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Debate House Prices


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Nationwide -0.6%

1356715

Comments

  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    DervProf wrote: »
    No.

    Any sensible person would have dismissed the headline as blatant ramping (although the figure given is rather low for a ramping article).

    I didn’t think you did but I suppose we need someone to balance the 70%ers.
  • DervProf
    DervProf Posts: 4,035 Forumite
    ukcarper wrote: »
    I didn’t think you did but I suppose we need someone to balance the 70%ers.

    Who are these 70%ers you speak of ?
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    DervProf wrote: »
    Who are these 70%ers you speak of ?

    Just a figure of speech to describe people who think property will fall a long way in nominal terms as if you didn’t know.
  • DervProf
    DervProf Posts: 4,035 Forumite
    ukcarper wrote: »
    Just a figure of speech to describe people who think property will fall a long way in nominal terms as if you didn’t know.

    I am aware that there have been a small number of people who have predicted very large falls, but I assume most of these people have now realised that their predictions are not likely to come to fruition. I just wondered if any current or past members of this forum have made these predictions.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    DervProf wrote: »
    I am aware that there have been a small number of people who have predicted very large falls, but I assume most of these people have now realised that their predictions are not likely to come to fruition. I just wondered if any current or past members of this forum have made these predictions.

    I predicted a "soft landing" in 2007. :T
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Pimperne1 wrote: »
    I predicted a "soft landing" in 2007. :T

    It's what you predicted in 2006 thats more telling.

    Predicted the landing might be soft after the event has taken place and you know it's going ot land somewhere is nice, but not exactly genius!
  • DervProf wrote: »
    I am aware that there have been a small number of people who have predicted very large falls, but I assume most of these people have now realised that their predictions are not likely to come to fruition. I just wondered if any current or past members of this forum have made these predictions.

    I thought prices would fall a lot more than they did back in 07, which seemed to be vindicated up until the end of '08.

    Nevertheless I was not seeing anything like the falls in my area of London that the house price indexes said I should have been seeing. They quickly bounced up to above peak during the recovery.

    I gave up on seeing any more falls some time ago and started looking to buy in earnest at the end of 2009.

    One crucial thing that changed my mind is that I didnt previously realise that unaffordable housing was going to be a central plank of government policy. I naively thought that while 'they' wanted banks and borrowers to be protected from a price crash and high interest rates; 'they' would also want housing to be available and affordable for normal people.

    That clearly is not the case, as is evidenced by a raft of measures like planning restrictions, buy to let, awful AST tenancies, on top of all the economic ones.

    Its a shame but it is the country we live in. One day an establishment will arise where young people having somewhere secure to live is more important than protecting the asset books of corrupt banks. But this is not that establishment.
  • Sibley
    Sibley Posts: 1,557 Forumite
    Ninth Anniversary Combo Breaker
    It's funny. My mortgage payment didn't go up today.
    I'm still happy.:rotfl:
    We love Sarah O Grady
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Sibley wrote: »
    It's funny. My mortgage payment didn't go up today.
    I'm still happy.:rotfl:

    The houses I am looking at keep getting cheaper.
    I'm still happy. :rotfl:
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • DervProf
    DervProf Posts: 4,035 Forumite
    Sibley wrote: »
    It's funny. My mortgage payment didn't go up today.
    I'm still happy.:rotfl:

    If you are trying to detract from the Nationwide report, you are doing a poor job.
    30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.
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