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Debate House Prices
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House prices down 0.9% Nationwide report out
Comments
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I think the way HPI is at the moment, the term 'a house is for living in' is more true than ever.
If prices would just drop a liiiiittle bit more just for me, after that they can continue stagnating for all I care.0 -
I think the way HPI is at the moment, the term 'a house is for living in' is more true than ever.
If prices would just drop a liiiiittle bit more just for me, after that they can continue stagnating for all I care.
I`ll see what I can do.
30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
What happened to your favourite word "context" graham? how are you judging people are now in fear from the comments on here and the graph.
Desperate to start an argument by making out people are now in fear.
Why do you need to do it on every release of data?
I avoided this today as you say I start the arguments, the above seems to disagree.:)
Can't one even reply tounge in cheek, to a tounge in cheek posting of a graph now?
Howcome when Hamish does EXACTLY the same, you thank him? (as I did).
Starting an argument, lol, alrighty chap...now get of me ankles.
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Like I said I am not going to bother today rising to it.Graham_Devon wrote: »Though we appear to be seeing fear
is clearly to get a reaction, I was not the only one to spot that.
PS I thanked Hamish as he posted a reply without saying something like the above at the end.
Is that OK?0 -
I have a feeling that distressed sales may increase when the current 6% interest paid by the government to help out people who are out of work drops to just over 3%. It think it is currently not a bad earner for some.0
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Of course during the previous downturn the Govt produced a deus ex machina with massive QE and a huge fiscal deficit and maybe they have something else up their sleeves - may be negative interest rates?
I think this is key to everything.
Bulls and bears alike can predict, or think anything may happen. But when the government / BOE pull round 2 of QE out of the bag, or pull something out from their sleeves, the whole game changes.
There was something interesting I was listening to the other day, and it was also mentioned on here. Banks were holding out from reposessing, with plans to reposess once prices were higher. What are banks going to do now? Hold out again? Or cut their losses with the trend now being down?
Again, just the banks changing their tactics can change the whole scene. Sellers and banks alike, have all been holding out for higher prices.0 -
Graham_Devon wrote: »Can't one even reply tounge in cheek, to a tounge in cheek posting of a graph now?
Howcome when Hamish does EXACTLY the same, you thank him? (as I did).
Starting an argument, lol, alrighty chap...now get of me ankles.
Is a tounge like a front room?0 -
ruggedtoast wrote: »Thats out of order.
Why would the idea of someone getting into negative equity make you happy?
Its as bad as Hamish Mctavish gloating about people being priced out.
It's ok. sarkin1 was wrong twice in the same gloat. His first mistake was thinking that the notional value of my house had any bearing on the mortgage repayment. It doesnt. The second mistake was stating that a 0.9 drop in the notional value of my house was larger than my mortgage repayments. It isnt. I repayed £30k on my mortgage this year, which represents 6.67% of my house value and 10% of my mortgage value.. We would have to see significant drops before they overtook my mortgage repayments.
It appears that in his rush to gloat at another persons circumstances, Mr sarkin1 has made a bit of a fool of himself.
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Like I said I am not going to bother today rising to it.
is clearly to get a reaction, I was not the only one to spot that.
PS I thanked Hamish as he posted a reply without saying something like the above at the end.
Is that OK?
Oh give up you crazed fool. You are simply looking for stuff now, while saying both times, you aint gonna bother?!?!
Hamish got it, and merely replied tounge in cheek back. I'd suggest you follow his lead instead of looking to create a huge fuss out of any word I say.0 -
Graham_Devon wrote: »Oh give up you crazed fool.
Any need???0
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