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Debate House Prices


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Land registry 0.2% down MOM, 1.5% UP YOY.

1246712

Comments

  • cepheus
    cepheus Posts: 20,053 Forumite
    Don't they need to be rising at 5% a year to stay even with inflation? So that means they are falling at around -7.4% a year in real terms.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    cepheus wrote: »
    Don't they need to be rising at 5% a year to stay even with inflation? So that means they are falling at around -7.4% a year in real terms.

    RPI inflation was 4.8% last year. So whilst the price has increased by 1.5% in a year they are actually worth 3.3% less.
  • tamrick
    tamrick Posts: 10 Forumite
    Land Reg have quietly revised last month's figures down to -0.9%. This month's figures are actually -0.6% on last month's headline figures.
  • Batchy
    Batchy Posts: 1,632 Forumite
    AndyGuil wrote: »
    RPI inflation was 4.8% last year. So whilst the price has increased by 1.5% in a year they are actually worth 3.3% less.

    yes But what is keeping pace with inflation
    had a go at equities and realised there is no earnings without excessive risk
    left it in a bank got 1.2% gross for a bit, along with a 10k in ISA's that got about 2.5% average on that 10k...ALL LOSING PACE WITH INFLATION.
    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)
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Batchy wrote: »
    yes But what is keeping pace with inflation
    had a go at equities and realised there is no earnings without excessive risk
    left it in a bank got 1.2% gross for a bit, along with a 10k in ISA's that got about 2.5% average on that 10k...ALL LOSING PACE WITH INFLATION.
    Shares, gold, oil, funds etc. Now is not a good time to keep money in banks. Investing is the best way to keep savings safe from inflation.
  • Batchy
    Batchy Posts: 1,632 Forumite
    1.5% of the property value is (principle private residence) tax free gain.

    And its actually earned over 10% off my initial investment whooo hooo.

    Thank you Mr GB-UK.

    ie, 24750 deposit, return is 1.5% of total property value ie... 2.5k (ish) thats 10% return ... NET (but only when its SOLD) but why? why would I sell?

    please dont talk the inflation up, because the only hedge against inflation IMO is property... once the short term NOISE is evened out!
    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)
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Batchy wrote: »
    please dont talk the inflation up, because the only hedge against inflation IMO is property... once the short term NOISE is evened out!
    So when the £ value decreases property values increase? Those items I listed previously can keep savings independent and can even exceed inflation.
  • Batchy
    Batchy Posts: 1,632 Forumite
    AndyGuil wrote: »
    Shares, gold, oil, funds etc. Now is not a good time to keep money in banks. Investing is the best way to keep savings safe from inflation.

    You think i dont know this... what part of... i tried but failed dont you understand? I lost 50% of my investment, will i be going down this road again... yes, but not with my house deposit, with my pension, which has time to grow regardless.

    You invest in gold... who brings it round your house?... your investing in paper... your GAMBLING... thats it.
    Your better off buying antiques.

    You invest in oil... imagine joining the band wagon in 2008 when it shot up high up to what was it ... $150 per barrel... i bet the traders were all selling at this point, letting mugs like you take the fall all the way down to $50 per barrel.

    Funds... the only winners overall are the management companies, the dealers, and the insurance companies.
    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)
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Round my way, new houses for sale are coming onto the market for less than equivalent houses that are already on sale.


    Just use your own eyes rather than rely on some liar or thief to tell you what is happening.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • Batchy
    Batchy Posts: 1,632 Forumite
    AndyGuil wrote: »
    So when the £ value decreases property values increase? Those items I listed previously can keep savings independent and can even exceed inflation.

    I really havent got time to explain it to you Mr. I'll let you figure it out.
    Can you live in GOLD, enjoy OIL, play with equities?

    lol... everyone on this forum takes everyone else for a mug.
    I think ive posted my last post on the economy/houseprice forum.

    Some of the richest people in the world are property owners/land owners... THEY STOPPED BUILDING LAND A LONG TIME AGO.
    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)
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