Daily Express more desperate than Hamish to prop up falling house prices

Ilya_Ilyich

I hope Joanna's okay..

Thrugelmir

HAMISH_MCTAVISH wrote: »

So much for the 300% the bears claim.:)

Considering that house prices doubled between 1999 and 2003 (100%)

By 2014 the % figures won't be looking so impressive.

Sibley

I honestly think the Express editors are trying to wind up the HPC gang.:rotfl:

I would love it and do exactly the same. You just think. If you could get away with bunging a headline up that would p*** off people you don't like. I'd do it every day.

I expect that Sarah O Grady laughs her head off at all the comments. There is nothing they can do to stop her and the HPC gang know all those sheeple homeowners will see the headlines and start adding up how much money they have made and how to spend it.

Not part of the HPC dream at all. :rotfl:

Turnbull2000

The bears just don't get it. They're up against very powerful interests, many of whom will release such 'research' regularly (which the press will happily regurgitate) to keep the past price performance of housing in the mind of the nation.

IronWolf

What's that they always say with investments... Past performance is no guarantee of future results.

DervProf

Turnbull2000 wrote: »

The bears just don't get it. They're up against very powerful interests, many of whom will release such 'research' regularly (which the press will happily regurgitate) to keep the past price performance of housing in the mind of the nation.

I`ve said on many occasions that I think the media plays a part in the pricing of property, only to be told that it's all down to supply and demand / other factors.

Pimperne1

DervProf wrote: »

And 68% doesn't sound that impressive. What's that, about 5% per year ? Not a bad increase, if you are bothered how much your home is worth. I suppose the words "surge" and "rocketed" might make the figure sound better than it is.

The Daily Express - paper of choice for the wheelchair user, more ramping than any other newspaper.

Its more impressive if you consider that the average house price is about £160k and average deposit around £16k to £25k.

Buy a house and put £25k down, pay the equivalent of rent which decreases as rent rises and receive 5% interest on the £160k.

Did I mention that in 25 years you will own the house (although that has the obvious drawback that you will then be considered able to pay your own housing costs in your dotage and there is likely to be some Inheritance Tax issues for your heirs).

Agree with Sibbers though that it might be designed to irritate the HPCers - can't they ban it?

FTBFun

DervProf wrote: »

I`ve said on many occasions that I think the media plays a part in the pricing of property, only to be told that it's all down to supply and demand / other factors.

Er, that's because its true.

If anyone seriously believe a rag like the Express exercises any influence whatsoever on anything, let alone house prices, then they need their head examined quite frankly.

Pimperne1

FTBFun wrote: »

Er, that's because its true.

If anyone seriously believe a rag like the Express exercises any influence whatsoever on anything, let alone house prices, then they need their head examined quite frankly.

Well I would say that it exercises an influence on the mindset of the HPC brigade who revel in any bad news on house prices and despair in any good news. If it does nothing else then it provides a welcome salvo against the doom mongers.

Turnbull2000

I would be good to see a more practical comparison, such as property versus defined contribution pensions.