Rightmove October 2011 +2.8%

MrRee_2

nembot wrote: »

You talk about people living their lives in their own home etc in one sentence... then in the next refer to a house being an investment.

Clearly the latter serves your personal circumstance, or you wouldn't post such rubbish.

I did not say it was an Investment ... I said it may be safer than money in the Bank.

And my personal circumstances are simply that I want to buy more property (so want to see falling prices) - but own property so don't mind if they increase.

The truth is, I am not selling - I am buying ... so, ironically, want prices to collapse.

You may think therefore that my angle on prices should be different than it is - well, I simply speak the truth. There ain't no crash, never has been and isn't likely to be. Despite me wishing it so!

My comments about people putting their lives on hold in the hope of falling prices applies more to those desperate posters on HPC than anyone here. We are a bit more level-headed here ... I like to assume!? We have more than a single Agenda here - speaking the truth is mine.

With Mortgage Approvals up, a leading indicator. With RM asking prices up, an indicator that EA's and sellers are filled with confidence due to house sales over the summer.

I do think the market will slow as is usual coming up to the winter - and will be dead over teh winter. But, I can see the spring bringing a revival in house prices.

Once buyers spot SOLD signs going up all over (about April 2012) - they will start panicking and buying all the rubbish which has been sitting around for years .... as the stock to choose from is sold. This will encourage asking prices to get paid and driving prices upwards.

Really2

Graham_Devon wrote: »

. I'm not arguing anything on this thread. It is a good indicator of sentiment.

So dev cleared up I don't think you can predict HPI off this data.
My view is still we are fairly stagnant.

Do you still believe there is a sentiment house prices are increasing?

Graham_Devon

Really2 wrote: »

So dev cleared up I don't think you can predict HPI off this data.
My view is still we are fairly stagnant.

Do you still believe there is a sentiment house prices are increasing?

Theres sentiment that house prices are increasing in the south.

I'd give up on this thread, you've been dancing around like you have been practicing the waltz for strictly come dancinng.

reweird

MrRee wrote: »

There is great sadness on the HPC Forums ..... a lot of denial and finger pointing to computers being wrong and not able to add up properly - some of those posting there have been posting about the crash for 7 years or more! All those years where they have been buying someone elses house for them - nuts! Most, of course, will never buy at any price.

Back to the figures - they may have some validity, as Mortgage Approvals are well up and this means properties have been selling. It is human nature, I'm afraid, to assume that your house today is worth more than the one down the street which sold in June - and therefore you put it on the market for a % more.

Of course, all these inflated prices will be knocked down and the sellers are expecting 15% OFF offers to come in.

I personally think that people are fed up putting their lives on hold while they 'hope' for a crash .. which isn't about to happen anytime soon (or ever) .. and they are now buying and living their lives.

Another BIG driving force is the uncertainty over the safety of Bank deposits! Who wouldn't rather have something to touch, feel, enjoy, than a bunch of numbers on a Bank balance sheet? I ceratinly would!

I believe one of the crashaholics even blamed a software bug for the positive increases. Talk about mad and deluded.

Really2

Graham_Devon wrote: »

Theres sentiment that house prices are increasing in the south.
.

TBF if you guys spent less time trying to make out I think house prices will rise off the back of this in the hope it discredited the data, I think there is a far easier way.

The increases could be down just to more houses coming on the market in the south east.

I have said before the data is RAW (I believe) so more houses coming for sale in the south or less in the north would mean asking prices would rise.

It still wont change the price average achived much though TBH, and it is impossible to predict HPI off the back of it. Pretty much exacly what I have said in the past.

No dancing, just to many 1+1=squirrel quotes.

homelessskilledworker

Whats all the fuss about these rises, these sellers can ask for what they want, getting is a different story. I would like to be hung like a stallion, sadly I am more hung like a hamster:)

Aberdeenangarse

retard wrote: »

I'm mad and deluded.

Yes I think we knew that

Sibley

Yawn. Asking Prices. Meaningless.

Seller delusion and VI greed continues, making it even more painful for themselves when the inevitable happens.

Sorry my friend you have it all wrong.

You either pay the price the seller wants or continue paying our mortgages off.

Win win for us old chap. The longer you keep renting hoping for a crash the better as far as I'm concerned.

Percy1983

Sibley wrote: »

Sorry my friend you have it all wrong.

You either pay the price the seller wants or continue paying our mortgages off.

Win win for us old chap. The longer you keep renting hoping for a crash the better as far as I'm concerned.

Or you find a another house without a deluded seller

reweird

Percy1983 wrote: »

Or you find a another house without a deluded seller

Or stay under your mammies roof and rules another 3 years. Out staying your welcome but at least 6 years past the age when over 87% of the population move out of home and stand on their own 2 feet.