The Express smells blood..

Sibley

They know house prices are going to rise.
They are really giving us the good news headlines now.

Prices to rise 21%/

Interest rates to stay low.

Bovis house prices rising.

Once banks start lending freely there will be massive HPI.

bendix

How many times do you need it drilled into your thick head that a 21% rise over 5 years is lower than the projected rise in inflation?

chucknorris

bendix wrote: »

How many times do you need it drilled into your thick head that a 21% rise over 5 years is lower than the projected rise in inflation?

I agree with your line of arguement that in real terms 21% isn't much, however isn't inflation expected to fall next year. Even so I'm not saying that that makes it a significant rise but IF we do have a 21% rise over the next 5 years it would suggest to me the start of a gentle recovery (in the context of where we are currently) with probable higher rises in the following years.

Additionally from an investment point of view that 21% is over 60% when the rise is applied to the actual cash invested (mortgage deposit, solicitor, stamp duty, furniture, misc fees etc) rather than the total property price.

bendix

The debate is not about the relative value of a leveraged investment - it's about the price of houses which by the Daily Express's celebratory headlines are going to barely keep pace with inflation.

Sibley himself said that he hopes to retire soon based on him expecting a massive increase of 30% on his property in 10 years.

Having said that, I suppose any rise that is above interest rates is a good thing, but neither the Express nor Sibley's projections are anything to get orgasmic about.

chucknorris

bendix wrote: »

The debate is not about the relative value of a leveraged investment - it's about the price of houses which by the Daily Express's celebratory headlines are going to barely keep pace with inflation.


That why I said 'additionally from an investment point of view', it was merely a subsidiary comment.

Having said that, I suppose any rise that is above interest rates is a good thing, but neither the Express nor Sibley's projections are anything to get orgasmic about.

Of course they are not, a 21% rise over 5 years is nothing more than an extremely gentle recovery. But right now I would take that, I would hope for slightly better but it could equally be slightly worse too (although that wouldn't be my hunch).

doire_2

Sibley wrote: »

Once banks start lending freely there will be massive HPI.

Can you give me a date when this will happen. You seem to know a lot about this issue.

Are you talking about 95%, 100% , 125% mortgages, liar loans?

I await your reply. Cheers

Percy1983

doire wrote: »

Can you give me a date when this will happen. You seem to know a lot about this issue.

Are you talking about 95%, 100% , 125% mortgages, liar loans?

I await your reply. Cheers

I second this, I need to make sure I am first in the que and buy before the dust settles and the general population realise.

doire_2

C'mon sibley. Give us an answer we could do with a laugh

the_flying_pig

Er, how can I put this:

The Daily Express isn't a very good newspaper.

There, I've said it.

OptionARMAGEDDON

I suspect they fear blood alright... and are trying to get their paper believing sheep to hold on a bit longer.

I wonder if the owner of the express has extensive property interests perchance?

I also wonder how many of his holier than thou readership realise the owner made his mark in the porno industry?

macaque_2

Sibley wrote: »

They know house prices are going to rise.
They are really giving us the good news headlines now.
Prices to rise 21%/
Interest rates to stay low.
Bovis house prices rising.
Once banks start lending freely there will be massive HPI.

Sibley sets the record straight.