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Debate House Prices
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Land Reg Nov -0.6%
Comments
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:rotfl::rotfl::rotfl:Yes he was genius. Spamish was clearly making reference to the 2009 trough. And so - gasp shock horror - was I.
You were, please show the % drop required to go below the Feb 09 LR trough then.
I gaurantee it's not the exagerated 25% you statedIt certainly does genius. Cos then you wouldn't be making a spacker of yourself with spacker comments like the above.
Don't you just LOVE (thought it might be good for you to put it in red and bold. You might get a little premature ejaculation out of it)the geneer factor.
You should be on stage your that funny:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Not sure why this is still being discussed. Prices maybe stagnating around the 160k mark, but approvals are 'off' well over 50% on the average of the last two decades and show no signs of going up.
This says one thing, the housing boom was caused by bad lending, bad borrowing and very poor IR decisions. the bad lending and borrowing have been stopped in their tracks hence the collapse in approvals.
Only low rates are stopping a capatulation of the market as there are few forced sellers at this time. House prices are still way over valued but as long as these rates can be maintained there will be no crash. On the otherhand if rates rise back to normal levels the market would fall off a cliff, this will be avoided at all costs as we are currently seeing (base rate 0.5%- inflation 8x higher)Have owned outright since Sept 2009, however I'm of the firm belief that high prices are a cancer on society, they have sucked money out of the economy, handing it to banks who've squandered it.0 -
Not sure why this is still being discussed. Prices maybe stagnating around the 160k mark, but approvals are 'off' well over 50% on the average of the last two decades and show no signs of going up.
This says one thing, the housing boom was caused by bad lending, bad borrowing and very poor IR decisions. the bad lending and borrowing have been stopped in their tracks hence the collapse in approvals.
Only low rates are stopping a capatulation of the market as there are few forced sellers at this time. House prices are still way over valued but as long as these rates can be maintained there will be no crash. On the otherhand if rates rise back to normal levels the market would fall off a cliff, this will be avoided at all costs as we are currently seeing (base rate 0.5%- inflation 8x higher)
I think the base rate has more to do with the governments debt than the inflation rate.
To an extent, inflation could be seen as a good thing as it devalues the extent of the debt.
It remains to be seen if base rates of 5% would cause the market to fall off a cliff. Many people have benefited and rapidly reduced their mortgage levels with the benefit of the lower rates.
The longer this continues, the less likely people will be at risk.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »You were, please show the % drop required to go below the Feb 09 LR trough then.
Why would I do that.
No ones talking about it but you.IveSeenTheLight wrote: »I gaurantee it's not the exagerated 25% you stated
:rotfl::rotfl::rotfl:Who stated that.
You absolute spacker!0 -
REAL_MEN_DONT_RENT wrote: »No crash then.
Indeed not. In fact if you lived in Edinburgh (as Geneer does) you would be £60k down if you could have bought in 2005 and didn't.0 -
£60k?????Indeed not. In fact if you lived in Edinburgh (as Geneer does) you would be £60k down if you could have bought in 2005 and didn't.
i can understand why he's bitter and feels the need to post on lots of different forums to try and stop people buying a house.
don't worry geneer, you're not alone. there's a few others on here in the same boat as you..0 -
£60k?????
i can understand why he's bitter and feels the need to post on lots of different forums to try and stop people buying a house.
don't worry geneer, you're not alone. there's a few others on here in the same boat as you..
Yep, at the moment he's busy rewriting history on all the sites. Up until last year it was generally accepted that he "coulda, woulda, shoulda" bought in 2005 - then in December he suddenly discovered he coulda only bought in Jun to Dec 06 because he's so indecisive and this would have delayed things. He is actually pretty good on the cartoons though (baby Geneer "You can only be good at one of the following, take your pick. Making decisions that will affect your financial future or constructing cartoons to put on a website"). "Well God, that's a difficult choice....".0 -
HAMISH_MCTAVISH wrote: »The ongoing discrimination against FTB's by the banks.
Mortgage rationing hurts the young and the poor the worst.
The monster needs feeding. Please feed the monster.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
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