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Debate House Prices


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Land Reg Nov -0.6%

124678

Comments

  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    geneer wrote: »
    What if we look at it since autumn 2007? ;)

    What if we look at it from Jul 81?
  • geneer
    geneer Posts: 4,220 Forumite
    HAMISH_MCTAVISH wrote: »
    The ongoing discrimination against FTB's by the banks.
    Mortgage rationing hurts the young and the poor the worst.

    Snap:
    moralhighgroundwc7.jpg

    Give over Spamish. You care not a jot about poor young ftb's.

    Yours is just a rather histrionic way of saying "less competition for those with acceptable incomes and who have taken the time to prudently save up a decent deposit".

    Which lets face it is quite a good thing for those on decent salaries and who've prudently saved a decent deposit.
  • geneer
    geneer Posts: 4,220 Forumite
    Pimperne1 wrote: »
    What if we look at it from Jul 81?

    Give it time pimp. ;)
  • FATBALLZ
    FATBALLZ Posts: 5,146 Forumite
    HAMISH_MCTAVISH wrote: »
    The ongoing discrimination against FTB's by the banks.

    Mortgage rationing hurts the young and the poor the worst.

    Not to mention people who make outlandish predictions about house prices rising out of all proportion for years to come.
  • Emy1501
    Emy1501 Posts: 1,798 Forumite
    These figures run about 2 months behind Haliwide so we won't get a true reflection till Feb-March next year. Seems to be starting to follow the Haliwide trend of slight falls towards the end of year but who know what the new year will bring. Suspect the number and keenness of sellers in the first few months of next year will set the trend.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    myhouse wrote: »
    Rationalisation, rather than discrimination. You can't lend money you don't have indefinitely. And if you give out more money than you have over 10 years, you need to give out less for a while to make up for it.

    Whether mortgage rationing hurts the young and poor depends on whether you think it's better for the young to wait till prices fall back to long-term averages or to be lent lots of money just before they fall back to long-term averages.
    House prices are at the long term average, 2.9% inflation per year.

    It was wages that never went up.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    geneer wrote: »
    What if we look at it since autumn 2007? ;)

    What if we go back to any time before June 2006.
  • geneer
    geneer Posts: 4,220 Forumite
    ukcarper wrote: »
    What if we go back to any time before June 2006.


    Yeah. Cos you guys hardly ever do that! :rotfl::rotfl::rotfl:
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    geneer wrote: »
    Yeah. Cos you guys hardly ever do that! :rotfl::rotfl::rotfl:

    What do you mean by you guys I don’t know what property prices will do?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Lennys_Shinpad wrote: »
    Once the prices come down, the young and the FTB (including myself) will be able to buy a property without mortgaging themselves up to the hilt.

    You know it.

    No you won't.

    Chances are you'll be outbid by investors as high rents attract an inflow of capital.

    Nominal prices are unlikely to fall significantly, and certainly not below the levels seen in Feb 09.
    “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”
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