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Debate House Prices
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Nationwide +0.5%
Comments
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Only 29%, is that all?? that puts another forum urban myth to the sword.Some interesting comments on the effect of potential rate rises..
Looks like the typical mortgage holder should be able to bear the cost of any increases in rates. It's suggesting 29% of pay to service a mortgage even if rises are fully passed on.
There's about 6 threads about this from the usual suspects trying to convince people not to buy just because they can't. Tragic.0 -
Yes it is disappointing.
Disappointing that we haven't seen a :beer: yet in this thread!
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Don't worry HP next month they might be down.RenovationMan wrote: »I cant say I care that much about house prices. I'm here for the interest rate discussions and general economy chats to pass the time while I work away at my MFW challenge.
I'm here for the entertaiment value, the other boards on the forum are where you pick up the real gems of learning.0 -
There's about 6 threads about this from the usual suspects trying to convince people not to buy just because they can't. Tragic.
Where?
......“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 -
May be time to dig up the threads from a while ago where I was being taken to task by the usual suspects for suggesting the market was oscillating based on a supply/demand pipeline of about 3 months. Prices fall, supply decreases because sellers don't sell. Prices increase, sellers take a punt, supply increases. Result oscillation. Likely progression is that prices will deflate slightly based on the rate mortage debt is reduced overall by overpayments, when increased mortgage provision becomes available, prices will rise led by first time buyers. So slight decline into this year ramping back up in 10-12 months time.0
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May be time to dig up the threads from a while ago where I was being taken to task by the usual suspects for suggesting the market was oscillating based on a supply/demand pipeline of about 3 months. Prices fall, supply decreases because sellers don't sell. Prices increase, sellers take a punt, supply increases. Result oscillation. Likely progression is that prices will deflate slightly based on the rate mortage debt is reduced overall by overpayments, when increased mortgage provision becomes available, prices will rise led by first time buyers. So slight decline into this year ramping back up in 10-12 months time.
Sorry, what?0 -
Graham_Devon wrote: »Sorry, what?
It aint that hard to understand,geneer will be here soon to fight your corner.Official MR B fan club,dont go............................0 -
It's a PREDICTION Graham. You're not likely to understand the reasoning, because it relies on understanding how supply and demand works when there's a lag introduced by the buying process, and you don't think supply/demand exists, but the prediction is:
small falls for a few months based on capital repayment rates, followed by rises when mortgages become more generally available in about 10-12 months time.0 -
It aint that hard to understand,geneer will be here soon to fight your corner.
Shortly after 1pm every day.
That's when the nurses go to lunch and leave the computer unattended.“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
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