Independent explains the sgnifcance for the author. I'm slightly dubious that 18 months of house price changes can be extrapolated from this one report. You never know though.0 -
You consistently post between midnight and 6am. Out of curiosity, how much of your 'working day' is spent on MSE and HPC?
I would have thought that between midnight and 6 am is not part of Hamish's 'working day' unless he's on night shidt, but that's not a day is it?
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
HAMISH_MCTAVISH wrote: »Wow, aren't you being a sad sack of !!!!!! this morning..... First the duplicate thread and now this delightful little ad hominem.
Chin up, old boy.
Only another decade of scrimping and saving and you might be able to move out of your rented bedsit.:rotfl:
I think you hit a nerve there HPC
Looks like Hamish is a debt slave
:cool:
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